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I think a mistake in trading there are two kinds, first of ourselves both from the outside. losses are not necessarily wrong. The only mistake you make in forex is to follow your plan. I think as long as you follow your plan, you are right, if you do not you wrong. for that we must remain focused in the analysis. because I think a lot of traders make the mistake of carelessness yourself.
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Many traders fail because they do not run the discipline in trading. Discipline is a major problem in conducting the transaction. Lots of traders who have failed and spent thousands and even millions of dollars and then aware of the meaning of a discipline
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Ek din mujhse ye galti ho gaya tha trading ke waqt ki mai position ko modify karne ke bajay usko close kar diya ye achanak mujhse ho gaya. Mai jab baad me dekhe to mera 153$ loss ho gaya tha. ye mera bohot bada galti tha. Abhi mai sab kuch check karke karta hun.
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I think that the first sin is that we don't focus on trading with one thing! << Learning one thing, learn it well, do it over and over again >> that is the best wisdom I heard on this market and I should do it
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I do not believe that forex has any problem. Except any technical error or speed problem there is nothing mistake in forex. Only people can make their functional mistakes and assign it forex problem. We need to find out our problems and must try to overcome on it.
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Problems with greed is a common problem among traders new and old alike. They tend to repeat the same problem because greed looks to be more powerful than their self control. Takes a long time before greed can be controlled,starts disciplining yourself so that you can control your greed.
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Quote:
Originally Posted by
youngfx
forex mistakes and sins.
That is quite beautiful list of fact in trading and i agree to that, and also i have learned some really good things from the forum and that is like, Don't be confident with your trading, risk 2% of capital, keep a reserve for a good entry possibility etc...
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Can summarize all of these points in a very important point not only is greed
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Some good advice there. I like the bit about being risk adverse after losing. Its called fear. Fear and greed are huge in forex and are very difficult to control.
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nice article but in Indian Forex Forum i like shorter Post because you have small time to read it I agree with your all points in this post But Sins are only your personal matter you should relate it to Forex trading you can wash your sins though detergent of Prayer but i Forex without Fundaments you will lose all your investment and nothing to do