Do not go overboard with Forex Trading!

dhaniram

Recruit
Messages
4
Forex trading undoubtedly brings good money but one must be careful while trading. You must not be too excited and put everything at stake. For Family is too valuable to compromise with .The wealth forex gives is good but the wealth of family is .... life!
 

nahiyar

Private, 1st Class
Messages
816
Yes our expectations should be normal with forex not be so emotional to forget about family life or your money management. Only invest that is extra with you so that you can have an idea how much you can make from it. There is always investing option so why should be at risk first time . Forex will give money how much you will pay time for it , work with it with learning and skill.
 

7Bulletin

Sergeant
Messages
137
I think it's all good idea to do something better with it really, i still take this as my side hobby along with my day job and that's really it. Please don't make it some other way, it's too risky to go full time unless you are a broker, keep that all in mind please.
 

EuroTrader

Sergeant Major
Messages
1,046
Forex is a business to make money with it. How much you can make it is up to your skill and experience. High expectations and just spend life for forex is not a normal routine. Make a schedule when and how to trade. It will bring discipline an your family life as well as business. Forex can bring money but with limits not think of to be a millionaire in no time.
 

scott11

Recruit
Messages
151
Certainly one of the most important lessons in trading school is risk and capital management. With these skills traders will be able to limit their losses and keep their capital safe as long as they apply these techniques consistently
 

TrapLok

Recruit
Messages
136
Indeed, risk and capital management are important, but there is also trading psychology that must be understood well. I find that this is most challenging part of trading as psychological issues must be learnt by each individual trader. It is not something that you can learn from books
 

nahiyar

Private, 1st Class
Messages
816
Forex is a business to make money with it. How much you can make it is up to your skill and experience. High expectations and just spend life for forex is not a normal routine. Make a schedule when and how to trade. It will bring discipline an your family life as well as business. Forex can bring money but with limits not think of to be a millionaire in no time.
Certain;y we can not be a millinaire in no time. Forex is a business of passion and patience. Just try to make a feasible routine that will not bored you nor you fell over burden and tense situation. Be relax when you are going to trade . Inthis way you will be very automated as analyze market and make your plan for risk management to get your target. If you try too hard it will be a distraction for your trading psychology.
 

Albert Dcosta

Private, 1st Class
Messages
68
Excess of everything is dangerous even when you are skilled do not sped a lot of time in trading. Just get your prefered pips of profit and quit trading. You will avail more trading next time , it is better to get boarded and do trading in tense situation. You disciplined life is important where you give time to all aspects of life with trading routine.
 
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