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    Page 186 of 210 FirstFirst ... 181 184 185 186 187 188 191 ... LastLast
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    Thread: Bidyut's Trading Journal

    1. #1851
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      Quote Originally Posted by Oriakhiebillz View Post
      This is a common mistake usually made my small traders, they tend to always force the market wanting to trade all the time and see if they can make profit, forex trading business should not be run that way and those that engage in such act always end up struggling with losses. As a trader you must be strategic, you mustn't trade all the time rather you trade only when you see a good opportunity and your system has confirmed the entry, this way you can manage your account properly and see it grow bigger.
      very well said brother . in other word let the market to chase after you not the opposite . actually , those mistakes are often made by newbies but at the same time we can not deny that those are very common mistakes; i mean we are all exposed to 'em .
      so once we have our own strategy , the strategy that we can really depends on , then we start to minimize the number of mistake for a better trading experience .

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    4. #1852
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      Quote Originally Posted by sniper2050 View Post
      very well said brother . in other word let the market to chase after you not the opposite . actually , those mistakes are often made by newbies but at the same time we can not deny that those are very common mistakes; i mean we are all exposed to 'em .
      so once we have our own strategy , the strategy that we can really depends on , then we start to minimize the number of mistake for a better trading experience .
      I think is actually a physcological problem that is common among newbies because I was once in that category when I was still new to forex, they always try to trade all the time even when they don't have any solid reason to back the trading up, they just want to try their luck and see if they can end up in profit. Forex doesn't work like that, successful traders don't open new positions everyday, they only trade when their system tells them to. Whe we can avoid chasing after the market thereby avoiding over trading too then we can do better in the trades we open with good analysis.

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    6. #1853
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      well, using lot size 0.1 on a $200 trading account is somehow okay but the trader should not count on this and leave the trade open without a stop loss. there are instances where the market moves over 2000 pips. and the 0.1 is just 2000 pips for $200 acct

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    8. #1854
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      Quote Originally Posted by sonibark View Post
      Brother I disagree with you, every trader will definitely face challenges in the forex trading market but when a trader is very consistent in learning and practicing then whenever the challenges come our way then such trader will have a good way of handling the challenges or difficulties, which simply means as long as we are trading in the market we will definitely have a bad time sometimes
      Yes, everyone will face challenges in forex trading during their career but when the preparation is not enough the trader will face emotional problem.
      I think there is a big difference between trader who are prepared and the trader who are not prepared.

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    10. #1855
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      Without facing some serious challenges nobody can becomes a professional trader because challenges make you more stronger and give you a courage to fight well in your particular field you must to learn that how you control your emotions in this business otherwise you face huge losses in future!

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    12. #1856
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      This is a common mistake usually made my small traders, they tend to always force the market wanting to trade all the time and see if they can make profit, forex trading business should not be run that way and those that engage in such act always end up struggling with losses. As a trader you must be strategic, you mustn't trade all the time rather you trade only when you see a good opportunity and your system has confirmed the entry, this way you can manage your account properly and see it grow bigger.
      you know brother, its just like you are talking about me, because this is the way i use to trade in the past, and am sure many of us must have gone through this period, all i want is to make more profit, and with this i will keep opening a trade, and i keep loosing m trading account every two weeks in the market, and i got frustrated at some point, where there is nothing to show for it, there is nothing good that will come out of over trading, only consistent loss, because the more we trade the more we expose our account to more loss

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    14. #1857
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      Quote Originally Posted by forexguy9 View Post
      well, using lot size 0.1 on a $200 trading account is somehow okay but the trader should not count on this and leave the trade open without a stop loss. there are instances where the market moves over 2000 pips. and the 0.1 is just 2000 pips for $200 acct
      There is no need to become specific in lot size and in stop loss every thing should depend on the risk and money management. When a trader follow risk and money management rules there he will come to know that how to use appropriate lot size and stop loss. Some times with the smaller stop loss big lot size and handsome profits become possible.

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    16. #1858
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      Quote Originally Posted by 786pk View Post
      Without facing some serious challenges nobody can becomes a professional trader because challenges make you more stronger and give you a courage to fight well in your particular field you must to learn that how you control your emotions in this business otherwise you face huge losses in future!
      Success stories comes out of every challenge when it is handled so well that we have to learn from them and make use of their lessons in the future trading experiences but when you are not mindful of the lessons then you keep repeating the mistakes over and over again which will surely lead to more losses!
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades

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    18. #1859
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      Quote Originally Posted by 786pk View Post
      Without facing some serious challenges nobody can becomes a professional trader because challenges make you more stronger and give you a courage to fight well in your particular field you must to learn that how you control your emotions in this business otherwise you face huge losses in future!
      You are very correct,we must face challenges in this market what we make of those challenges is what will really determine what we become here,some traders quit too early,when you experience loss in this market you need to learn from it so that you can become better and stronger that is the only way to grow,history they say will always repeat itself,making the same mistakes twice should not be an option.

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    20. Forex Game
    21. #1860
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      Let me agree with your submission here ,we either learn from our mistakes or from others.But how best do we translate all these to advantage ?This is the essence of such encounter so that our improvement will be the ultimate result of the outcome of our past inadequacies.

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