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Do not go overboard with Forex Trading!

Discussion in 'General Forex Talk' started by dhaniram, May 31, 2019.

  1. dhaniram

    dhaniram Recruit

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    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!
     
    JamesForexSlayer likes this.
  2. nahiyar

    nahiyar Private, 1st Class

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    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.
     
  3. 7Bulletin

    7Bulletin Private, 1st Class

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    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.
     
  4. EuroTrader

    EuroTrader Sergeant Major

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    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.
     
  5. scott11

    scott11 Recruit

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    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
     
  6. TrapLok

    TrapLok Recruit

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    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
     
  7. TJ Forex

    TJ Forex Private

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    Just plan your risk management and you will be fine.
     
  8. nahiyar

    nahiyar Private, 1st Class

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    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.
     
  9. Albert Dcosta

    Albert Dcosta Private, 1st Class

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    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.
     
  10. pashaev

    pashaev Private, 1st Class

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    To trade in order to live, not to live in order to trade. :cool:
     

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