Yourself Is The Real Enemy.

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Originally Posted by anitagala124

I agree, sometimes we are the enemy of ourselves, because in forex trading, we should be truly honest, and accept we are wrong, and stick on our plan, and do not find excuse for our wrong action, so we should keep changing, so that is true, we are our enemy in forex trading sometimes.

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dare to accept our flaws is an attitude that traders must have in order to be able improve their skills. Without having such attitude, traders will reluctant to change their mindset moreover their ways of trading. And without changing dynamically, you won't survive long enough in this forex field.

I also agree is true in forex trading you should be able to control emotions, impatient, greedy, etc.. because it is very important aspect of trading psychology is also included, so that our trading can work well

Actually if there is no mentality of learning from our mistake then its hard to servive in forex because in forex we must do mistake and there is very very high probabilty to do it again . so need to learn from our mistake and must be prepare ourselves to take loss also because its a part of forex and it must be happen if we trade . so with positiveness we must need to accpet our loss.

Yes we have to know and understand that Greed is the main factor responsible for the loss in the Forex.

This is especially true when we are considering that our career as well as success is at stake.

We ourself can be a enemy in trading because if we become GREEDY. So while making money we have to keep in mind that we have to b away from greedyness.

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Originally Posted by Rhushikesh

We ourself can be a enemy in trading because if we become GREEDY. So while making money we have to keep in mind that we have to b away from greedyness.

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for me it is wrong thinking if we take ourselves as the enemy just because the greed or else, we will not complete if we have not it ..and it will become big problem...greed is only term about psychologies and we have to ride it, not fight it

Absolutely correct we must do mistake and there is very very high probabilty to do it again so need to learn from our mistake and must be prepare ourselves to take loss also because its a part of forex.

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Originally Posted by newentry

for me it is wrong thinking if we take ourselves as the enemy just because the greed or else, we will not complete if we have not it ..and it will become big problem...greed is only term about psychologies and we have to ride it, not fight it

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You are right, greed and fear are essential qualities of human being and we cannot get rid of these, what is important here is we should learn to control these and not let our trade decisions affect by these.

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Originally Posted by arjun

Yourself Is The Real Enemy

whether you 've realized that the real enemy in this business is yourself. to be successful you should be able to control yourself. including controlling the emotions, the nature of greed and fear nature.

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Yes, i greatly agree with this. I lose many accounts in Trading. This is because of fear and greed.
So, the trader who controls greed and emotions only have the chance to get some profits. Otherwise, the stop out will always occur in our accounts.
First, we have to learn the discipline to control our self.

The real enemy in Forex trading is our greed and fear of loosing the money, if we are able to manage them effectively then we will get good profit and become successful in trading.