Thread: Less is more in forex trading

If we eliminate greed from forex trading, we can earn a lot. But we don't consider less enough in forex and that keeps us down in the market. My though is if we take less, we can remain in positive side of trading. What are your thoughts?

Greed must be controlled. In forex trading, we can not trade with greed, uncontrolled emotions because it will just make us lose our money in forex. We would be better make profit consistently, both daily, weekly or monthly. I also still try to make my profit in TenkoFx be more maximal and consistent.

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its better to be satisfied with what ever you earn, there are times when we earn less and sometimes earn more than expected, so we have to accept this fact.

Not necessarily reduce the greed we can get a lot in forex, we should be able to analyze it well, we must have insight and knowledge about forex so that we can benefit a lot in forex.

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I am trying to figure out how to implement the analytics but I got a lot of errors. You have a working sample or do you know where to find it? I have checked official docs but there no working simple just for auth etc.

Less is more means you are earning small amount but regularly which is far better than loosing all your money in one go. Thats where we extremely need patience and a cool head. Also the techniques to avoid losses should be learnt as well.

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Less but more consistent profit is very good and high but risky profit is too dangerous thing in forex trading. Always trade with small lot size to earn small profit everyday and this is best to earn huge profit. And quick profit is always risky to save our capital. Try $5 cash rewards from FBS

Originally Posted by Uncle Gober

Less is more means you are earning small amount but regularly which is far better than loosing all your money in one go. Thats where we extremely need patience and a cool head. Also the techniques to avoid losses should be learnt as well.

Let's Try Myfxbook Autotrade - Armada Markets - Choose a trading system and trust your funds to carefully picked strategy

Yes, get small profit in forex trading and make consistently is better than we get big profit but we lose it next. To get maximal and consistent profit are not easy thing. We should be able to make our trading skills be better in forex trading. Improve our skills , and demo account can be maximized.

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My rule of thumb is only consider a trade with at least 1:2 risk:reward ratio. That way you don't have to worry about taking less or more profit. You know your risk is only half of your potential every single trade. But hey, that's just me

take small amount from your profits rather than re investing it in order to make a huge profit, reinvesting your whole profit is very risky and you end up earning nothing.