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[Razor1911]

The confusion in the market can be very dangerous. When we trade in forex, the uncertainty should not be a hinder to our trades. In this uncertainty we need to create our own path to success. Hard work and patience are very much required for that.

Normally, novice traders are not able to decide whether they should go for the trade or not. Such indecisiveness is very dangerous and can easily blow up our account. The best way to avoid it is by having a proper plan. When we will have a well drafted plan, with proper entry and exit points, stop loss and take profits limits etc. Such plan will help to take prompt decisions in forex.

 

[Acrosin]

Yeah. It is vital to have your own strategy planned out to know when to enter and exit a trade before running losses. Ensure all conditions are met before entering so reduce the probability of placing a wrong trade although other things may cause the trade to go wrong despite meeting all your requirements.

 

[a_jerobon]

Indecisiveness can hinder forex trafing alot. You will be operating from a place of confusion. Yet forex trading requires good understanding and analysis skills plus having a good broker will all the good features you nees. So a way to avoid indecisiveness is to have all these factors into consideration.

 

[a_jerobon]

One of the key ways to avoid indecisiveness while trading is to do a proper research and analysis on your own. Also, you should reduce the rate of being inherently greedy because that's one of the factors that influence people in losing so much to cryptocurrency ecosystem. You should also not invest in any uprising coin without proper research it earning feasibility.

Research is truly very essential for someone who is doing forex trading. It is what guides decision making in this field. When you know exactly what is involved in forex trading, you will easily make good decisions. I also agree with you that one should learn how to control greed and other emotions. When you control them, you can make decisions with ease.

 

[btaliat]

Lack of strategy is the major cause of indecisiveness. And this is because most people don't research before trading. They only aim at making problem without knowing the rudiment of trading. The best way to control this is to have the knowledge of trading first and learn how to control our fear and greediness before venturing into trading.

 

[Brain]

The confusion in the market can be very dangerous. When we trade in forex, the uncertainty should not be a hinder to our trades. In this uncertainty we need to create our own path to success. Hard work and patience are very much required for that.

Normally, novice traders are not able to decide whether they should go for the trade or not. Such indecisiveness is very dangerous and can easily blow up our account. The best way to avoid it is by having a proper plan. When we will have a well drafted plan, with proper entry and exit points, stop loss and take profits limits etc. Such plan will help to take prompt decisions in forex.

I think it is just human nature that comes to play here you know when you become uncertain about even the most important thing I. our lives same is applicable here. I totally agree with you that we need to decide quickly on our trades and leave indecision alone. Maybe getting informed first will help and maybe also staying consistent with it will help.

 

[ashim kate]

It is very important that you should be able to come to the very decisive conclusion before opening a position in forex trading. In order to be very sure you should first of all be able to use your instinct and as well be able to confirm your decision using various trading tools. You can consider trading tools like volume and the relative strength index.

 

[Kubiat-Abasi]

The best way to avoid indecisiveness well trading is to map out a plan which is realistic and achievable. Also, you could adopt Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader. I have been trading for over four months and I adopt the restriction to save my money. As a trader, you need to understand that there are big risks in trading. Experience is of essence, but the market is not always in your favourable at all times. You might also need to use the swing method while trading to curtail indecisiveness.

 

[Chibson]

Having technical analysis skills is very important if you really want to become successful in forex trading. It will help you to make decisive decisions and also contain the amount of losses you may incur in any trade. One of the reasons and other people are usually undecisive is because they lack these skills and therefore they may not have the ability to predict how the market will go

 

[Chibson]

The best way to avoid indecisiveness well trading is to map out a plan which is realistic and achievable. Also, you could adopt Stop loss tool which is needed the most while trading. Another alternative is the trailing stop loss. It is the best tool I have seen for trading. It is an auto adjustable stop loss which moves according to the price movement and the value set for it by the trader. I have been trading for over four months and I adopt the restriction to save my money. As a trader, you need to understand that there are big risks in trading. Experience is of essence, but the market is not always in your favourable at all times. You might also need to use the swing method while trading to curtail indecisiveness.

Definitely, having a very good plan and target is very important for any trader.
This is because it will help you to be disciplined and also will help you to make your decisions. People that does not have plans may end up losing their money on forex trading. Achieving success involves having a realistic target.

