Printable View
Getting profit would be a day to day activity for professional traders and they must get practiced to it always. But for newbies, achieving profit will have more influence in their physiological level. It will give them more boost to perform well in Forex on the other hand might lead to over confident also...Quote:
Originally Posted by alam
i think so its up to you that how can you make plan on daily basis.mostly situation depend on market but the most of common problem of learning if you have proper knowledge about forex then you are successful in forex market.
It depends on the market. If i get the target that i have set for everyday is hit then i watch the market. If there is another oppartunity for profit then i enter the trades. Otherwise usually i stop trading and go for a walk.
It is better to first aim at your own target or profit levels which you have set for yourself for each day and if you manage to achieve it means you are doing a great job. Also once that is done you can still trade only if you feel right opportunity is there to trade .Quote:
Originally Posted by shinde
Wise traders always end the day with profits and they do not go for more risk if they have earned few pips. It is the practice of novice traders they go for more risks if they win few pips and end up the day in loss.
If i able to get profit from the forex trading then i will withdraw some amount from that profit and use some amount for the further trading so that i can make more profit from that balance. I think traders must have to do same thing so that they can earn more profits in future.
i will have my daily plans and targets.After 1trade if i get profit but my target is not reached,i will open another trade.But if my daily target is reached then i will stop trading for the daily.Or if the daily profit is reached and there is another chance to open trade,then i will also do it.It depends upon the market situation.
why withdrawing daily doesnt look good? what is the problem and harm in it?
in fact some traders find it good to withdraw daily and they protect their profits safely in this way.
If I have loss in a day, I should not recover the money for that day. If I have profit so I should not any more trade for that day. I need a target in one month. Some day I may loss , some day I may profit, but I should take profit averagely.
forex trading mn app apna daily ka plan fix karein
agr app apny target sy ziada over ho jayein gay tab app ko loss ho ga