Discipline Can Conquer Greediness?

[a b c d e f]

Amateurs, i.e. retail traders, almost always lose at Forex trading.

Currency markets, particularly the major pairs like EUR/USD are so heavily traded and so liquid that they are almost 100% efficient. This means you are flipping a coin each time you make a trade. Except, because of the spread, that coin is weighted against you.

One of the ways the "smart money" make profit is by exploiting amateur traders. Brokers will align their trades to high volume institutional transactions. Then there is the quantitative approach, which depends on serious computing power and armies of Phd physicists and the like. Then there is High Frequency Trading systems that depend on obscenely fast, and obscenely expensive, network infrastructure.

As an amateur, you are the guy getting fucked over by all these guys.

Good luck you will need it.

 

[tomosie]

That was surely a big bbig mistake sir, we have 24 hours a day to trade and do evaluation soon when we make a mistake. Do not ignore the risk, this is one factor that often make trader suffer. Too excited making profit will make them forget related with forex risk itself

Not doing evaluation on previous mistakes is first cause bankrupty on forex.

 

[kalex76]

yes we have to do proper back testing and also should check the previous mistakes so that loss will not visit much and the profit percentage will increase with time and like that we can be a successful trader.

 

[aqibFXmart]

it occurs when a trader can not improve the quality of trading. so they are always experiencing loss. but even better if we quickly learn a mistake. so we do not fall to same mistake.

 

[SanaFx]

it occurs when a trader can not improve the quality of trading. so they are always experiencing loss. but even better if we quickly learn a mistake. so we do not fall to same mistake.

We have to learn and adjust our trading so that we are getting a constant income from our trades. This is also important for us as we want to increase our earnings from this business

 

[kalex76]

Traders have to keep their mind very much positive always so that they can maintain the controlling of emotions and get rid of repeatative mistakes which can make our trading career a big loser

 

[carigentong]

In this wekeend we can start to make summary about our last trade in this week. See our biggest loss and see also our most profitable to maximized our potential in trading. When we see any mistake, then try to correct it fast

 

[Mr. Lucky]

They just lose because of there mere ignorance, they need to be have lots of knowledge, also they need to practice Demo without it they cannot yield much profit through it.

 

[novarisa]

They just lose because of there mere ignorance, they need to be have lots of knowledge, also they need to practice Demo without it they cannot yield much profit through it.

The were not aware of the risks, and also lack of analysis skills that makes them put any trading order without considering the risks itself.

 

[kalex76]

Traders should trade with evaluation of proper risk and should manage this factor well so that they can handle the trading market situation properly .

When we can understand the real principle of handling the risk ,we can be the winner instead of loser.