When one falls into a pit he becomes a warning to others

[ituglobal]

We should stop deceiving ourselves (many people want to hear that they’re right even when the reality proves otherwise). It isn’t good to trade in the wrong market direction, especially when the primary trend is against us. When there is a vivid downtrend on the chart, it can only mean one thing: the price is skydiving. What is the best direction to take when the price is falling? On December 31, 2008, the USDCHF closed at 1.0669, whereas it closed at 0.9146 on December 31, 2012. Imagine what could’ve happened to someone who refused to close his long position or sought only long trades since 2008? Do you buy when your model signifies a ‘sell?’ Do you sell when your model signifies a ‘buy?’ Can you imagine how many pips the USDCHF has lost since the year 2008? There’s no bad thing with a downtrend, on the condition that traders accept that a market is weak and speculate accordingly. We make money in bear markets only when we sell short.

 

[okon2much]

I am not sure if a trader who understand the basics of trading would trade against signals. Unless you are trading by guessing, there is no way you would see a buy signal and sell. Its like being in a awkward position.

 

[Rambo35]

I am not sure if a trader who understand the basics of trading would trade against signals. Unless you are trading by guessing, there is no way you would see a buy signal and sell. Its like being in a awkward position.

That would be awkward, yes. I don't know why anyone would sell when their strategy says buy or the other way around. What's the point of having a strategy if you do that?

 

[krecex]

That would be awkward, yes. I don't know why anyone would sell when their strategy says buy or the other way around. What's the point of having a strategy if you do that?

They even end up by blaming the broker of taking out his/her money. If a person wants to learn he must learn much as well as practicing then he can applied it to the real trading. Why those people want to blame and blame others and never want to blame on himself.

 

[sumon]

My company is undecided if the broker who understands basic principles of investing probably would treat versus impulses. If you usually do not invest by betting, there is no method to view a purchase transmission and advertising should. It's like going through a difficult location.

 

[ituglobal]

Whether I Win Or Lose A Trade…

Experience is the best teacher. Negativity in trading is compared to temporary setbacks in real life: it exists so that you can become a better trader. Losing streaks are equivalent of transient disappointments that celebrities face in their careers. They simply enable you to become an efficient risk manager. There are many life examples that can be compared to trading. Do you know that you need to be determined enough to surmount any challenges you might encounter in the markets? Uncertainty will forever be our source of wealth! Do you know that you need to believe in yourself? You’re never doomed to failure in the markets. You just need to work hard enough until you reach the stage of trading effortlessly (after your past errors have turned you into a general of the financial markets). Can you do this? Do you agree with me? If you can, your dreams would be achieved ultimately.

 

[Rambo35]

They even end up by blaming the broker of taking out his/her money. If a person wants to learn he must learn much as well as practicing then he can applied it to the real trading. Why those people want to blame and blame others and never want to blame on himself.

Those are the worst for me. It just shows their lack if intelligence. Then they even go out and write bad reviews about their broker and blame them for being scammed.

 

[ituglobal]

Why Are We Jealous of Successful Traders?

It’s common for many seemingly indigent people to be jealous, envious, livid, and become forlorn when they read how seriously affluent some are. You’re not really forlorn as you thought – only that you let great opportunities pass under your nose without capitalizing on them. There are many great opportunities in trading, but you don’t want to be a trader because you know some people are losing, and because those who’re not interest in trading have told you not to do it. You see, they aren’t doing it, and they’re telling you not to do it (simply because they lack the knowledge that can really make them winners in the markets). Some people don’t want to do it, while some do it in the face of recalcitrant hurdles and obstructions. When those who push ahead in spite of the challenges end up attaining financial freedom, then others would begin to be jealous, envious, livid, and would feel forlorn. Whereas those who’ve become rich as traders have done what you didn’t want to do: they risked their heads, necks sweats, and socks. Now, they are rich, and you’re furious and envious.

 

[Fxpipper]

Who on earth would want to trade against the market - that does not make sense but then again, it takes all sorts..
When it comes to trading, it all comes down to the state of your mind, discipline and the determination to focus on trading on the green rather than dream about the millions you could make..

 

[Rambo35]

Who on earth would want to trade against the market - that does not make sense but then again, it takes all sorts..
When it comes to trading, it all comes down to the state of your mind, discipline and the determination to focus on trading on the green rather than dream about the millions you could make..

I agree with you. It may not make sense to you or me but as long as it works for the trader it is all that matters.

 

[ituglobal]

The FDA Reports On Electronic Cigarette

Why aren’t we patient while trading?

Why aren’t we patient while trading? Why do we prefer instant results always? We’ve become an immediate gratification culture, and we expect profits to come quickly, efficiently in the way we want. When that doesn’t happen, we tend to become increasingly frustrated and irritable - a sign of impatience. One source says that, for one thing, in trading, impatience is linked to frustration, irritation, and even anger. Such emotions can raise our stress level, which in turn can harm our health. Impatient isn’t harmful only in trading, it’s also harmful in other areas of life.

 

[Rambo35]

Why aren’t we patient while trading?

Why aren’t we patient while trading? Why do we prefer instant results always? We’ve become an immediate gratification culture, and we expect profits to come quickly, efficiently in the way we want. When that doesn’t happen, we tend to become increasingly frustrated and irritable - a sign of impatience. One source says that, for one thing, in trading, impatience is linked to frustration, irritation, and even anger. Such emotions can raise our stress level, which in turn can harm our health. Impatient isn’t harmful only in trading, it’s also harmful in other areas of life.

When you say we do you refer to yourself and who else? Are you making a general statement for all traders?

 

[ituglobal]

The most important thing to do as a trader

The most important achievement you make as a trader is not to lose your account, not making profits. If you can be a breakeven trader, using that as your prime target, then it means you can recover any loss you’ll inevitably sustain in your trading career. If you can keep your account safe, then you’ll eventually make money in the markets. If you lose your account through excessively big position sizes, what would you use to harvest gains in the markets when they start smiling at you? The best traders aren’t those who make money during easy market conditions and then lose the money when the market conditions become challenging. The best traders are those who can survive all uncertainties and adverse conditions in the markets, and then make money when the markets begin to pour out their riches for lovers of trading. The most important skill is not the ability to predict the market accurately, but the ability to survive losing streaks and keep your account intact; that’s risk control.

 

[Rambo35]

The most important achievement you make as a trader is not to lose your account, not making profits. If you can be a breakeven trader, using that as your prime target, then it means you can recover any loss you’ll inevitably sustain in your trading career.

I disagree. Risk management is very important but to say that you should not trade to make money but trade not to lose money is the definition of a looser attitude and the market love to swallow bad traders in a heartbeat.

 

[ituglobal]

Yes, we need to focus on doing the right things irrespective of the outcome in the short-term.

 

[ituglobal]

No Risk-free Business

There is no risk-free business or activity under heaven. When it comes to forex, people always have a wrong approach, no wonder over 90% of traders aren’t surviving. We are talking about the majority of traders here; doing what are popular. I’m saying what isn’t popular, and for you to survive the markets, you need to do what the majority don’t like to do.

 

[Master Forex IB]

We learn from our and other's experiences When any one we know feel difficulty in trading or face loss he warns us to be careful from this act. We can consider his advice . As we dicuss here our experiences trading victories . Some one can get benefit from it.