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Stats: 2,658,399 members, 6,240,688 topics. Date: Tuesday, 13 April 2021 at 05:21 PM
|Forex Thread: by agadakingz(m): 11:46am On Feb 24|
The best traders know that patience is the key to making successful trades. Don't trade too often and avoid overtrading.
|Re: Forex Thread: by agadakingz(m): 7:06am On Feb 25|
You can't get Rich Quick in trading.
It's a fallacy. It's false.
It's Bad Thinking.
Work on your Psychological Stability, Patience, Emotional Balance,
Be Calm-headed, don't Chase Price.
Lastly, what makes it all possible, is Sound Risk Management.
Managing your risk will save you many troubles and you won't be bothered about what the Market does to you.
Industry standard is risking 2% per trade with your capital. I use 1% per trade position.
But because you wanna prove to your mates that you're the best in town, with your Rolex watch(es) and fleet of cars etc, you did go home soon enough, broke.
Follow the Rules.
The Market feasts on Human Psychology. Once you have the right Risk Management, you will worry less, and build patiently, long term.
Embrace such discipline. Avoid Greed.
There's no better way of saying this.
|Re: Forex Thread: by agadakingz(m): 9:17pm On Feb 28|
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|Re: Forex Thread: by agadakingz(m): 8:30am On Mar 01|
Running profits on my ftmo challenge. Join us to become a better trader..
|Re: Forex Thread: by agadakingz(m): 4:44pm On Mar 18|
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|Re: Forex Thread: by smartking1: 11:19pm On Mar 18|
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|Re: Forex Thread: by govaz(m): 11:49pm On Mar 18|
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