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Thread: Quality of trades vs quatity of trades

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    Rookie layigold's Avatar
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    Quality of trades vs quatity of trades

    It is not the quantity of trades that determines how successful one can be in forex trading but the quality thereof and that is why you must not run after taking too many trades but rather you should exercise enough patience until you see a good high probability trade. Trader A who only took less than 5 trades in a month might end the month in good profits than trader B who had more than twenty trades in a month. I think that forex brokers will like those who take too many trades because that is where they earn their incomes in term of the spread they charge.

    To be successful and remain so, you must strive to embrace the quality trades and not the quality. Any contrary opinion is welcome.

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    Quote Originally Posted by layigold View Post
    Forex should not be seen as a means of becoming rich suddenly otherwise such a person with that kind of mindset will have himself to blame. Most of the problems that people suffer in forex trading are caused by strong desires to make much money in a very short time without being mindful of the risk they take on their account. If you risk and money management plan is zero, you will be million of miles away from success in forex trading
    [lang=id]traders need to have a good awareness about this business that will take much time to achieve the goals and get success, but before they can get this awareness, they will try to do something and get the experiences that will make them understand to work properly in the market[/lang]

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    Well, I must tell us, it is quality that matters, so therefore before making choice of the trade we will be taking, we have to make sure that we first get to know the quality of the trade, therefore knowing that forex trading is though a risky business therefore we have to learn and understand the business. Thus knowing that making money is all about taking the strong trade setups.

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    Rookie layigold's Avatar
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    Quote Originally Posted by splash View Post
    Well, I must tell us, it is quality that matters, so therefore before making choice of the trade we will be taking, we have to make sure that we first get to know the quality of the trade, therefore knowing that forex trading is though a risky business therefore we have to learn and understand the business. Thus knowing that making money is all about taking the strong trade setups.
    The proper understanding of this would make a wise trader to exercise patience until he gets a high probability trades before he pulls the trigger. With a single trade that is of good quality , you can make good profits that a trader who is just jumping and out of the market. It is not the number of trades that are taken that determine how profitable a trader will be but the quality of a trade. I think people need to understand this and borrow a leaf here.

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    the strong beliefs on trader works of the good projection with the future performance of the trading gives of notable results on study as trader gains with the higher level on confirmation bias processing information on measuring news and the return of work with the analytics from different expert by the online community of investors group.

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    Quote Originally Posted by splash View Post
    Well, I must tell us, it is quality that matters, so therefore before making choice of the trade we will be taking, we have to make sure that we first get to know the quality of the trade, therefore knowing that forex trading is though a risky business therefore we have to learn and understand the business. Thus knowing that making money is all about taking the strong trade setups.
    if we think about the quality, then we need to increase the knowledge and skill, that will make us know to do trading effectively, at the right time and point to set the order and get the right position, then, it give us the chances to maximize the performance to get the best results, and it can be done in every business and not at forex trading only

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    Rookie layigold's Avatar
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    Quote Originally Posted by newentry View Post
    if we think about the quality, then we need to increase the knowledge and skill, that will make us know to do trading effectively, at the right time and point to set the order and get the right position, then, it give us the chances to maximize the performance to get the best results, and it can be done in every business and not at forex trading only
    That is the point so many forex traders seem to have neglected and what they are running after is making money by all means without being mindful of the risk they take not to even talk of considering the quality of the trades. They wrongly believe that the more trades they take determines the more money they will make. You may not have more than 4 trades in a month and be far better with another traders with 20 trades per month

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    Quote Originally Posted by layigold View Post
    That is the point so many forex traders seem to have neglected and what they are running after is making money by all means without being mindful of the risk they take not to even talk of considering the quality of the trades. They wrongly believe that the more trades they take determines the more money they will make. You may not have more than 4 trades in a month and be far better with another traders with 20 trades per month
    Yes many traders are there who ignore everything and run after making money. Lack of patience can definitely make you lose money in the forex market. when you are not patient enough, that is the time when you let the greed dominate you in the market and it asks you to stay in the market longer than required ending you up with losses.

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  9. #28
    Rookie layigold's Avatar
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    Quote Originally Posted by ANANDCHENNAI View Post
    Lack of patience can definitely make you lose money in the forex market. when you are not patient enough, that is the time when you let the greed dominate you in the market and it asks you to stay in the market longer than required ending you up with losses.
    If you lack the required patience to wait until you see a very good high probability trade, you will always be at the mercy of the market in forex trading .I have got to discover that it is only the patient dog that eats the fattest bones. The profit that last long takes times to accumulate so , it is not a business of wait and get if you hope to stay long in forex trading .

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    Trading is no very easy to do especially when you do trade without any proper patience, trader's think that every time they can earn money from the market, this can also happen to trader's when they lose money in trading. Revenge trading can't complete the success for anyone, actually this is more worst way of trading after loss.

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  11. #30
    Trader cutiekc's Avatar
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    I have always chose quality over quantity, that is the reason why I think I am improving, in forex and other business, the decisions should be made the right way, in the sense that more clear opportunity be taken and then the ones which are not clear enough should be ignored.

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