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?
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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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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
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.
I also thinks that we should do enough trade from which we could get that amount which we want. So it's good approach to follow these rule that less is more in forex. Let's Take our quick survey and we’ll add $5 to your account ( TenkoFx )
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Dont be greedy is good, if already have daily target profit better stop trading and continue tomorow, i agree have small profit is better, market will always seduce us to become greedy because market sometimes easy to be predicted. Take a survey and get $5
greedy very bad for our trade, because the greedy we will get a lot of losses. for that, we need to be disciplined so that greed can be minimized by good. With the use of trading capital as small as $ 10 at tenkofx to control greed trading
Yes if we are remove greed from our trading then we can earn more good money from the forex trading.The forex trading is very good way to earn money from online but most of the trader are greedy for that they are cannot make good money from the forex trading and also they are loss full money in the forex trading.so use the minimal deposit like 10 USD minimum deposit from TenkoFx
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 contest can be maximized. Demo contest are great to learn trading and you will even get a prize if you are successful. Currently I am participating in Armada Markets demo contest and link
Yes Greed is very harmful to our trade and we should control it at any cost. If we have controlled our emotions then it will be good for us and for our trading and we can make good money in Forex.
i am agree, 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 FBS be more maximal and consistent.
the best approach for an individual to control freed is to develop a trading plan and stick to the plan no matter the situation of the market,once your target is met ,a disciplined approach should be use to exit that trade and avoid the temptation of over trading in order to increase the profit earned,it is possible to adjust trade profit when the market seems to be going in the direction of the opened trade but such trade should be trailed with a stop above break even point. Investment Forum for all question about performance of fund manager in TenkoF
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. before using real account, i am using welcome bonus 15 Euro in Armada Markets
Less requotes is more profit on Forex market!! =D I'm really glad that my broker FreshForex has recently cancelled them. This broker always had great conditions for trading, but now they became even better)
This is something not too many newbies believe in, I think we all wish for making huge money and for that we try all sort of stuff like short cuts or that type of things. I am very lucky that at present, I am working with OctaFX and with their help and guide, I never have to worry over anything and I am able to make good profits fairly easily. This is especially to do with their massive rebate program that helps me earn 15 dollars profits per lot size trade and this is even to do with the losing trades as well, it really helps me in performance and makes me entirely comfortable with everything, so that automatically leads to great profits consistently.
The less you trade with ACFX, the more money you save. :wink: Did you hear guys the news about its licence? ACFX was deprived of the licence and didn't tell that to their clients!! People lost a lot of money...
Yes, it’s why we should understand about regulation as well, we shouldn’t just jump on regulated broker thing, we need regulated broker but it should be from reliable institute and they should have some protection. I like CySEC regulated brokers since they have complete protection.
Yeah, I definitely believe in same, I think less is definitely a lot in Forex. This is why Forex is rated as the finest online business in the world, but this business needs us to have enough knowledge and experience to work out through difficult situations, if we’re not having enough of those things then we could struggle, so that’s why we got to be fairly careful with how we go on with doing things. I am grateful to my broker OctaFX since through their educational setup, I have understood what’s important and also to do with their mighty demo contest like Southampton Supreme, it’s superb with having unlimited prizes, so all very cool and really gives us boost as far performance goes.
That’s absolutely right Cheetoz, we should make sure we have clear mindset while working and this is possible only through a broker that’s reliable and that’s why I go with companies which are regulated by CySEC, it’s one thing that keeps me safe and secure while working knowing there is protection for me!
Maybe no anyone trader along their trading career never faced with loss, because loss still as part in trading, and many trader might already forget how many account already closed because margin call account, I am also many time get loss and fail but still continue to learn
That might be true, Sadam. We should always be confident with our decision and working with reliable brokers is first wish for all. I too have fear of those thing, therefore, I have only went with ForexMart, it’s regulated by source like CySEC, so no worries for me and keeps me relaxed.