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I want to share two things from my past experience and they are same as the topic of this thread and which is :
(1) never trade more than what you have and consider your account balance and then carefully choose your lot size based on the leverage and trade with small lot size and always place stop loss and take profits to your trades .
(2) Never let your emotions interfere your trades and emotions such as greed , fear and over confidence. To control the same again use money management skills .
i learnt from forex trade that the business always demands some plans if we have good plan than we can be successful second is that the we should not be greedy because the greed destroys the trader.
Regret also causes traders to “chase” trades by jumping in the market after a setup has already triggered. This gives them a far worse risk reward potential on the trade which makes it a lot harder to turn a profit on the trade, chasing trades is not how a skilled and patient trader behaves. Instead of being regretful over missing a trade setup, the professional trader will simply remain calm and observe the market, learn a little something, and keep his or her hands in their pockets until the next trade comes along. Chasing trade setups is a VERY slippery slope to forgetting about your trading plan and kicking off the process of trading randomly or gambling in the market.
The most important thing that i have learned from the forex trading is that you must have to trade in the forex market with good patience and if you show that then you will easily get reward so that you get good profit.
Forex trading and it will result only in losses.every trader should careful about this greed control this things are very important for every forex trader and we should use thins learning tips.which I learned from the forex is how to keep patience while trading.
greed and also worry is usually a big difficulty for forex trading investors exactly who work since the money grabbing guideline has to be large amount of tactics and also devices employed can be violated in order that the examination that is in conformity while using method is going to be damaged and never relative to the analyzed sedangnkan worry is usually as a result of regular have got been unsuccessful therefore not comfortable in studying value actions which generally make investors grew to be reluctant.
main ne ab tak bohat important cheezien seekhi hai aik to jo aap ne bhi mention kiya hai emotions ko control kerna sekha hai is k saath saath main ne greed ko control kerna hi kuch hadd tak seekha hai jo meri bohat buri aadat thi ...
Practical knowledge has tought me so far in which because of an excessive amount greed making use of enormous leveraging seriously isn't great. As well as the yet another don't placed all capital at once rather spend just a section as well as maintain sleep regarding various other greater opportunities.
in my opinion money/risk management and technical analysis are my best thing to learn for me because technical analysis always help me to find market trend and tp/sl zone also money management helps me to save my account from big loss.
Experience provides tought me up to now that as a result of too significantly greed employing huge leverage is just not good. And the particular another do not put almost all capital at once rather invest merely a portion and maintain rest pertaining to other better opportunities.