 

[Skysaint]

You're right about that. It could actually pose a threat to us achieving our goal and making success in our trading activities. There are a lot of trading indicators that will help us decide without much fear on which way to follow and I guess other features to help us minimize the lose we make will trading forex like making use of a stop loss and the rest.
Only a newbie to the trade and one who isn't very knowledgeable about how the system works will suffer from indecisiveness while trading in forex.

 

[Kubiat-Abasi]

The confusion in the market can be very dangerous. When we trade in forex, the uncertainty should not be a hinder to our trades. In this uncertainty we need to create our own path to success. Hard work and patience are very much required for that.

Normally, novice traders are not able to decide whether they should go for the trade or not. Such indecisiveness is very dangerous and can easily blow up our account. The best way to avoid it is by having a proper plan. When we will have a well drafted plan, with proper entry and exit points, stop loss and take profits limits etc. Such plan will help to take prompt decisions in forex.

Forex trading, indecisiveness is actually normal because we are not automated robots but human beings. Inasmuch as you've learnt the ropes of Forex trading, there's always that degree of indecisiveness that cannot be completely eliminated. The best thing is to continuously trade and at some point I think it will be eliminated or lessened naturally.

 

[ashim kate]

If you find yourself to be undecided at a particular place where the prices going to go up or down then you should try to analyse risk-to-reward ratio. If you still haven't been able to find a place where you can put your stop loss and you are going to be getting a better reward at the other end then you should allow the trades to go on.

 

[dorcasy]

Alot of people miss good entry or enter a trade late because of indecisive decisions and we all know how difficult it is to have good setups.
Some people don't know that we have forex tools like buy stop and sell stop that you can use to set a trade even in your absence,that's why I can take a whole day setting up my chart before placing trade.

 

[Wisdom01]

When you have stop loss and take profit yOu still have a plan , because your funds won't face liquidation because when it hit the spot it will execute the trade it self ,what you should consider as a trader is actually looking for better alternative means that could maximize the revenue you could make from trading ,and having plans is good

 

[Kubiat-Abasi]

Alot of people miss good entry or enter a trade late because of indecisive decisions and we all know how difficult it is to have good setups.
Some people don't know that we have forex tools like buy stop and sell stop that you can use to set a trade even in your absence,that's why I can take a whole day setting up my chart before placing trade.

You seem to know quite a whole lot on Forex trading. I think even with the stop losses tool, some traders just like to try or take unnecessary risks. I believe most Traders fail to have a good entry because of their pessimism and also atimes due to ignoring the indicators which should have helped them in curbing potential losses.

 

[Dav1d]

Beginners in forex trading usually make this mistake almost every time, they go into the forex market without having any form of plan or trading strategies. They just trade as much as they want. Experts would tell you, it's not right to trade the forex market any time you like but it you should have a time table of how many trades to take a day and when to enter the forex market. You can make use of compound planning sites or apps as well, it would help you alot.

 

[dorcasy]

You seem to know quite a whole lot on Forex trading. I think even with the stop losses tool, some traders just like to try or take unnecessary risks. I believe most Traders fail to have a good entry because of their pessimism and also atimes due to ignoring the indicators which should have helped them in curbing potential losses.

A trader that choose to try unnecessary risk is definitely gambling with the market and with his or her funds. Before I trade with my hard earned money I take all the necessary cautions and procedures into consideration and I make sure that stick to the trade pattern no matter how the market appears.

 

[kaycee001]

I think discipline should be the watchword here. Traders are faced with a lot of factors during trading some of these factors have positive effects while others have negative impact.so the ability of a trader to avoid indecisiveness makes him or her a good trader.so a trader has to be very disciplined to avoid taking wrong decisions.

 

[Kubiat-Abasi]

I think discipline should be the watchword here. Traders are faced with a lot of factors during trading some of these factors have positive effects while others have negative impact.so the ability of a trader to avoid indecisiveness makes him or her a good trader.so a trader has to be very disciplined to avoid taking wrong decisions.

Good point! I think one of the ways to also avoid indecisiveness in trading is by choosing what's right for you, either trading in an environment alone or with third-party which could influence your opinion positively or negatively. As a trader, you should also be disciplined in reducing your greed excesses and setting achievable goals.