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[Razor1911]

There is a proverb in forex market, trade with what you see , not with what you think. It mainly indicates that when we trade in forex we must trade with live market conditions, with the live statistical data and what our analysis according to price action.

We should never trade with our thinking. Sometimes, people think that market will go up because it already gone too much down. But in reality, trade should be executed when market signals a proper breakout from the down movement and all the signals showing buy indications. That is why the proverb is extensively used.

 

[shrey1408]

Trade is about what u see and not what u think because trading is physical. When it comes to trading, you need to be realistic and observant to be a successful trader

Yeah mate, never make blind prediction about the way in which market will go, instead research everyday and come to the nearest conclusion.

 

[GoldenLady]

Sometimes when trading, it may feel like the market is at the bottom, but trading based on sentiment will it lead to doom. Most traders use at least two or more indicators to know when to jump into a trade.
And the more indicators giving a buy or sell signal, the better it is.

 

[shrey1408]

Sometimes when trading, it may feel like the market is at the bottom, but trading based on sentiment will it lead to doom. Most traders use at least two or more indicators to know when to jump into a trade.
And the more indicators giving a buy or sell signal, the better it is.

Yeah mate, always go with statistics and recent market behavior to predict the next direction in which market will go, and buy or sell accordingly.

 

[Ranamal]

Yes it is correct But Without thinking that how we can trade on something, So we will See that how the rates on going on present and think on it and go for trading

 

[shrey1408]

Yes it is correct But Without thinking that how we can trade on something, So we will See that how the rates on going on present and think on it and go for trading

Yeah mate, both thinking and seeing play a major role while trading, as you should have atleast some vision about the market, but go with statistics.

 

[a_jerobon]

That is a very good proverb that people should truly learn from. One should truly trade with what is there and not according to thoughts. This requires one to have very good analysis skills.

 

[Donnatella]

agreed , the best motivation i think .

 

[BullyMaguire]

Well sometimes it helps to have some expectations to be use as motivation although i agree with just go with what's in right now

 

[Razor1911]

Well sometimes it helps to have some expectations to be use as motivation although i agree with just go with what's in right now

Analysis of the current market is most important, also we should consider what should be the cuter expect of the market. We should not go blindly with our heart providing the signals, it's our mind who needs to decide.

 

[Wisdom01]

Exactly if we start thinking we should buy because it have gone down ,we might even lose a lot just because we want to buy the dip ,as it might dip further , so it's best to buy as it starts rising

 

[Acrosin]

Trading with thoughts will only end up in zero profit, huge loss. That's why the indicators are there and the market news release update. This is not a game. It is a trade and any wrong movement will take a toll

 

[BullyMaguire]

Analysis of the current market is most important, also we should consider what should be the cuter expect of the market. We should not go blindly with our heart providing the signals, it's our mind who needs to decide.

That's true.. if we don't want to lose money we need to be careful and do our own analysis. In trading a good judgement is a must

 

[Bousine00]

There is a proverb in forex market, trade with what you see , not with what you think. It mainly indicates that when we trade in forex we must trade with live market conditions, with the live statistical data and what our analysis according to price action.

We should never trade with our thinking. Sometimes, people think that market will go up because it already gone too much down. But in reality, trade should be executed when market signals a proper breakout from the down movement and all the signals showing buy indications. That is why the proverb is extensively used.

Its called trading with emotions, or as some calls it, assuming a trend. I have once tried such type of trade, it was successful for a while but it Eventually stopped.

 

[Razor1911]

Its called trading with emotions, or as some calls it, assuming a trend. I have once tried such type of trade, it was successful for a while but it Eventually stopped.

Yeah, that's why we advice people not to trade with the heart. Trading with emotions is very dangerous, specially when the market is risky. It is better to avoid it at any cost.

 

[a_jerobon]

Trading with thoughts will only end up in zero profit, huge loss. That's why the indicators are there and the market news release update. This is not a game. It is a trade and any wrong movement will take a toll

Yeah, you really need to take time and do some analysis and be updated on the news and what the trusted indicators say. But trading only with emotions and your own thoughts may end up being a loosing game.

 

[Corzhens]

I am being honest when I admit that I don't trade in forex. It is the trend that I have difficulty in seeing. With forex the political status of the country has a role in the value of the currency which, for me, is not easy to determine.

 

[Razor1911]

I am being honest when I admit that I don't trade in forex. It is the trend that I have difficulty in seeing. With forex the political status of the country has a role in the value of the currency which, for me, is not easy to determine.

Actually you are correct that it is not easy to determine the market analysis. That is the reason almost 95% of the people lose money. But with proper management and strategy, we can minimise the risk of losing money.

 

[Flower]

"Trade what you see and not what you think" is a clause applicable to all form of trades . It's not peculiar to forex. Trading on instinct could make you lose all your money.

 

[a_jerobon]

Trading with what you see and not what you think is truly applicable in most other trading too. You can never succeed from relying on instinct to trade. You need facts such as the analysis of the market and what its future holds.