Do not go overboard with Forex Trading!

[walpants]

good risk and money management is essential, with that and a clear plan forex is a great business

 

[nahiyar]

Money management is an essential part of forex trading. It is a skill that makes a trader a good trader. Without money management just dreaming of making money will remain a dream. it will never come true until you do not get the skill of right planning and money management. All extremes should be avoided in trading because extremes and emotions will distract a trader to those expectation that are not going to be fulfilled.

 

[carnelian]

Forex itself is a good business if we use it in a proper way. Working with forex for many years I understand the thing that whenever we are in ignorance mood we can loose. A trader needs to be very alert in handling risk, managing it and first deciding what, when and how he will do trading. Over trading, over expectations and overconfidence all are dangerous.

 

[JamesForexSlayer]

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!

Yes 100%

 

[Citaub]

Pashaev, you said it so nicely. Dont let trading to be your master, you should be the one to master this market. I think that traders forget about this fact from time to time and easily become slaves of the market. In this situations, I think that it is best to move from market for some time

 

[EuroTrader]

Yes, you indicate the exact point when we are in loss even we are good traders. It is ignorance that involves in loosing trades. At times, we take it easy we not manage trades and risks accordingly. Any adverse situation can play its role and we have to bear loss due to our overconfidence or mismanagement.

 

[Notati]

It is not always ignorance to blame for loss in trading. Sometimes, market has its own crazy day especially when there are a lot of side and unexpected news. So, loss happens, but the crucial question is how you manage risks in your trading

 

[JamesForexSlayer]

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

Well put!

 

[JamesForexSlayer]

It is not always ignorance to blame for loss in trading. Sometimes, market has its own crazy day especially when there are a lot of side and unexpected news. So, loss happens, but the crucial question is how you manage risks in your trading

The market is a tough mistress

 

[fxoday]

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.

Yes, usually if over exited, then what happens is opposite from expectation, besides forex very promising as one great source of income, but as trader also need to pay attention with the risk, no perfect trader, as retail trader is like as one small fish on dept of te sea, there are so many predators that want to beat us, choose reliable broker is one way to minimized these risk