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You cant make money in a haste

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  • You cant make money in a haste

    As an experienced trader for a few years, I advise our members. Do not be hasty to win back your Money.

    Just take a deep breath! Try out to find the reason why this happened to you with a memo to write down the main 1 or 2 causes for it. And then, Learn more and more! Anything else like webinar or whatever may give you a kind of enlightenment!

  • #2
    I fully agree. When you lose your money, you want to win your money back immediately. But this usually leads to losing much more.

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    • #3
      Decisions taken in hurry are meant to be wrong most of the time as you dont consider many factors that are needed for a good trade.

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      • #4
        Totally agreed to you. Earning through Forex requires much patience and knowledge about the Forex Trading and its market. You should learn how to analyze market properly.

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        • #5
          Indeed! Patience is one of the most essential features forex trader person should have

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          • #6
            Originally posted by Contempo View Post
            Indeed! Patience is one of the most essential features forex trader person should have
            Yes Patience is considered as a key to success for the traders who wish to earn proper knowledge so that they can earn more and more.

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            • #7
              Originally posted by Contempo View Post
              Indeed! Patience is one of the most essential features forex trader person should have
              Patience is a virtue that we acquire as we gain experience, every trader has different level of patience.

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              • #8
                Especially when they got a loss, most of the new trader would go to put a 'revenge' order after that loss...

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                • #9
                  Of course we can't because patience is most important thing in trading. Our main enemy in trading is high risk and impatient trading just increases it leaving you without any chances to earn consistently in the long run. I'd advise traders to trade as much discreet and careful as its possible.

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                  • #10
                    Originally posted by controlxs View Post
                    Of course we can't because patience is most important thing in trading. Our main enemy in trading is high risk and impatient trading just increases it leaving you without any chances to earn consistently in the long run. I'd advise traders to trade as much discreet and careful as its possible.
                    It's hard to kill an enemy who lives within (lol)
                    But yeah, at least we could control our haste and prevent any kind of reckless step that would happen.

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                    • #11
                      yes patience is one of the most important virtue of a trader, the more patient a trader is, he will take decision with more ease.

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                      • #12
                        Anyway, rush does not bring positive results. The quieter you go, the further you'll get.

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                        • #13
                          i know that any trader target is to make profit again and again as big as they can, but u should start with small lot and u should try to make it constant although u just get a small profit. and when u think u already have a good skill then u can start raise u lot to make more profit. just dont rush and u will getting better time by the time.

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                          • #14
                            Good advice , have to look at trading as a long term goal not a short term fix.

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                            • #15
                              Originally posted by abory View Post
                              i know that any trader target is to make profit again and again as big as they can, but u should start with small lot and u should try to make it constant although u just get a small profit. and when u think u already have a good skill then u can start raise u lot to make more profit. just dont rush and u will getting better time by the time.
                              Money making is the main target of every trader but in doing so we tend to sometime take decisions in haste, and which are mostly turns wrong.

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