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Thread: What methods will be used for trading

  1. #11
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    One main advantage of Forex is we are our own boss and does not work under anyone like a normal job. It is good to be the boss of oneself. However, traders should beware that they get another boss in this business which is emotion; traders must train themselves to free themselves from bad emotions. It is really necessary.

  2. #12
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    dear @SuccessfulKartik

    the emotion became a ghost for every traders , because it will appear or come up in every situation and traders did not realize it before get some problems in hands, so you are right about it, traders need to know themselves, and will make them understand to control the emotion, and we can do it with only take learning and practicing

  3. #13
    Quote Originally Posted by newentry View Post
    dear @SuccessfulKartik

    the emotion became a ghost for every traders , because it will appear or come up in every situation and traders did not realize it before get some problems in hands, so you are right about it, traders need to know themselves, and will make them understand to control the emotion, and we can do it with only take learning and practicing
    The methods which the traders use is dependent upon the traders trading style and knowledge related to the forex trading business. Thus, one should always never forget that they achieve what they put in. It is very much necessary for all the traders that they put in their best effort while trading in the forex market such that making good gains becomes possible for the traders.

  4. #14
    Quote Originally Posted by SuccessfulKartik View Post
    One main advantage of Forex is we are our own boss and does not work under anyone like a normal job. It is good to be the boss of oneself. However, traders should beware that they get another boss in this business which is emotion; traders must train themselves to free themselves from bad emotions. It is really necessary.
    you have to learn all of its requirements and then only you can earn much from the market. If you only aim for earning quick money then you will be remained only with loss and nothing else. Forex is way to make money if you have your profitable trading strategy and the required experience to take decisions impromptu. Though forex is a quick way rich business, all you need to have is the good strategy with the money management and the ability to take calculated risks.

  5. #15
    Quote Originally Posted by newentry View Post
    dear @SuccessfulKartik

    the emotion became a ghost for every traders , because it will appear or come up in every situation and traders did not realize it before get some problems in hands, so you are right about it, traders need to know themselves, and will make them understand to control the emotion, and we can do it with only take learning and practicing
    HAHA.... that's funny. But I strongly agree with your opinion, it is a reality. Emotions can appear suddenly in certain situations, especially when we get high pressure psychologically. Sometimes we always think to be able to avoid emotion when we will begin trading activity, but then we got stuck in emotions when we get bad situations in our trading activities.
    If you lose, be patient. If you win, stay humble

  6. #16
    Quote Originally Posted by rinaji View Post
    HAHA.... that's funny. But I strongly agree with your opinion, it is a reality. Emotions can appear suddenly in certain situations, especially when we get high pressure psychologically. Sometimes we always think to be able to avoid emotion when we will begin trading activity, but then we got stuck in emotions when we get bad situations in our trading activities.
    Since there is involvement of real hard earned money in the forex trading business, there are all chances that one may have to worry because of the trades being taken due to the emotional impact on the trades taken. Methods used should be based on logical reasoning and technical thoughts given to take up the best and highly potential trade to make some good gains.

  7. #17
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    Quote Originally Posted by SuccessfulKartik View Post
    One main advantage of Forex is we are our own boss and does not work under anyone like a normal job. It is good to be the boss of oneself. However, traders should beware that they get another boss in this business which is emotion; traders must train themselves to free themselves from bad emotions. It is really necessary.
    This is true that we are our own boss, but don't you think that if you want to be your own boss, then you need to invest that much money which can produce good monthly income with least risk, for example, if someone is making only 20% of his capital per month then what amount should be invested and how much amount he needs for his monthly expenses, talking that be your own boss is looking good, but reality is different.

  8. #18
    Quote Originally Posted by Ashviniurs View Post
    Since there is involvement of real hard earned money in the forex trading business, there are all chances that one may have to worry because of the trades being taken due to the emotional impact on the trades taken. Methods used should be based on logical reasoning and technical thoughts given to take up the best and highly potential trade to make some good gains.
    Traders need simple strategy because simple strategy can help control your emotion and easy to use and it is really good for the beginners specially and traders can understand simple strategy to use. It includes a healthy trading, using the money management should also be fine, because its essence is money management. use money management is not more than 10% of the capital good in my opinion.

  9. #19
    It is good to understand hugely about forex trading and use only simple strategy to work with you to build a profitable account, because the best ways to understand things what we do is to become master in our filed and keeping simple things, since forex trading is a simple business need simple ways to build success in intelligent ways, and that case we are not falling into gambler individual only knows is o trying to predict the market without proper plan and consistent strategy.

  10. #20
    We all know that learning will give us knowledge and skills to earn money with Forex. You have to show commitment and willingness to learn by doing your own part and then be able to come up with exactly where you need help. That way,you will also be able to recognize the help when it is given!

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