Taking risk
It is important to know that trading is all about taking risk. If you lose all your money it is important to develop new method on how to get it back. Study the right Forex materials to be able to learn more.
In your experience how many times do you wipe out your account and develop a new method?
You should learn how to trade first before you are jumping into it. If not, you are treating Forex like a casino. After learning the basic, practicing with demo account. Keep doing this until you can minimize the lost.
You can not fight the market. If you think that you have to get your money back you are already in a fight (and "emotional trading") Those are some of the worst things that can drive you in trading. Adapt to market. Don't fight it
Your words have weights. i completely agree with you guy.But I would suggest someone who are new
1.before entering in real trade they have to trade at least three months in demo account which will increase their knowledge
2.have to be confident about winning in trade
3. have to keep patience when they face loosing
4.always have to avoid fear and greed.
Totally Agree!!!
Your words have weights. i completely agree with you guy.But I would suggest someone who are new
1.before entering in real trade they have to trade at least three months in demo account which will increase their knowledge
2.have to be confident about winning in trade
3. have to keep patience when they face loosing
4.always have to avoid fear and greed.Really.. Peter is right... trading in demo is very important for the beginners.. and the confidence is also important.. phsycological factors are in the first place when people deal with money. !
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It is important to know that trading is all about taking risk. If you lose all your money it is important to develop new method on how to get it back. Study the right Forex materials to be able to learn more.