Its the main reason why we need to be patient and hard working. This way we can prevent being our enemy by ourselves Remember do not find excuse for our wrong action or wrong trade ,we always should keep changing whatever the reason we face
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Its the main reason why we need to be patient and hard working. This way we can prevent being our enemy by ourselves Remember do not find excuse for our wrong action or wrong trade ,we always should keep changing whatever the reason we face
There is nothing to deny your statement it is true and fact that without these one can trade frequently in profits and profits so the real enemy in Forex trading is our greed and fear. so we should try to avoid these things.Quote:
Originally Posted by dmambi
A trader who trades manually and is solely responsible for all his losses and you can not say the trader is the enemy of himself. It is the normal human behavior that a man gets confused under pressure but with good knowledge every thing can be normalized.
you are right, the real enemy is our self,when we can not control our self to ride emotion, so we will never get success in every business, sou the real enemy come from our inside and this is very real and we can feel it again and again
Trader himself enemy in the sense that he is the only one who has to be blamed for what is happened to his account. Because most of the time we loose because of our bad decisions under the influence of our greed and fear.Quote:
Originally Posted by jadhav
trading with the cool mind is the good way but profit goes to loss side,frustration controls the mind and other orders are also gone in loss.too much over confidence cannot help us always.we should not wait for getting too much profit(greed) and it leads to huge loss.we must be careful in entering lot sizes.
Yes, it is very important for us to control ourselves before going for the trade. We all know that we are bounded by certain emotions, which will always hamper our trade. So to be better trader, we need to be able to control our emotions like greed, fear, anxiety and so on. We all can't risk our money. The true key to become successful trader is to understand ourselves, control ourselves for any kind of situations in the trade.
In the forex trading we are enemy of ourself if we do not follow the golden rules of the trading. It is responsible for the loss. So it is not good to blame the forex market or anyone for that loss. Just keep in mind that you have to trade according to the rules otherwise it will be very difficult to make gain from forex.
yes i have experience it when i trade and really due to my over cofidence i lost my winning trades and i repeated the same upto now 4times but i think i should not repeat it again anymore and control my emotions
Yes of course i am agree with you. But did you notice other then fear and greed there are also other emotions that effect trading. That are over confidence , hope and expectations. You said that control yourself, and these thing are also important to control and never overlooked them