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Thread: Hoping and Praying Do not guarantee success!

  1. #125
    Banned aum is on a distinguished road aum's Avatar
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    pray it is good to keep our psychology that are not easily stressed brother. Especially if we've been exposed to loss and even MC. Therefore, it often makes our hearts to pray for calmer.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #124
    Senior Member rookie001 will become famous soon enough rookie001's Avatar
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    Hoping is wishful thinking and a worse form of speculating ... hoping that market will come to a certain direction just because you want it to ... is like directing and dictating the market. On the other hand, praying is not applicable in forex trading ... it is all a business of mind ... if you did something you thought about it and decided it yourself rightly or wrongly ... in both cases if anything goes against you you change the attitude of hoping to praying and that is even worse. Disqualifies you as a trader. Devise a strategy ... believe me, and you will be a trader.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #123
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    Quote Originally Posted by MTEBESSI View Post
    Many traders keep repeating the same mistake: They take small profits and let the losses run.

    Hoping that losses will become profits by waiting a little bit longer is gambling. It might be appropriate once in a while, but in the long run, it ruins every account.
    Hope is not a good way of trading the forex market because hope and analysis are two different things. The best way to trade is to use your analysis and if the trade is going bad, then analyze again to find out if there will be a reversal soon. Always be sure to use your stop loss and take profit in all your trades.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #122
    Member ashu912 is on a distinguished road ashu912's Avatar
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    yeah i also agree with this point, the same incident happened with me when i was a beginner in forex . I started a trade and i was in loss . I thought if I will close trade right now and open a new trade it will cost me more due to broker commission, why not to continue the trade kya pata saara loss recover hoke profit main aa jau. But I was wrong I ended up blowing my all money....

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #121
    Banned sajal is on a distinguished road sajal's Avatar
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    To be successful in Forex, only hoping and praying to God is not beneficial, adopting good strategy is essential.Right timing in trading is important.If a man waits for a long time after opening a new position and wait even the trade is in a loss to recover the loss, he may loss his whole capital.But many traders do this and pray for the recovery of loss and making profit.Sometimes fortune favors, but not for always, specially if the trader has small capital.But if the capital is huge,waiting for a long time is not risky rather beneficial, because there is a less chance of loss of whole capital.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #120
    Member antosco is on a distinguished road antosco's Avatar
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    Quote Originally Posted by subashbks View Post
    right... i think most people do the same..they will think that if they wait more..the loss will change into profit... and sometimes it happens too..but not always... so trade without emotions and one should master the use of STOP LOSS
    Waiting for a losing position to turn into a winning position is like gambling in forex trading. If you place your trade in the first place, you should ensure that you have your take profit and stop loss level in place to ensure that you don't become greedy in the progress of the trade.

  7. #119
    Member hassane is on a distinguished road hassane's Avatar
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    the success in forex is guranteed and the loss too is not guranteed you have to make a strong strategy and you have to make a good analysis with a good management and hope you will make great result in the end , if trader use good experience he must get profit in the end.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #118
    Senior Member subashbks is an unknown quantity at this point subashbks's Avatar
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    right... i think most people do the same..they will think that if they wait more..the loss will change into profit... and sometimes it happens too..but not always... so trade without emotions and one should master the use of STOP LOSS
    Nobody is perfect....I am nobody

  9. #117
    Member napkin is an unknown quantity at this point napkin's Avatar
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    i opine the artefact that promise success is to be excavation learned and head a well analysis and put a take for your trade beside let your emotions departed and you should be reassured and forbearing as untold as you can .and finally dont depend on luck or comedian .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #116
    Banned talebdpmg is an unknown quantity at this point talebdpmg's Avatar
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    Yes friends, you are absolutely correct. yesterday I did that mistake and now my loss is about $70 in a single order. Everybody should follow this guideline.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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