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❓ASK Slow and steady wins the race in forex

Razor1911

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Forex market is full of speculations and uncertainty. Every songle moment is crucial and one wrong step could land you in trouble. In such a business any trader should always try to avoid to use more moneybin search of more profits.

The forex narket is mainly for slow but steady earners. Here by luck you can gain some profits im short timex but to survive here for long term, yoh must learn to be patience. Because in long term you will be profitable anyways.
 
This is something that a lot of people have to start getting familiar with. Forex is not a get-rich-quick scheme and I thought you should not go into it expecting to win millions of Dollars in one month. You should instead focus on building your portfolio a little by little and then taking a profit often.
 
Well, I quite agree with you, that slow and steady wins the race but when it comes to Forex trading where the market is highly unpredictable even to professionals, the best thing is to be highly and technically analytical and to inculcate the spirit of discipline and set realizable goals.
 
There is a very great percentage of tendency that you are going to lose in forex if you are going with the idea that you want to make generational wealth within a short period of time. This is why I am of the opinion that you should change small wins over a long period of time then you will be able to grow your account on a slow and steady pace.
 
The most important thing I have learnt in forex is patience and it comes in both ways, which is don't be in a haste to trade the market and don't equally be in a haste to live the market.
Forex have thought me to apply patience to avoid trading false signals and making wrong enteries.
It's better to lose two dollars and get 14 dollars that's the logic.
 
That'd Right mostly traders and experts have their own opinion which can be biased as well depending on the market and that is why you need to have a fixed income as well from other end to make things moving for you that makes you stable and also growing with the progress in my opinion
 
Indeed, one of the most common problems that newbie traders encounter is their desire to get a lot of money as profit from their early career as traders. It is better to earn small amounts of profit that accumulates over time than lose all of them in one go in a badly made trade. One should always keep a cool head and don't get impulsive when doing a trade. A small profit is better than none, always remember that.
 
Forex market is full of speculations and uncertainty. Every songle moment is crucial and one wrong step could land you in trouble. In such a business any trader should always try to avoid to use more moneybin search of more profits.

The forex narket is mainly for slow but steady earners. Here by luck you can gain some profits im short timex but to survive here for long term, yoh must learn to be patience. Because in long term you will be profitable anyways.
i have to admit, that i am guilty as charged your honor. i used to always try for a grand slam every time i took a trade. and i was burning myself out. also i burned out my account. its best small trades or base hits. slow & steady as you go captain. small profits add up quickly. large loses kill your account. trade management / risk management is very important when trading. only use 2% - 5% of your account on every trade. you have free online risk calculators &they are a great trading tool, if used correctly.
 
Forex trading is not a quick rich scheme. This is a business that only gives profit daily and earn very little percentage of our money everyday. If we are not greedy and set a target of very small daily percentage, we will do well trading forex. Like for me my target is at least 1% daily and this is not much to achieve.
 
Forex market is full of speculations and uncertainty. Every songle moment is crucial and one wrong step could land you in trouble. In such a business any trader should always try to avoid to use more moneybin search of more profits.

The forex narket is mainly for slow but steady earners. Here by luck you can gain some profits im short timex but to survive here for long term, yoh must learn to be patience. Because in long term you will be profitable anyways.
the 3 main rules to be successful trading forex or any market are - discipline, patience & money management. basically you are looking to making small winning trades or base hits. continuously. controlling your losing trades while maximizing your winning trades. knowing how to manage your trades, especially your winning trades, to get the most bang for your buck. slowly, slowly, catchie monkey is the key. grow your account slowly. dont get over confident if you have a string of winning trades. dont give up or get to frustrated if you have a run of losing trades. controlling your emotions also plays a big part when trading.

i have to admit im guilty of trying to always hit grand slams on almost every trade. or i used to to. now i have calmed down & control my emotions better. i also used to go on tilt when i had some losing trades & tried to make up my loses by over trading & making bad trades. its not easy to change but its part of being a good trader. also you have to be honest with yourself & see your faults. more importantly, is correcting your faults.
 
the 3 main rules to be successful trading forex or any market are - discipline, patience & money management. basically you are looking to making small winning trades or base hits. continuously. controlling your losing trades while maximizing your winning trades. knowing how to manage your trades, especially your winning trades, to get the most bang for your buck. slowly, slowly, catchie monkey is the key. grow your account slowly. dont get over confident if you have a string of winning trades. dont give up or get to frustrated if you have a run of losing trades. controlling your emotions also plays a big part when trading.

