Now
a days the popularity of forex trading is increasing day by day. But
sorry to say the percentage of failure is increasing rapidly. People
take forex trading as a money making machine. And after facing loss the
leave forex and try to publish rumor that this is a money losing
business. Here I try to make comparison between successful trader and failure trader:
Successful trader: ( Self learning is the best learning)
Evergreen learning attitude. Never think he knows all... Try to be student always.
Try to develop own trading strategy. Its very important.
Before making any new trade they fast about probable risk and reward ratio.
They maintain proper money management ratio. and stick on it.
Never focus on others strategy rather they always confident their own strategy and system.
They have high determination about their capability, still and target.
They belief that making money in forex is not a big issue rather sustaining here for long term is the main issue.
They always focus on consistent profit. Never gambling in market.
They belief that one trade is better then making lots of trade.
Try to help others,
Finally they think, loss is just a part of business but final destination is to be a successful and happy trader. :)
Failure Trader: ( signal is the desire issue of forex :
Always focus on profit not learning. They consider demo account as a game, not learning source.
They always think ( his strategy is good, my strategy is not good.)
Always check strategy, feel hesitation and finally face huge loss.
Make plan for short term purpose, and think its money making machine.
no analysis, no thinking about risk and reward ratio. Always think about profit profit and profit.
Don't have own satisfaction, confidence, patience, money management plan, trading plan, etc.
Always depend on others...belief on signal.
And so any other issue that I feel now my previous lacking.
SO guys we have to success. we have to find out lacking and also have to take proper corrective action.
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