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

    1. #31
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      Default You start praying when you have opened a wrong trade

      Yes some time i did in my earlier time of trading. because that time my knowledge and experience was poor. But now in after three months of trading time now i did fundamental and technical analysis before placing any trade so now i able to understand this market movement. but in some times i too got loss. so in that time i fixed stop loss tools.


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    3. #32
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      Well, in my believe, which is Christianity we. Believe that there is nothing a prayer cannot do. But in this kinda situation. It will take lot of hard prayer for God to reverse the possible loss which we are likely to encounter. So this is why we need to analysis well so as to avoid going through such situations


    4. #33
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      Yes, this is true because forex trading has a great risk and we have to be very careful because any mistake may cost us a lot. For this I have called every trader to concentrate well and not to listen to his negative emotions because they can be a reason to take those Decisions and beyond can be very regrettable.


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      Benzone (03-13-2018)

    6. #34
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      I don't know about praying in Forex market. Because Forex market always follow technical analysis and fundamental so praying here will not give you good result i think. One should put more concentration on how to gather more knowledge and information rather praying for a better result. Do something that you don't need to pray after opening an order.


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      shyammandal (03-13-2018)

    8. #35
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      I have said it times without number to some traders that cares to know, it is wrong for you to be praying after you have opened the trade, it is late already, you should have tried to pray for God's guidance before you opened the trade, but after you had opened the trade, then, nothing could be done anymore. In this regard, i think that traders that are praying after they had opened the order are trying to curse the trader that took the opposite direction even when they are in the right trend. God can not be partial.


    9. #36
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      We are don't play with the trade we are the trader and we do deal with trade market and we do that with our knowledge. There are a lot of things we have to think before making any trade. As my first trade, i make a huge amount of profit and then I start losing now I am making again. I think that I can make again. I won't lose any trade.


    10. #37
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      Default You start praying when you have opened a wrong trade (part 3)

      If I would face a situation like this which is mentioned above. First of all I will control myself, relax myself than think the best possible solution to it. I would wait for the point where profit and loss is zero the break even point if price comes to it. It would be best thing I can have but If it didn't I would face loss by stopping it and than set it opposite I would not only gain profit but also cover by loss which I have faced.


    11. #38
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      We don't pray for wrong trading . When we know that our opened trade is wrong and that will give us loss then suddenly we close the trade so that we can protect our capital money and help us for next trade . We don't allow to run the trade in opposite trend of market because that will be too much risky . Sometimes due to these mistake trader are getting margin call point also .


    12. #39
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      Prayer is good because it is a means of invoking Higher Beings in directing oneís activities. However, there are some things that donít require prayer but your immediate action.

      When a trader has ascertained that s/he had made a mistake in wrong execution of a trade, the best thing is to take a reverse action rather than praying for divine intervention. Here, it is your immediate action that is needed, not your praying lifestyle.
      BE WEALTHY IF U WANNA BE !
      BE WRETCHED IF U CHOOSE TO BE !!

      THE CHOICE IS YOURS !!!


    13. #40
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      Prayer is good,but it is important not to get God wrong.Heaven help those who help themselves,so they say. In this context, no amount of prayer will fetch you profit unless you get it right through much learning and adequate knowledge quest.


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