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    Page 165 of 192 FirstFirst ... 160 163 164 165 166 167 170 ... LastLast
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    Thread: RSI, ZigZag in D1 Time Frame

    1. #1641
      Forex in the blood
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      Quote Originally Posted by ola4real View Post
      It is so bad for traders to be having mistakes, but when they are mistaken, it is not still bad, it is one of the things we will be facing as the traders of the forex. In the money the trader starts to correct it, that is good, that is what we want, we do not want to be glorying in the bad things like mistakes, it will cause further mistakes and lack of seriousness for us. Forex traders have to be fit to correct their wrongs, and if possible let them have the journal that will be the corrective power to put traders aright.
      In forex we can't say that we are 100 % sure about our predictions and market will move in same direction. When we bear a loss we consider the same as mustake which is not good at all. However we may try to avoid trading in such circumstances in which we failed to achieve our desired targets after practicing 2 or 3 times.

    2. The following 11 users say Thank You to shahidmehmopd for this useful post.

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    4. #1642
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      Quote Originally Posted by harbir View Post
      Yes you are right that repeating the mistakes is the major problem here and this is over what we need to take control. Everybody makes mistakes but the person who is able to minimize his mistakes is the one who can become successful here. And I think it is not just about the bonus account even with our own money we make the same mistake again and again which is a big problem.
      It is not wrong to be wrong rather it is wrong to continue been wrong. When a trader makes a mistake that caused him much and even led to a margin call he should learn from such scenario and make sure something like that doesn't happen again when he's back into the live market for this would surely make him better off than before and gradually gain consistency in the market first then with time, learning and practicing he would start making consistent profit, forex business is best taken one step at a time.

    5. The following 5 users say Thank You to Oriakhiebillz for this useful post.

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    6. #1643
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      Quote Originally Posted by shahidmehmopd View Post
      In forex we can't say that we are 100 % sure about our predictions and market will move in same direction. When we bear a loss we consider the same as mustake which is not good at all. However we may try to avoid trading in such circumstances in which we failed to achieve our desired targets after practicing 2 or 3 times.
      Nobody can accurately predict the movement of the forex market because it is not predictable, you may do your analysis and think that market would go that way but sometimes we can just see something that we did not expect happening, the reason why we should be careful and apply money management all the time, even when we don't use stop loss, we should observe the market well to know where to exit.

    7. The following 8 users say Thank You to Oghale for this useful post.

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    8. #1644
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      Quote Originally Posted by Oghale View Post
      Nobody can accurately predict the movement of the forex market because it is not predictable, you may do your analysis and think that market would go that way but sometimes we can just see something that we did not expect happening, the reason why we should be careful and apply money management all the time, even when we don't use stop loss, we should observe the market well to know where to exit.
      The reason for proper analyzing is to see we have what it takes to build up good signal which we can profit from. A trader must not expect every of his predictions in this market to become successful rather they must work on improving and ensuring that more wins are made more than loss. Forex is risky and the best way to follow this trade is constant learning and good money management in the best way.

    9. The following 9 users say Thank You to Sixteen for this useful post.

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    10. #1645
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      Quote Originally Posted by harbir View Post
      Yes you are right that repeating the mistakes is the major problem here and this is over what we need to take control. Everybody makes mistakes but the person who is able to minimize his mistakes is the one who can become successful here. And I think it is not just about the bonus account even with our own money we make the same mistake again and again which is a big problem.
      Yes if we keep on repeating those mistakes then surely we will not be able to see the desired results in our business so in order to prosper we should be humble and try not to repeat the past mistakes otherwise we will fail.

    11. The following 10 users say Thank You to zahidmehmood for this useful post.

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    12. #1646
      Forex in the blood
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      Quote Originally Posted by Sixteen View Post
      The reason for proper analyzing is to see we have what it takes to build up good signal which we can profit from. A trader must not expect every of his predictions in this market to become successful rather they must work on improving and ensuring that more wins are made more than loss. Forex is risky and the best way to follow this trade is constant learning and good money management in the best way.
      In short we can say that this business needs a lot of practice even than you are trading from number of years then at any new entry you try to understand this your first entry. Any thing can happen against you or in your favor but you should never leave the habit of practicing with proper money management.

    13. The following 7 users say Thank You to shahidmehmopd for this useful post.

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    14. #1647
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      Quote Originally Posted by shahidmehmopd View Post
      In forex we can't say that we are 100 % sure about our predictions and market will move in same direction. When we bear a loss we consider the same as mustake which is not good at all. However we may try to avoid trading in such circumstances in which we failed to achieve our desired targets after practicing 2 or 3 times.
      This is true. There are no possible to make 100% predication. Everyone can be success if it can possible. But If we always fear during entry on the market for our predication then we will not be success. But i see by following good money management we can feel more comfortable during every deal making. Who can't follow money management he always fear. Because he know market can be change his direction at anytime and if it happen then he can loss big money. But who have good money management he don't care about this.

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    16. #1648
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      We cannot continue doing something the obviously way end up making is lose consistently, there are traders that are just enshrined in gambling and as long as this continues, it will be absolutely impossible before they can earn always, they may earn a few dollars that won't be sustainable, that kind of mindset is always bad for our career.

    17. The following 7 users say Thank You to Leonvic90 for this useful post.

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    18. #1649
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      Quote Originally Posted by Leonvic90 View Post
      We cannot continue doing something the obviously way end up making is lose consistently, there are traders that are just enshrined in gambling and as long as this continues, it will be absolutely impossible before they can earn always, they may earn a few dollars that won't be sustainable, that kind of mindset is always bad for our career.
      We ought to first see forex trading as a long term career business, with this kind of mindset we can actually go about forex the right way and not to gamble in the market, it's a slow and steady wins the race business, there is no short cut to becoming a professional and a successful trader for if we rush the market and be aggressive we would be rushed out of the market by getting a margin call.

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    21. #1650
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      Quote Originally Posted by Sixteen View Post
      The reason for proper analyzing is to see we have what it takes to build up good signal which we can profit from. A trader must not expect every of his predictions in this market to become successful rather they must work on improving and ensuring that more wins are made more than loss. Forex is risky and the best way to follow this trade is constant learning and good money management in the best way.
      As a trader if we just consider random things and learning material then we can develop some of things but we cannot make ourself a good winner who can manage all well. Instaed of that if trader make a learning plan and follow that plan then he can perform well and can get all the necessary skills which are required to trade in this market.

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