Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 1 of 5 1 2 3 ... LastLast
    Results 1 to 10 of 50

    Thread: You start praying when you have opened a wrong trade (part 3)

    1. #1
      MT5 Veteran
      I am:
      ----
       
      ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba has a brilliant future ajagbeolegba's Avatar
      Posts
      4,245
      Accumulated bonus
      829.63 USD (What is this?)
      Thanks
      1,394
      Thanked 1,518 Times in 827 Posts

      Default You start praying when you have opened a wrong trade (part 3)

      I like to be very professional in the market trading, and i am doing my best to get things done in the very way that will help me. With this, i am sure to know trading and follow my real ways of trading. I pray in the morning and night, but to pray again when traders open trade is no more necessary in forex business.


    2. FB
    3. #2
      It's time to retire!
      I am:
      Relaxed
       
      Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen has a reputation beyond repute Sixteen's Avatar
      Posts
      14,423
      Accumulated bonus
      3700.73 USD (What is this?)
      Thanks
      5,237
      Thanked 4,233 Times in 938 Posts

      Default

      Praying is good on your belief but prayers tends to work out well in a better action. You don't go about hurting yourself and praying you get healed instantly. What is expected of a trader who opened a wrong trade to immediately close it so they can retrace their mistakes and make a perfect trading that will help them.


    4. #3
      It's time to retire!
      I am:
      ----
       
      shoab chow has a spectacular aura about shoab chow has a spectacular aura about shoab chow has a spectacular aura about shoab chow's Avatar
      Posts
      18,985
      Accumulated bonus
      4141.13 USD (What is this?)
      Thanks
      48
      Thanked 256 Times in 233 Posts

      Default

      I do not think that we should keep continue to leave the trading positions which was opened wrongly. We should close the it as soon as possible to stay away all the confusions. I try to close the wrong trade quickly after I see that is entered wrongly. I think we should not just wait for the prayer and see if that can give us some profits, small mistake can destroy the whole account.


    5. #4
      MT5 Maniac
      I am:
      Fine
       
      NewBeginning is a glorious beacon of light NewBeginning is a glorious beacon of light NewBeginning is a glorious beacon of light NewBeginning is a glorious beacon of light NewBeginning is a glorious beacon of light NewBeginning's Avatar
      Posts
      2,992
      Accumulated bonus
      611.22 USD (What is this?)
      Thanks
      143
      Thanked 484 Times in 224 Posts

      Default

      Well most newbies may resort to this activity, they try to hold on to wrong trade and hope it becomes profitable before they close it, this is happening if you refuse to accept a loss, but the logical approach is that when you have a wrong trade you must close it right away to avoid bigger losses.


    6. #5
      It's time to retire!
      I am:
      Angelic
       
      harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir has a brilliant future harbir's Avatar
      Posts
      12,946
      Accumulated bonus
      2892.92 USD (What is this?)
      caught pokemons
      2 (What is this?)
      Thanks
      835
      Thanked 1,738 Times in 513 Posts

      Default

      Well if we open a wrong trade by mistake then I do not think that it's a wise decision to just start praying, it would be much better if you just close that trade and open a right one. If you let that trade to run then it would be just like growing your mistake. If I was at that place then I will just close that trade as soon as I realize that the trade is wrong.


    7. #6
      Forum VIP
      I am:
      Fine
       
      elssayed is a name known to all elssayed is a name known to all elssayed is a name known to all elssayed is a name known to all elssayed is a name known to all elssayed is a name known to all elssayed's Avatar
      Posts
      10,571
      Accumulated bonus
      2302.46 USD (What is this?)
      Thanks
      158
      Thanked 659 Times in 287 Posts

      Default

      no any thing can help us in this market because tis market is very risky and the lonely thing that can help us in it is the trading with low risk and stop loss because stop loss is the important thing that always stop our loss while our trading then we can compensate our loss easily without any problem but i see that forex is world wide business and we have to follow its rules to avoid the big loss


    8. #7
      FX Vampire
      I am:
      ----
       
      mephistophilis is on a distinguished road mephistophilis's Avatar
      Posts
      1,807
      Accumulated bonus
      328.46 USD (What is this?)
      Thanks
      18
      Thanked 28 Times in 21 Posts

      Default

      Yes in fact it is a wrong thing because the prayer will not help you because the foreex market is working on its on and you have to just follow the footsteps of successful traders. Once you have opened a wrong trade then you should only close it rather than doing other things which will increase your losses and anything that can be done in this regard is before opening the trade you can put in good analysis


    9. #8
      MT5 Maniac
      I am:
      ----
       
      forexhelper will become famous soon enough forexhelper's Avatar
      Posts
      3,675
      Accumulated bonus
      661.91 USD (What is this?)
      caught pokemons
      7 (What is this?)
      Thanks
      5
      Thanked 98 Times in 61 Posts

      Default

      After opening a wrong trade and good movement we see big loss quickly and we have nothing to do except praying.But our wrong decision lead us to bad situation.For this we need to open a trad after thinking deeply.Yesterday before the NFP many traders though that NFP result would come bad,but we saw good NFp news which moved the GBP/usd pair down.


    10. #9
      FX Zombie
      I am:
      ----
       
      saleemahmad is an unknown quantity at this point saleemahmad's Avatar
      Posts
      2,553
      Accumulated bonus
      481.52 USD (What is this?)
      Thanks
      3
      Thanked 2 Times in 2 Posts

      Default

      Yes it happens with me and after opening a wrong trade I start prying but I think with prayers there is a need of good money and risk management and getting a lot of knowledge for earning profit. I think a trader must pray from Allah Almighty and must trade positively.


    11. <a href=""> </a>
    12. #10
      Forex in the blood
      I am:
      Cool
       
      howtooceanfx is on a distinguished road howtooceanfx's Avatar
      Posts
      247
      Accumulated bonus
      36.90 USD (What is this?)
      Thanks
      2
      Thanked 10 Times in 7 Posts

      Default

      Praying is necessary in your good and healthy life. But praying is not working in your trading because trading is a game of mathematics and numbers. If you take the wrong decision you will bear the high loss and good decision gives you best reward. So keep on practice and learning about forex trading. Do not rely on prays during your trades.


    13. The Following User Says Thank You to howtooceanfx For This Useful Post:

      sasaran1 (03-26-2018)

    Reply to Thread
    Page 1 of 5 1 2 3 ... 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