Greed is harmful

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Thread: Greed is harmful

  1. #11
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    Greed is harmful
    Indeed, a greedy person can never become successful in the Forex Market. You need to have control over your emotions to become a successful trader.

  2. #12
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    In Forex trading, despite of having most powerful analyzing trade knowledge thats not possible at all to lead a comfortable trading life with certainly if you dont know how to manage money in Forex. So, really important money management plan to keep survive in this volatile trading place

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    Stop loss can make us earn good amount of money if we know how to use it. Some people thing that if we get SL we end up losing. But proper way to use SL can also make us earn money still. For example if you have gain 50 pips profit already and your analysis say that it can go up 100 pips. You put your TP to 100 pips and you put your SL 40 pips. In this way you can still end up earning 40 pips and 100 pips if you get TP.

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  8. #18
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    The success in our trading strategies depend on basically our money management plan , if we want to get maximal result by our trading strategies first of all we have to know proper money managing plan, otherwise it is not possible at all to make profit with great consistency despite of powerful trading strategies.

  9. #19
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    in ro ham eslah kon:
    Quote Originally Posted by Golden Sark View Post
    The success in our trading strategies depend on basically our money management plan , if we want to get maximal result by our trading strategies first of all we have to know proper money managing plan, otherwise it is not possible at all to make profit with great consistency despite of powerful trading strategies.
    We will need to understand this fact that if we will make use of the Money management systems then the income can de derived by us in the coming days.
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