Greed is harmful
Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long. I am trading with XeroMarkets broker that has over 77 trading instruments. You can choose your best from here.
As a newbie, it’s important to have a quality broker and solid strategy. I know how much struggle it is with wrong brokers, so one got to be very careful with these things. If we have right broker, it will help us perform and succeed or else we will struggle.
Forex is a very risky market. Making profit make most difficult of trading. Many are trying and many already quitted the market. Some are successful in the market. Trading is not difficult. So, trader should focus on learning about market what influences the market and how. I am trading forex with Forex4you since 2016. I am still surviving in this market.
Absolutely Correct! One must be aware of the risks involved in the Forex Market and they should also gain knowledge regarding how to manage the same. Controlling emotion is one of the key for risk control.
We all know that, risk is a common factor in forex trading. From beginner to professional every trader has to face the losses. Those who can not cope up with loss are not suitable for the forex market. A trader should know all the tools and techniques to recover his losses. It s quite impossible not to having loss in forex trading. Loss is a must element in forex. But you can minimize the loss and by your trading technic you can convert it into profit. For that you need to have proper knowledge about forex. You can open a demo account to measure your knowledge and it will help you to find out all the problems of yours and give suggestions. I am trading with Tpglobalfx. They always help me to minimize the loss and also help me to recover my losses and make profits easily.
right now almost thousands of online broker are available in this retail market place and they offer profitable bonus for the traders who are particularly newcomers. but I have seen according to my trading experience the bonus we get from our trading brokers practically cannot use in a proper way due to many restrictions. by the way I am with LQDFX with their 100% bonus which is mostly transparent.Originally Posted by Salman Kashfy
On every business there would be some ups and downs every person may face and it is very natural. But if you think only about profit then you are not a practical person and Forex trading is not right platform for you. From the free seminar class at TP Global FX platform I have learned that how to handle my trading loss by applying the money management in my trading. It is the right broker.
For me Forex4you is the best broker. It provides multi asset to trade in investment market. Trader can trade in FX, Cryptos, Stocks, Indices, Commodities, Metals. As for me I am a forex trader. I especially prefer major pair where the broker provide lowest spreads. It also give me high leverage around 1:500 with MT4 and MT5 trading platfrom.
Greed could destroy absolutely anything that you have earned through the Forex Market.
Most of the traders lose money because of greed. There is no place for greed and fear in trading. Regardless, this trading regimen is not for the unassuming or leave heart. Lift hasty thoughts considers to a high-chance profile where plan is essential and particular organizing is a sure basic if a trading learner is to survive. I am trading both forex and Futures with Eurotrader broker. I like their instant trade execution.
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