Bidyut's Trading Journal

[786pk]

Calculating proper risk level is mandatory in Forex trading infact you can get success without it properly so you must develop a proper money management plan by yourself and you must need to follow the rules set by you because if you avoid these things then you face a huge problem in near future!

[shahidmehmopd]

Calculating proper risk level is mandatory in Forex trading infact you can get success without it properly so you must develop a proper money management plan by yourself and you must need to follow the rules set by you because if you avoid these things then you face a huge problem in near future!

Yeah it's essential to evaluate ourselves by calculating proper risk level according tp your money management. No doubt the good profit attract but at same time if we forget our rules then may lose some of capital due to greed of more profit by not setting SL or enlarging our SL for the reversal of market trend.

[harbir]

Calculating proper risk level is mandatory in Forex trading infact you can get success without it properly so you must develop a proper money management plan by yourself and you must need to follow the rules set by you because if you avoid these things then you face a huge problem in near future!

Yes you are right that it is very important for us that we follow all the rules of the Forex trading business because without that we will struggle a lot here and to be able to successful in Forex we need to go step by step following all the rules and the parameters which are said to be followed at all the times and this is why it is so important for us.

[bocahedan]

Yes you are right that it is very important for us that we follow all the rules of the Forex trading business because without that we will struggle a lot here and to be able to successful in Forex we need to go step by step following all the rules and the parameters which are said to be followed at all the times and this is why it is so important for us.

Yeah,we need to follow all trading rules in order to get success in forex and to be able to do that,we need to keep up our discipline. We can become more discipline,if we have a good self control,by having a good self control we can avoid getting controlled by greed and emotion when we are trading.

[penuelophir]

Yeah it's essential to evaluate ourselves by calculating proper risk level according tp your money management. No doubt the good profit attract but at same time if we forget our rules then may lose some of capital due to greed of more profit by not setting SL or enlarging our SL for the reversal of market trend.

The first thing I believe that most of us should be doing when we started trading is to develop an effective trading system and once that is done then making sure that you always stick with good money management is the next thing in line because it is the backbone of successful forex trading! Since I changed my mindset about using high trading lot then my trading experience have changed and I am not making good trades without being disturbed by emotions!

[Honey Bee]

Yes you are right that it is very important for us that we follow all the rules of the Forex trading business because without that we will struggle a lot here and to be able to successful in Forex we need to go step by step following all the rules and the parameters which are said to be followed at all the times and this is why it is so important for us.

Their is no restriction in forex of making profit we will earn unlimited which we can earn according to our knowledge and experience, their is no difficult rules applied in this business we can start will small amount and take this business seriously then in few month we will makes a good monthly profit from this business.

[simisola]

Learning are in different categories,we have the theory were all you do is to make sure you read as many materials as possible and watch videos,then the practical part involves putting what you have learnt into good practice,that is the part were you need the demo account or the cent account as some will prefer to practice all that you have learnt and to perfect your trading strategy.

The practical aspect is where many of us make the greatest mistake in the market, we have the head knowledge about what we are supposed to do in certain circumstances but when the opportunity comes, we find ourselves doing something completely different which is why we may not become professional even though that is what we truly want.

[loveyo]

Their is no restriction in forex of making profit we will earn unlimited which we can earn according to our knowledge and experience, their is no difficult rules applied in this business we can start will small amount and take this business seriously then in few month we will makes a good monthly profit from this business.

Agree with you dear sister Honey Bee and it's true their are no limit earning in Forex business because anybody can get unlimited profit from Forex. I think making profit from Forex not so easy but possible in we hard work, achieve good skills, experience, get proper knowledge, proper analysis, follow good money management and discipline on trading then we may success and get good profit from Forex market other wise we face loss that's true. Thank you.

[Neriah]

They say that practice makes perfect, if this is true then we know that the forex market is where this is very important, we cannot gain much experience from this business in the absence of spending enough time to understand the chart and our system, we won't become successful if we are always in the search for a short cut to earning.

[Leonvic90]

There is a limitation to our achievement from the forex trading business as long as we refuse to practice, we will become professional through the effort that we take to stand in front of the computer and learn about our strategy, once we don't do this, there are many things that are likely to elude us as we trade.