Stop loss ka importance?

[sgoythale]

the required is learning Forex and technical analysis and making your strategy in trading and withdrawing profits for long time, then making enough deposition that can satisfy your needs in profits and enter the market

---------- Post added at 07:12 PM ---------- Previous post was at 06:05 PM ----------

learning then learning then learning, you can't continue in Forex or even start trading at all if you don't know the basics at least of the market so that you can survive long in trading even with loss by making good money management and trading with the trend

[aruna]

why not, Forex can be your only source for income and you can win from it and earn your life you only need to be professional and you have good balance that can make good profits with the minimal risk

[aruna]

this is very long time as i think, you need only 2 or 3 hours at most for trading Forex, you don't have to sit in front of the chart and wait till your positions mature, you don't have to do this

[manish]

i have lost nearly 1000$ in my first year till now, it is very small amount of money in Forex to be lost specially for a beginner, and i lost them all due to the same reason; over trading everytime
i have learned that the only way to prevent loss and keep the profits is by making strict money management and don't risk more than you can afford

[sgoythale]

this depends on how many pips you can earn per week or per month and the risk you make in your trades
but with making good money management and earning 1000 pips every month you can double your account per month

[manish]

I read why RBI banned forex in India.. We should not forget that most of the forex traders lose their money in this business.. and when a huge amount of traders in any country starts trading forex, their foreign reserves also gets into trouble.. because to deposit you need to convert your currency into USD, GBP or EUR and if you lost that money then your government faced troubles because of this..

[aruna]

between gambling and trading there is no much difference, we should apply all Forex rules from the good technical analysis before making an entry to the amount of money we risk in every position, gambling is not only trading by luck, it is also trading with very large lots

---------- Post added at 07:04 PM ---------- Previous post was at 06:29 PM ----------

without strategy we can't call it trading at all, trading only when you have good proper system and a plan to achieve your goals and you don't give any chance for luck to change this by money management mainly

[manish]

yes Forex is money making machine for those customer who are experience who are invest money and have experience about Forex trade.but for new member is is loss matching if they are no aver about Forex term

[manish]

good traders always know their mistakes and learn from it, all people lose in Forex even the most professional traders, but not all of them keep the loss all the time because the good ones don't repeat the mistakes again and so they can prevent more loss in the futur

---------- Post added at 07:02 PM ---------- Previous post was at 06:39 PM ----------

good traders are people who can save themselves from loss in this market, even if you are not making good profits, avoiding loss only can make you a good trader because it is not an easy task in this business, it needs to have good and proper trading system and long experience

[aruna]

in my opinion the good trader is the one who can make better results, means to make larger number of pips, it is not his fault that he does not have large balance to trade with, so he can make high profit if he got larger capital, but the one who makes small pips with large value can't do that at all on small capitakl

---------- Post added at 07:00 PM ---------- Previous post was at 06:53 PM ----------

quantity of pips is the ideal thing that can determine the good and successful trader, because he can make them with small and large balance, but the one who make high profits with large balance and small number of pips can't make the same performance with small capital