You are your greatest enemy in forex trading
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Thread: You are your greatest enemy in forex trading

  1. #1
    Registered user Dheeraj123's Avatar
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    You are your greatest enemy in forex trading

    According to me these are the greatest enemy in forex of every trader lack of knowledge, lack of experience, emotion and greed, lack of patience, lack of risk management and money management what you want to say about it share your opinion with me and other.

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    Yes is true that you are your greatest enemy in Forex trading.As it totally depend on us how we trade and what earn.If we don't try to learn and gain knowledge we will never earn profit from this business.If we do not control our feelings of greed and emotions we will never get success in this business.So,if we are losing its just because of us.

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    I totally agree with you on the fact that you as a trader defines your level if success and failure ,most traders think if they lose its because the market is being manipulated to the disadvantage of traders, but looking at it from a realistic point of view traders lose because of there lack of preparedness and there lack of experience on how to understand the currency market,and it doesn't just stop at having experience it also involve discipline to enable you as a trader apply what you've learnt.

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    Yes sir you are very correct if we can manage to control our emotions and greed have patience while trading and at the same time self discipline to follow the basics of this business by money management and risk rewards ratio then we can get success for sure with slow but steady growth.

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    we came to forex trading with intention, ambition, emotion, dreams , hope and etc, and all of them will affect us to reach the goals and even some of them as the biggest obstacle like the ambition and emotion, and almost all of them are daily habit which we brought with automatically, and so here is our hardwork right now, we need to control and make them stable

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    We have many problems and mistakes so then we lost money so if we will control on our mistakes then we will earn money and then will be able for good earning.. some peoples are coming in this business without proper learning, and trying large earning and etc...

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    Forex market is all about buying at lower level and selling at higher level or vice versa to make profit, but how to know the exact level fr entry and exit is most important. SO trader need to learn from very beginning about basics, if you are not reading carefully then you are loosing opportunity to make money.
    SO learn properly and control your own emotion and enjoy the profit in Forex market.

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    Forex trading can be an enemy because the enemy minds , I believe that the ability to promote its own merits in achieving success can not be achieved so proper planning for the enemy to be a friend I do not believe Forex Forex blame yourself if you fail , do not just for him to prove his eligibility . So tell all your friends want to prove yourself, will benefit from the opportunities in the Forex market , where the dreams and see the beautiful life .

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    To some extent it is true that our less trading skill and knowledge are the greatest enemy of our profitable trading. With the less trading skill and knowledge we are not able to continue better trading and thus we are facing loss for which we are blaming forex trade. But we need to gear-up our trading skill and knowledge.

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    We can't blame forex trading business or any person to our loss in forex its because of our bad trading style we are loosing our money in forex so you are saying right sir we need a very good recovery here by following proper trading practice and learning otherwise we will loose money always

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