how to recognize own potential
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Thread: how to recognize own potential

  1. #1
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    how to recognize own potential

    as the traders, we need to understand for what potential in us with clearly before involved ourselves deeply in this business, that is important for us to get the correct education that will increase knowledge and quality for trading forex later
    there are several points that will help us to recognize our own potential
    1. know yourself,
    we need to make some questions and answer them honestly, what is the weakness and disadvantages , what is the strength and advantages
    2. set goals of life, we choose forex trading,
    Determine the purpose of your life for a short-term and long-term appropriate skills and competencies.
    3. eliminate negative thinking
    start to take this with full responsibility without blame something to the others, we need to accept all the thing with gracefully
    4.do not passing the self
    if we face some problems, mistakes and failures, we do not regret and judge ourselves. Make the experience and material failure as a valuable lesson for advanced.
    5. ask to the nearest
    6. lots of reading, see and feel
    they can motivate us to dig our potential

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  2. #2
    Trader layigold's Avatar
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    Every human being has his or her own unique innate potential but the problem is that so many people leave it to lie dormant. Just like you have rightly mentioned in your thread, there is need for a trader to know himself and discover his own potential and how it can be channeled towards achieving your goals in trading. Without serious learning and practice , there is no discovery you will make , so I pity those who run away from learning and yet hope to earn cheap money in forex trading. The truth must be told, forex is not for a lazy person

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  3. #3
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    Quote Originally Posted by layigold View Post
    Every human being has his or her own unique innate potential but the problem is that so many people leave it to lie dormant. Just like you have rightly mentioned in your thread, there is need for a trader to know himself and discover his own potential and how it can be channeled towards achieving your goals in trading. Without serious learning and practice , there is no discovery you will make , so I pity those who run away from learning and yet hope to earn cheap money in forex trading. The truth must be told, forex is not for a lazy person
    that's it, traders need to take it seriously but before think to start it they will need a good intention that will trigger them to invest the time for learning and then practicing, that is the process that will faced and passed by them, the main ideas here that we understand ourselves then we can get the way to recognize own potential

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  4. #4
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    Quote Originally Posted by newentry View Post
    that's it, traders need to take it seriously but before think to start it they will need a good intention that will trigger them to invest the time for learning and then practicing, that is the process that will faced and passed by them, the main ideas here that we understand ourselves then we can get the way to recognize own potential
    We should have the will to work hard to get our goals fulfilled. If we want to gain profits in our trade at the same time protecting the account, then all we need is a clear and very good trading plan which consists of market analysis, capital management and a consistent trading strategy.

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  5. #5
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    Right learning and practicing are important and I want to add one more thing that is correction in trading, correction along with our practice and learning would be good for us, our evaluation will tell us slowly slowly that how we can do better trading and how can earn money for long term in forex trading business. And it could be the right inception of success for a trader.

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  6. #6
    Trader Hukam's Avatar
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    Yeah mate, that's true almost all trader's have to learn from their mistakes and only it will make them a successful trader in forex, forex trading is a lucrative business for traders, but need realistic moves here. Its prominent to know the value of their losses. Correction in trading would give trader's consecutive better output and it will rise their trading accomplishment.

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  7. #7
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    Quote Originally Posted by Hukam View Post
    Yeah mate, that's true almost all trader's have to learn from their mistakes and only it will make them a successful trader in forex, forex trading is a lucrative business for traders, but need realistic moves here. Its prominent to know the value of their losses. Correction in trading would give trader's consecutive better output and it will rise their trading accomplishment.
    that is right , we need to start thinking realistically from the beginning, that will keep us always on the way to see the thing that should been taken and done properly then we get the right lessons in learning and practicing, then, we know that forex is not an easy thing and fast thing to be passed and done, but the results will become something great when we can make it

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  8. #8
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    Quote Originally Posted by Hukam View Post
    Yeah mate, that's true almost all trader's have to learn from their mistakes and only it will make them a successful trader in forex, forex trading is a lucrative business for traders, but need realistic moves here. Its prominent to know the value of their losses. Correction in trading would give trader's consecutive better output and it will rise their trading accomplishment.
    Yes learning from our mistakes can make us a successful trader and ignoring our mistakes can make us a big loser. So it is in our hands and our attitude towards the losses. When we take our mistakes seriously we can overcome them and develop better trading methods and habits. This is the only way to get rid of our loosing stread and start earning profits from the Forex market.

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  9. #9
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    Before you move to trading with money start with demo. Play with different currencies, instruments. Understand what leverage is all about. See how spread is different for different forex pairs. Test different trading strategies. Of course, practice is most important but books will give you new ideas how you can trade forex. There are so many books about trading, that it is hard to recommend only few.

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