i have to admit im guilty of trying to always hit grand slams on almost every trade. or i used to to. now i have calmed down & control my emotions better. i also used to go on tilt when i had some losing trades & tried to make up my loses by over trading & making bad trades. its not easy to change but its part of being a good trader. also you have to be honest with yourself & see your faults. more importantly, is correcting your faults.
You have said it all. It is very important for us to be disciplined and the most important one is to be patient. When we are disciplined when we are trading forex, we will be caution on the way that we trade. We will not enter the market based on our instinct but by studying the chart first using our strategy
 
You have said it all. It is very important for us to be disciplined and the most important one is to be patient. When we are disciplined when we are trading forex, we will be caution on the way that we trade. We will not enter the market based on our instinct but by studying the chart first using our strategy
what i forgot to mention above. was that if you are having a bad trading day or wk, the best thing you can do, is walk away from your trading for some time. until you are relaxed again. turn off your computer or trading platform. take a rest, take a walk outside, do something different, get something to eat, etc. stop trading until you have reset your emotions & mental health.

sometimes you can reset yourself in some minutes or hrs. sometimes it might take a wk or more. each person is different. what ever works for you. everybody will experience this problem sooner or later. the best you can do is recognize that your on tilt. take some time away, the markets will still be there when you come back. there will always be new trades when you come back. so just relax & re gather yourself.
 
Forex trading is not a quick rich scheme. This is a business that only gives profit daily and earn very little percentage of our money everyday. If we are not greedy and set a target of very small daily percentage, we will do well trading forex. Like for me my target is at least 1% daily and this is not much to achieve.
One of the most common challenges that new traders confront is their desire to make a lot of money quickly. It's better to gain small profits over time than than lose everything all at once in a badly performed trade. When making a bargain, it's important to have a cool head and avoid being hasty. Always keep in mind that a small profit is preferable to none at all.
 
It is very correct that slow and steady wins the race in the forex market. This is because you would not try to blow your account by investing all your account in a single position. If you have a forever mindset in your forex trading career, you will always come back to learn more because you would trade with just 2% of your account.
 
what i forgot to mention above. was that if you are having a bad trading day or wk, the best thing you can do, is walk away from your trading for some time. until you are relaxed again. turn off your computer or trading platform. take a rest, take a walk outside, do something different, get something to eat, etc. stop trading until you have reset your emotions & mental health.

sometimes you can reset yourself in some minutes or hrs. sometimes it might take a wk or more. each person is different. what ever works for you. everybody will experience this problem sooner or later. the best you can do is recognize that your on tilt. take some time away, the markets will still be there when you come back. there will always be new trades when you come back. so just relax & re gather yourself.
In the currency market, it is quite true that slow and steady wins the race. This is because you would not want to blow your account by putting all of your money in one place. Because you would trade with very less of your account if you have a lifelong mindset in your forex trading career, you would constantly come back to learn more.
 
There's a saying that goes like this "patience is a virtue". Slow and steady does win the race in forex trading and most forex traders don't always understand this because they are controlled by the spirit of greed. Greed makes them in a haste to make profit and most times they end up taking decision they later regret. It is better to earn slowly and steadily than to be in a hurry and make a loss at the end.
 
In forex trading, the adage that patience pays is really practical. This is because first, earnings don't happen immediately you start trading if you don't have proper knowledge and skills. You will have to take some time and learn. Secondly, the forex market is really volatile. Some days, you will have to keep off the market and wait patiently for the right time to trade.
 
I can't really say for the forex market but I sure do know that this is also applicable to the cryptocurrency market as I have tried it out many times and it really works for me.
If you take too much of a risk just because you want to earn huge rewards then you will most likely be disappointed in the end as you can't take the get rich quick scheme to handle a trading platform like that of the forex market and expect to succeed.
 
Actually in any business whether forex trading, cryptocurrency trading and other investment or businesses there are so many slow and steady strategies one need to know first and follow it according to the plan of such investment or trading before one can be successful in his trading and investment. That is why it is good to study the investment or business you want before going into it.
 
This the best tip in forex. Most traders always want to make money at once. They don't want to lose at all. This has made some of them blew their accounts. That's why I always warn traders to learn to be contended with small profit rather than trying to amass profits in just few days they start trading.
 

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