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[Razor1911]

Forex trading is not a buy and sell game. It is a very complicated way of earning which contains huge risk. But Along with risk, the chances of making profits is also high.

When we trade and make profits from forex, we should know when to stop. We must not become greedy and trade more and more. A realistic target should be set up and we must stick to the target. When we avoid stopping ourselves, we will only beginning to proceed towards our dooms day.

 

[Wisdom01]

Trading with greed in the field of forex trading is very dangerous you dont need to trade with greed,we need a good stoploss and take profit to trade very well in forex,otherwise you are going to loss because the market fluctuate every minute of the day and the trend can go against you at any time

Yeah the market flunctuate Everytime and we need to take note of money management , because if the person want to get rich fast with forex , he or she might likely fail , it's step by step

 

[osavise]

It Is very important to plan the possible outcome before taking positions in forex. This will guide you while trading and as a result, you will know when to stop.

 

[kaycee001]

This is very important for any trader out there but sometimes we allow our emotions and greed to overwhelm us and this can bring devastating effects at the end of the day, but knowing when to stop should also be added to list of skills that should be understood during the course of our training.

 

[Skysaint]

Most times greed could make the person take out wrong trade and the person ends up loosing more money , proper research is needed when trading

Well, in this case I wouldn't say the cause is lack of proper research anyway but traders not being able to control ones greed while trading in forex.

 

[Skysaint]

This is very important for any trader out there but sometimes we allow our emotions and greed to overwhelm us and this can bring devastating effects at the end of the day, but knowing when to stop should also be added to list of skills that should be understood during the course of our training.

Yeah, you are right mate. My mentor in forex trading once told me that if I should encounter three straight losses concurrently that it demands that I should stop. Because I will be under pressure and might lose focus which will result in more losses

 

[Wisdom01]

Well, in this case I wouldn't say the cause is lack of proper research anyway but traders not being able to control ones greed while trading in forex.

Well you might be right because crypto trading is not about just wining and wining , most times we needed to control greed because the market could take a negative turn

 

[Skysaint]

Well you might be right because crypto trading is not about just wining and wining , most times we needed to control greed because the market could take a negative turn

We sometimes have to let our emotions and research to direct the decisions we make while trading in forex. Greed will only blind our business eyesight to know when to stop and will be prone to making lots of losses

 

[a_jerobon]

Well you might be right because crypto trading is not about just wining and wining , most times we needed to control greed because the market could take a negative turn

That is right. Trading is not all about greed and always winning. It is about choosing the best strategy, analysis and being resilient enough to rise up when you make a mistake.

 

[a_jerobon]

Well you might be right because crypto trading is not about just wining and wining , most times we needed to control greed because the market could take a negative turn

That is right. Trading is not all about greed and always winning. It is about choosing the best strategy, analysis and being resilient enough to rise up when you make a mistake.

 

[a_jerobon]

Not often anymore, but every greed that we experience will cause our trading to experience big losses in the end, because when we are greedy we don't know when to stop trading and we will trade carelessly.

Yes, greed can make you not to know when to stop. You may find yourself trading even when the indicators show that the market is not so great. Learning to deal with greed is the best way to avoid loss.

 

[Wisdom01]

Not often anymore, but every greed that we experience will cause our trading to experience big losses in the end, because when we are greedy we don't know when to stop trading and we will trade carelessly.

Greed could make us place the wrong trade and we would find it hard to make gains , because we are thinking and expecting more profit from the market and are unrealistic

 

[silentwatch]

yeah me must know where we have to stop on forex trading, i give you my example i invest 10$ and i make 19$ so fast and i thought that it's too easy now i make 1000$ from it but then the balance zero because i lose all the trades i make the tradeline goes opposite direction in the last sec always.

That is so sadd and deep man..
Always use that SL when you open position. That is an epic win and turn to a tragedy ?
Hope you've learn something from that.. Good luck next time man..

 

[Razor1911]

That is so sadd and deep man..
Always use that SL when you open position. That is an epic win and turn to a tragedy ?
Hope you've learn something from that.. Good luck next time man..

Stop loss is an extra feature added to the trading platform and every trader should make use of it. When using stop loss it helps us to prevent unexpected loss due to uncertain price movement.

 

[Mariappa45]

That's to say, we should exercise risk management and never take too much risk that might hamper our investment chances being on the brink of loss.

 

[Razor1911]

That's to say, we should exercise risk management and never take too much risk that might hamper our investment chances being on the brink of loss.

What is this risk management? it is the amount of risk that we may take for a certain margin and am for a reasonable profit. Obviously it is not easy to predict because the market keeps on changing every moment.

 

[osavise]

Thanks for bringing this topic up. Your notion isn't peculiar to forex alone. When you are a greedy trader, the possibilities of making progress is very slim.

 

[Mariappa45]

What is this risk management? it is the amount of risk that we may take for a certain margin and am for a reasonable profit. Obviously it is not easy to predict because the market keeps on changing every moment.

The risk management I'm talking about is simply the one which leverages your risk to the one you can afford to contend with. One shouldn't take into investment that is highly risky when it comes trading crypto or doing other sort of business.

 

[Razor1911]

The risk management I'm talking about is simply the one which leverages your risk to the one you can afford to contend with. One shouldn't take into investment that is highly risky when it comes trading crypto or doing other sort of business.

Well if you take too much leverage then the risk will automatically increase. Best way here is to use stop loss and take profit. these two tools can help us to minimise the amount of exposure that we put our money on.

 

[Ofonime]

Thanks for bringing this topic up. Your notion isn't peculiar to forex alone. When you are a greedy trader, the possibilities of making progress is very slim.

The number one thing in forex is for you to know where to start and stop,forex need patience and when you trade you need to have patience and set your stoploss to ensure that you dont regreat,take profit is another thing that need to be put in place you dont need to be greeedy

 

[Mariappa45]

Well if you take too much leverage then the risk will automatically increase. Best way here is to use stop loss and take profit. these two tools can help us to minimise the amount of exposure that we put our money on.

Sure, that's why I choose spot trading than the usual 'Future trading that is highly volatile which can liquidate my funds easily when the market is going down.