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Are you in a hurry to make money?

Discussion in 'Beginners Bootcamp' started by downtrend, Sep 21, 2016.

  1. EURUSD

    EURUSD Sergeant Major

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    Yes in fact as trader only trying to follow the trend, but actually the market move very dynamic and unpredictable, beside as trader trying follow the trend hence also they need trading using risk management which here as trader need using stop loss
     
  2. mikeyfxs

    mikeyfxs Recruit

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    MOST traders are in a hurry to get rich, and thats why MOST of them lose.
    I do get that feeling a lot when I see an opportunity for a good juicy-profitable trade, and I do fall for it sometime, but I always lose (on those specific trades!)
    Having (and keeping) a strategy and the discipline to not blow your cash because you want to get rich fast is hard in those markets, but it's a must to survive.
     
  3. methew

    methew Recruit

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    yes i want to earn money very fast but it is impossible.
     
  4. downtrend

    downtrend Sergeant

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    Yes that's right, you cannot earn fast in forex trading. It is the biggest illusion that takes away a lot of trader's money. So learn thoroughly and earn slowly.
     
  5. holycow

    holycow Master Sergeant

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    Forex trading can't be a magic spell but i guess we can make some regular returns on our investments by trading regularly through it.
     
  6. TareqS

    TareqS Private

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    Being honest, I had the intention or planning to make millions by trading. I, now know how difficult it is to make that happen. Nevertheless, I still have the belief that one can make a lot of money by trading if he deals with the market accordingly.
     
  7. dianajs

    dianajs Private, 1st Class

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    I admit that when I began trading I didn't have expectations that big. I just wanted to learn how to trade and be consistently profitable in my trading. I didn't start thinking about profiting exact sums of money until much later.
     
  8. fxapex

    fxapex Private

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    Its very important to be patient even if you are an experienced trade, but most of the people do join forex trading to make more money as soon as possible.
     
  9. EURUSD

    EURUSD Sergeant Major

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    Patience indeed very important, but might not all trader having easiness to control their decision because tempted by movement on the market that like as money dance in front of our eye, in hurry in trading often making dissapointed
     
  10. nahiyar

    nahiyar Private, 1st Class

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    Patience is good in every situation , we should not be less in patience even in profit too. Hurry in trading can be dangerous , you will miss right time of trading or not find true trend of trading .It will result in loss for you.
     

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