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We all made mistakes in our trading and most traders mistakes are the same such as bad emotions in trading and greed as well as lack of good trading discipline. If we can't totally eliminate those bad factors in our trading we will never earn consistent profit everyday.
yes. it seems that the problem for which you face loss that was the excess limit of your greed. so be careful.
yes I think so, It will better if you collect money form your profit as soon as possible, because when you loose every thing will be loose.
ohh thank you so much can everyone do like him so we can learn from mistake of eatch other and get better in trading we have go share our mistaks thats will make we better
learning from our mistakes has alot to do with our control for greed if we can then we can learn.
Leverage can provide more profit but on the other hand it causes great losses. Care should be taken while taking leverage. 1:500 leverage is high to be taken. While applying leverage it is better to take profit instead of investing more or taking more risks.
I see. I also have been in your situations and experienced it for sometimes before this. I like to keep my profits in with the capital to do the next trade. At sometimes when my strategies is good I earn more profits than what I gained, but sometime I loss more. So it is good to withdraw it like you said friend. Good luck and happy trading all.Quote:
Originally Posted by forexman
making constant profit is real hard.. I saw that you did not follow money management. no matter how little your account is, you cant blow your whole account in a single trade.. that's just out of any law in Forex.. this is why you need to use the lowest lot you can to survive.
haan hum jab forex trading market me trade kerte he to hume isse jitna bhi profit get hoti he use hume nikal lena chahiye, jisse hume profit kiya hua money loss nahi ho jaye .
Oh , this proved that we have to satisfied with the profit which we have earned from our trading . We don't have to be greedy while doing trading . Trading is the big opportunity in front of us , if we are getting less amount of profit from it then its okay . If we increase our investment little by little then we will get better experience which helps us in taking a good decision in forex trading . If we grab good experience and strategy then we can take a big risk very carefully which may result in a large amount of profit . Its okay if you suffer a loss now , you get a experience and i am sure that you will not gonna repeat this mistake again . Don't be upset just continue your trading and one day you will make a big amount of profit.