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    Thread: I ain't giving up on consistency

    1. #2041
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      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      Definitely mate. Locking is also an art in itself, do it too quick and you lose a good profit potential do it too late also lose a good profit potential. I guess it also comes with experience because there is really no telling how far and how quick the market will go into one direction.

      GU moves fast and that's why many trader love it though it can be scary for the new trader. I usually recommend EU for new traders due to the more calm nature.
      I am still yet to fully learn how to lock profit at the right time, I get too carried away with my trades sometimes, I see a trade playing out and I am like it will keep up the work it is doing, I think it has something to do with emotional problems though, I really do envy those that have already mastered when exactly to lock in profit, maybe because I am mostly engaged in day trading and it doesn't appeal to my sense of judgement yet, we keep learning in forex until we become more better.

      My Trading Journal: ~~~My RSI AND 200 EMA Combo~~~


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    4. #2042
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      Quote Originally Posted by penuelophir View Post
      Wow! GhostMode is it illegal to invest huge amount of money at once in trading? I think we are allowed to trade in any direction that we so desires and it does not matter what any other persons thinks, because it is our money. Anyways, that is what regulating might be doing to preventing some individuals from causing problems for the governments.
      It is illegal for 10 Forex fund companies who have a total capital of 300 Billion Dollars to meet and discuss and choose a time for all of them to open for example - Buy Order On EUR/USD. Doing this can drive the EUR/USD to buy direction and thus they all make sure profits.


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    6. #2043
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      Quote Originally Posted by simisola View Post
      I am still yet to fully learn how to lock profit at the right time, I get too carried away with my trades sometimes, I see a trade playing out and I am like it will keep up the work it is doing, I think it has something to do with emotional problems though, I really do envy those that have already mastered when exactly to lock in profit, maybe because I am mostly engaged in day trading and it doesn't appeal to my sense of judgement yet, we keep learning in forex until we become more better.
      This is the reason all traders will continue to learn each day with each new trading experience encountered. Sincerely speaking based on my trading knowledge and experience nothing is guaranteed in this trading business not the locking technique as well, I will only say it is better to stick to what you know best.


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    8. #2044
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      I saw was that uj ended with 108.77
      Actually the uj pair upward direction would start from the 106 region but till now me seeing some downfall here ,we saw last week that the pair touched to the 108 level ,Near the 106 region we can long the pair for the above said region .


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    10. #2045
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      Quote Originally Posted by fembizz View Post
      This is the reason all traders will continue to learn each day with each new trading experience encountered. Sincerely speaking based on my trading knowledge and experience nothing is guaranteed in this trading business not the locking technique as well, I will only say it is better to stick to what you know best.
      Most of the time we have to depend on the luck but if we try to trade with proper discipline then we can easily gain consistant income from our trading. For that we must have to stick to the basics of the forex trading and always be conscious about the rules and money management so that we will not lose money but gain money from the trading. So ultimately it is the greed which we have to avoid then we can improve our trading performance.


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    12. #2046
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      Quote Originally Posted by nikhil_rrane View Post
      Most of the time we have to depend on the luck but if we try to trade with proper discipline then we can easily gain consistant income from our trading. For that we must have to stick to the basics of the forex trading and always be conscious about the rules and money management so that we will not lose money but gain money from the trading. So ultimately it is the greed which we have to avoid then we can improve our trading performance.
      You are right mate, we can not avoid luck. But we can apply our best approach in this market. If you worked hard and gather knowledge and experience then utilize it in a discipline way luck may favore you.
      If you invest your time, effort, money in a efficient way you never be a loser. Sometimes you maybe faced some problem but finally you can able to overcome these problem.


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    14. #2047
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      Quote Originally Posted by Kalex View Post
      Actually the uj pair upward direction would start from the 106 region but till now me seeing some downfall here ,we saw last week that the pair touched to the 108 level ,Near the 106 region we can long the pair for the above said region .
      What you think right now? will it go down more or not? I think currently it will try to go up and will be break 110 level again, if it will break this level again then i will go for long in this pair, currently i am just monitor this pair and trying to avoid trade in this pair.


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    16. #2048
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      Quote Originally Posted by sali View Post
      You are right mate, we can not avoid luck. But we can apply our best approach in this market. If you worked hard and gather knowledge and experience then utilize it in a discipline way luck may favore you.
      If you invest your time, effort, money in a efficient way you never be a loser. Sometimes you maybe faced some problem but finally you can able to overcome these problem.
      So much time is been wasted depending on luck and that's why it's very hard to see good traders making good profits for themselves in forex. Blind trading is very risky and this is truly going to make us loose in an unexpected means that we won't like. We must take time in managing loss and we must build our skills so we can make great effort to make good trading. Consistency matters in forex and we all know that we can't be consistent with luck.


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    18. #2049
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      Quote Originally Posted by Sixteen View Post
      So much time is been wasted depending on luck and that's why it's very hard to see good traders making good profits for themselves in forex. Blind trading is very risky and this is truly going to make us loose in an unexpected means that we won't like. We must take time in managing loss and we must build our skills so we can make great effort to make good trading. Consistency matters in forex and we all know that we can't be consistent with luck.
      That time has to be spent on building the right trading skills and experience. Forex trading is far from being a casino kind of business and any one depending on luck from it will keep on getting so much loses. The best thing is to take the learning seriously. Build a good trading strategy and earn with using little lots.


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    21. #2050
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      Quote Originally Posted by Kalex View Post
      Actually the uj pair upward direction would start from the 106 region but till now me seeing some downfall here ,we saw last week that the pair touched to the 108 level ,Near the 106 region we can long the pair for the above said region .
      Upward or downward? I also think that the pair is at support now, so we will likely see some noise on the chart now before we see any serious movement, in support or resistance breakout on the chat. So, now I think the best thing that traders has to do is to wait for breakout to make a decision.


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