7 Bad Habits Which Burning You, Need To Quit !
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Thread: 7 Bad Habits Which Burning You, Need To Quit !

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    7 Bad Habits Which Burning You, Need To Quit !

    As you know that none of us want to be a loser into the Forex market. But there always something wrong either with us or trading style or in anyhow something we lack about the trading.

    Here are seven such things I have concluded which are really a trader need to know , so in future may be possibility of more suitable results.

    1. Poor/Wrong Money Management : Anyone of you have ever experience the account washout I mean whole money from trading account vanish(99%) will say yes !! and if not then you are lucky. But this is always has been even a person who is making a successful trading once experience this thing !.

    Remember Those sleepless nights and loss of appetite. Yes once you experience such situation after that you start thinking I will not do this mistake again , I will learn from my mistake , I will use this or that or etc , mostly traders start focusing to use the 'stop losses' and start Get Stopped and yeah this is true !
    Because Bad trades are always ready to eat your account and make you a poor trader !

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    lets beging with new Subject :
    2. Records Of Trades: Do you know what you have done in last week or last month or lets say a few past trades? Do you really be aware that what is mostly draw down ( Negative Pips Floating) before Positive Floating , green pips start crediting in your Account ! and further do you know what was the market pattern, chart setup !!
    Well if you are not saving the chart , before you the trades execute along with arguments and making a spreadsheets of trades, then most likely you will expose to the losses I mean yeah failure!
    Therefore I want to say that always take the screen shots rather you miss a trade or even taken it or let says even you deny to trade , all screen should need to be in your bundle in your Ms Office or Note pad or in any form you can save it .
    So lets manage the time after that lets say in evening of Sunday or Saturday take your cup of tea or lets say suppose you use to be coffee, take and start analyzing the trades you have done , identify your mistakes , see pattern , more focus losing trades and find out the reasons.

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    3. Desire to Trade:
    The urge to trade , that is major problem of the all beginner trades in this market.
    Or we may can referred it also like a biggest challenge, The endless desire of making profit , or try to be honor of each pip movement , make the our life full of enjoy or we start creeping at the end which most likely happens in this market.
    So therefore I want to recommend here a Trading Plan, which tell us a trader his/her limit , show your goals, Every trade you take mark it down as "Impulse" if it didn't meet your trading plan. And Now Do not forget the rule number 2 , why because it will help you to know that those trades which were taken on the base of desire , by breaching the discipline where have lead yourself !

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    4- Changing Trading System:
    Did you notice that are you a victim of always looking for another trading system? Daily you are trying to learn this or that system , visiting different sites , buying system and visiting the forums etc ? Well probably all of the system may works but the creator of the system always knows system better rather than us ? But yes if system is good then it means they works but if you are losing still and calling ops the system is not working good well its just like hiding you laziness and denying from the reality !

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    5- Buying Robots
    Did you ever visit or even typing in google a good trading EA , and visit a website and its promising you try this we ensure it will works , take a long breathe and thinks about a fact that if the system they are trying to selling works then why not they grab money from the market !
    There are even companies will put a fake statement because all of us know that the statement always editable so what's they promise 2000% and at the end we found more than that lost money ! ah , but yeah this is true at least
    Before you put another money into the system which based on nothing rather then your attraction of the traders

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    6.Marrying Trade
    You should admit one thing place the stop losses and if market not for you get the stopped , because if you still rely on the word of the hope and still adding more already minus floating position do you think profit will comes out ! it's jus gonna be marrying the trade syndrome , don't do that be a good guy and accept the losses and after that plan for the recover

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    7. Reverse and Trade in Opposite Direction
    Do not shy to tell this reality because mostly all of us try to do this thing and ended with the always results which we never ever want !
    It is only happens due to the lack of the confidence but stop again think about one thing you have make a plan and now if it is not working then why deviating from your good method , have you test your plan at the demo before placing it at the real account !

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    while going further with forex market, you should equip yourself with complete knowledge of forex and wipe out other business.
    Good Luck and Keep Trading !!!

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    The most important and often times makes us messed up in this trade is when we do trade with forerx when it was one of the analysis in this trade then this will allow us to easily suffer in this trade for money management mistakes will lead to how you trade bad in this business as greed and so on

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    Quote Originally Posted by RASTA View Post
    The most important and often times makes us messed up in this trade is when we do trade with forerx when it was one of the analysis in this trade then this will allow us to easily suffer in this trade for money management mistakes will lead to how you trade bad in this business as greed and so on
    greed in my opinion the most deadly virus to all the good traders are still new bie and that has been pro ... to avoid greed we should have a more dominant activity in comparative chart is always open :)

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