Hoping and Praying Do not guarantee success!

[wantrich]

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.

It is very dangerous to do that, we should set take profit and stop loss., then we can make more profit and avoid bog loss. For me i usually set take profit and stop loss for all my trading, until now i made some profit.

[kinwan]

Hoping And Praying Motivates Alot in trading Business ,This will also mean that we will be able to know how is the trading we do is going on and how much scope is their for further improvements.

[cuonghpftu]

yes of course hoping and praying guarantee ha is forum main ap ko sirf kcuh batoono ka kas kahal karna para ga ap ko emotion nahi hona chayia trading main ap ko both sara profit hasil hoa ga is main yaqeenan profit ho ga ap sirf or sirf price ka wait karan kam profit ko no dhoko ap hamassa zadia profit hasil karana aor ap yaqeeanan kamyab ho jaina ga.

yes, I often do that when I was still new in forex trading. I often leave a large floating position and like to close the trade when I get very little profit. I hope that I will come back floating position and proved to be bigger and even served until exposed to a margin call....

[dadi]

hopes ! this is what we call emotions ,, if you don't control it you will lose of course ,, no hopes in trading just analyse the pair and set your stoploss and take profit and let it runing

[koushik]

i conceive the artifact that warrant success is to be vessel learned and play a vantage reasoning and put a place for your interchange beside let your emotions gone and you should be assured and enduring as some as you can .and eventually don't depend on luck or plan .

[nasima]

Hi guys I think that
In forex if a trader can't trade without emotion then he can't gain success form success. A forex trader should have to trade with logic not hope, praying or something else. ................................

[Bangla Forex Rider]

you are 100% right.
if you can't do fundamental and technical analysis. and also if you can't detect the price action then no matter how much you pray
the final result will always be same and that is you got kicked my market

[sharabela]

You are very right. There is no point of hoping and praying if you have done a mistake with your trading. Get proper experience and do well in this business. Luck does not do anything here. It is all about your wisdom and experience.

[themefast]

hello bro,
I think you are right. In forex hoping is nothing because hoping only work on gambling work. If you have good knowledge about forex trade and get some experience then hoping and preying are never needed for your trade. So, try to get some quality then all is well.
best of luck

[Yovraj]

I am a new comer in this site . I have no much idea . I think that A forex trader should have to trade with logic not hope, praying or something else. If a trader want to gain success from forex then he have to be logical and practical not emotional. Thanks ..