Invest in Forex conservatively and not fearlessly
Page 1 of 33 1234511 ... LastLast
Results 1 to 10 of 324

Thread: Invest in Forex conservatively and not fearlessly

  1. #1
    Rookie
    Join Date
    Mar 2013
    Posts
    3,947
    Promo (¢)
    0
    Thumbs Up
    Received: 216
    Given: 113

    Invest in Forex conservatively and not fearlessly

    I have heard many people feel that fear is a bad emotion that brings failure while fearlessness is the virtue that can make a trader successful in Forex. But I do not feel that Forex is the proper place where the trader needs to be courageous or fearless.

    Fearlessness can cause your more losses than fear will Trading fearlessly will result in ignoring the rules of risk management. It may even amount to a trader not considering the risk he takes in trading and the consequences of getting a loss. Ignoring risk is never the solution but managing risk is.

    Invest conservatively and not fearlessly : Forex is a risky business and being cautious does not mean the trader fears loss. Moreover loss is an unwanted item for traders. Trading conservatively is risking what we can afford losing and following money management.

    Fear to some extent keeps greed away : Do you agree with me if I say fearlessness can give rise to aggressive trading. Aggressive trading provides perfect conditions for greedy trading? Please think for a while some fear is always beneficial for the trader.

    Lastly I do not mean the trader should be afraid that he can barely make any trade. otherwise he will not be able to earn anything even if he has got knowledge. He will only move timidly towards failure.

    Not allowed!

  2. #2
    Rookie
    Join Date
    Aug 2013
    Posts
    3,038
    Promo (¢)
    660
    Thumbs Up
    Received: 84
    Given: 81
    That is trading with caution does not imply that we are trading with fear. Caution is very much needed in the field of Forex or if we trade aggressively in the name of fearlessness or courage we will soon find ourselves in big losses. We should as a basic rule invest only what we can afford to lose and this is what risk management is.

    Not allowed!

  3. #3
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,461
    Promo (¢)
    0
    Thumbs Up
    Received: 321
    Given: 542
    That's why its better to concentrating on learning first, but if anybody will take forex as a very risky field and will think negative about this business then I don't think that he or she will able to gain good knowledge and experience in forex. We all have to learn well about each term of this business very well only after that we should start our real trading in forex

    Not allowed!

  4. #4
    Rookie
    Join Date
    Mar 2013
    Posts
    3,947
    Promo (¢)
    0
    Thumbs Up
    Received: 216
    Given: 113
    Quote Originally Posted by forexfighter007 View Post
    That is trading with caution does not imply that we are trading with fear. Caution is very much needed in the field of Forex or if we trade aggressively in the name of fearlessness or courage we will soon find ourselves in big losses. We should as a basic rule invest only what we can afford to lose and this is what risk management is.
    Trading with caution just mean trading wisely or prudently. But sometimes people trade reckless and that is what they consider trading fearlessly. We are the ones who bears the loss and also who take the profits. So trading with good planning and analysis will benefit us and help us to exploit this business for a long time.

    Not allowed!

  5. #5
    Registered user
    Join Date
    Feb 2013
    Posts
    6,143
    Promo (¢)
    75
    Thumbs Up
    Received: 124
    Given: 69
    Quote Originally Posted by PROPENSITY100 View Post
    Fearlessness can cause your more losses than fear will Trading fearlessly will result in ignoring the rules of risk management. It may even amount to a trader not considering the risk he takes in trading and the consequences of getting a loss. Ignoring risk is never the solution but managing risk is.
    What will happen to your life is anything that you focus on. If you are too be fear in forex trading. Actually your mind attracts the universe to make your order get loss. If your mind is just thinking the potential profit then your mind attracts the universe to give you potential profit. It is fact.

    Not allowed!

  6. #6
    Rookie
    Join Date
    Mar 2013
    Posts
    3,947
    Promo (¢)
    0
    Thumbs Up
    Received: 216
    Given: 113
    Quote Originally Posted by aris90 View Post
    What will happen to your life is anything that you focus on. If you are too be fear in forex trading. Actually your mind attracts the universe to make your order get loss. If your mind is just thinking the potential profit then your mind attracts the universe to give you potential profit. It is fact.

    I do not understand clearly what you meant. What we expect or what we do not expect does not have any influence on our trading outcome. The market keeps moving and it will move on undeterred by what we expect or whether we are in profits or appraching a stop out. We need to move according to the market.

    Not allowed!

  7. #7
    Registered user
    Join Date
    Feb 2013
    Posts
    6,143
    Promo (¢)
    75
    Thumbs Up
    Received: 124
    Given: 69
    Quote Originally Posted by PROPENSITY100 View Post
    I do not understand clearly what you meant. What we expect or what we do not expect does not have any influence on our trading outcome. The market keeps moving and it will move on undeterred by what we expect or whether we are in profits or appraching a stop out. We need to move according to the market.
    Do you have ever read the book "The Secret"? In those books, tells that people will get anything in their life to something that people focus on. Just an example, trader in forex trading enter the market and make the order sent, but after order sent, trader too be worry to get loss. Being thinked of loss. FOcus on loss not focus on the profit. So trader get the real loss.

    Not allowed!

  8. #8
    Rookie
    Join Date
    Dec 2013
    Posts
    621
    Promo (¢)
    0
    Thumbs Up
    Received: 2
    Given: 0
    Fear will not help you to make any advancement , in general , you need to trust this market , Forex is giving you a big chance and another way to make big income as trader but the most important thing is to make this happen , in other words it depends from you , so don't have a vision full of fear and non knowledge and absence of experience.

    Not allowed!

  9. #9
    Rookie
    Join Date
    Mar 2013
    Posts
    3,947
    Promo (¢)
    0
    Thumbs Up
    Received: 216
    Given: 113
    Quote Originally Posted by aris90 View Post
    Do you have ever read the book "The Secret"? In those books, tells that people will get anything in their life to something that people focus on. Just an example, trader in forex trading enter the market and make the order sent, but after order sent, trader too be worry to get loss. Being thinked of loss. FOcus on loss not focus on the profit. So trader get the real loss.
    Focusing on something may motivate us to achieve that thing. But other factors also have key role to play. How about "we get what we deserve and not what we want". So I think besides focusing on profits the trader should also posses the skills to make profits. Otherwise all traders with high expectations and also greedy traders would have been successful.

    Not allowed!

  10. #10
    Rookie nsawork's Avatar
    Join Date
    Aug 2013
    Location
    India
    Posts
    777
    Promo (¢)
    1,973
    Thumbs Up
    Received: 143
    Given: 162
    Quote Originally Posted by PROPENSITY100 View Post
    Focusing on something may motivate us to achieve that thing. But other factors also have key role to play. How about "we get what we deserve and not what we want". So I think besides focusing on profits the trader should also posses the skills to make profits. Otherwise all traders with high expectations and also greedy traders would have been successful.
    When we are trading we always have high expectations from the Forex markets. This means that if we are having the right kind of trade with us then it will also become more easier for us to use those trades and get good profits. Our income will only be limited by the risks that we take and the Forex trading skills that we have so acquired in the process.

    We must refrain from doing such type of trades that are done with the intention of making more money then is really possible and this is also important for us to know the down-sided risks that are present in our trades

    Not allowed!

Page 1 of 33 1234511 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •