We will not be able to control our risk, if we don't have good money management. The money management is just like a break in a car. We will get into a fatal accident, when our break is not going well or we don't use it properly. Then, we can see the expert traders, they always give more attention ...
When we get two salaries, one from Forex and the other one from office, then we compare them and realize how much effort I spent in the office and how much at Forex, similarly, we compare that in return how much the office paid us back and how much the Forex did. Then we smile and thank the Forex for ...
When you don't use stop loss, you are just like a person who has planned to jump from a helicopter, but doesn't feel the need to using a parachute. I advise all of you to always use stop loss and make sure that you are in this market for a longer period of time still able to trade. Using stop ...
The world of Forex has a big treasure. To get it, you have to walk the way full of danger and to skip up to the great treasure. You should learn well before becoming a small fish lost in the ocean.
If I say that I need luck, where can I get it? But if I say that I need skills in the market, at least I can work and get skills from practicing, but I can not practice and get luck anywhere. Luck to me is out of the way.
Forex is not a get rich quick scheme - you must have patience. Avoid emotional trades and do not trade when you are too upset or too happy, because when you are too upset you might risk your everything, and when you are too happy you don't realize the losses in your happiness.
First the US, now the EU, they all wait until the last minute of the last hour of the last day to come up with a plan. It's like ice-skating on a thin layer of ice. Eventually, it will crack and they will fall through it and drown... or maybe that's exactly what they want to happen.
Success in forex or any other career out there is not offered on a silver platter, its the result of hard work, dedication, passion and the power of repetition. Thees is no shortcut dear trader, but the efforts will be paid soon.
It is not complicated, but very hard to make a consistent profit. Why does this happen? Forex is so strange, simple but hard...
Where there's a trend there's a trade.
Forex is a lovely unicorn when you trade with a trend, and an ugly beat when the trend is going against you!
When the market gets greedy, I get nervouse and stay away. When the market is nervouse, I get greedy.
If the indicator helps you understand the market action better, then it's good for you, the aim is to be a better trader each day no matter the type of indicators you use or use of no indicators. The truth is judged by the trading results!
A plan in Forex is like a sun in your life. Without the plan you will feel that you walk in a dark street, so you must give yourself a time to know what you need to make from this market and how long you can stay with chart.
The one who does like that, sooner or later recovers all the losses, and the one who just waits for the market to recover his losses, gets crushed. That's the way this Forex trading works, and sooner or later everyone understands it either after blowing his account once or more than 10 times.
Everyone can be a trader, but to maintain your existence is very tough, so try to work hard to achieve the best and never quit, because quitters never win and winners never quit.
As we all know, its pointless to put ALL the money at risk, chasing the Luck there will be another day to make money on Forex, if today something has gone wrong. But if you put everything at risk, then tomorrow you will have no money to trade with. It's like if you walk your way on rails, and then ...
Experience is the key to success in Forex trading. The longer you stay in this business the more experienced you will become, the more experience you have the more profit you will make.
Well said, a seat belt saves your life in case of accident, so an injured body is much better than a dead body. In the same way SL protects your account from MC and a small loss is better than a wipe account.
"Bulls Make Money, Bears Make Money, Pigs Get Slaughtered". Come and join me... Slow and Steady...
It's true that experience teaches us to accept the fact that trading is a mixed bag of profits and losses, and we should work hard to have more profits instead of losses. Experience has also made me eliminate the fear of pulling the trigger as well as greed elimination.
Essence of luck is a part of the game. Definitely, heroes blow their accounts. Heroes take revenge!
Tip is a ball, the harder you fall, the higher you bounce.
A great trader is the one who will always make out opportunities where none exists in the market, and the one who survives all market conditions and still makes profits.
On a PAMM you have a unique chance to join to the best traders in the world. You should be happy if such a trader accepts your investment, because you need him much more than he needs you.
I'm sure all of the strategies are profitable, but the key is in the hands of us, whether we are able to master the psychology and the way we are trading in accordance with that analysis.
Suicide or excessive risk is not a courage. The hero has to come from the battle alive and with good results.
Take Forex markets as a battle field and each trade as an enemy. So, when you use an excess leverage, it's like using all your bullets on one enemy. When you get a margin call it means you are out of ammo and your enemy has got you.
Most of indicators show us just the past. We have to trade in the future.
Risk is something that can never be eliminated with every trades. We must learn how to minimize it and must be cautious in entering the market specially if we have less equity.