95% of traders fail - page 5
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Wise people say that you do not have to invest more than 20% from your investment portfolio into risky actives like Forex so it is better to have some reliable actives in your portfolio as well. In this case if you became one of these 95% this will not affect you too much
Wise people say that you do not have to invest more than 20% from your investment portfolio into risky actives like Forex so it is better to have some reliable actives in your portfolio as well.
Actually, I agree. I diversificated my investment into different variants, so forex has only the one part of total amount. That helps. And this makes you less nervous, what actually affected your psychology in trading.
You give the best advice, bro. And for me, to be patience and control my emotion while trade is the hardest thing to do, that's why till today I like to participate in forex contest to give me more experience in trade and how to manage my emotion.
Yeah, we must control my emotion if we wanna be a successful trader... I also try to participare in forex contest from my broker, fbs to learn to control my emotion..
Yeah, we must control my emotion if we wanna be a successful trader... I also try to participare in forex contest from my broker, fbs to learn to control my emotion..
Do you think contests can help with psychological issues? I have believed that we have different approach to them so we can't learn something from contests to trade efficiently..
that's correct
that's correct
Why traders fail
My best bit of advise is Trade what you
SEE
not what youHOPE
.But the HOPE is sooooo nice (the expectation of hopes getting fulfilled)
:):)
Without joking I have an impression that you can tell them million times and they are not going to believe you. Not just that, they will think that yu are hiding some big secret and that you are trying to "divert" them from a right direction.
My best bit of advise is Trade what you
SEE
not what youHOPE
.Well, trading on Forex seems to me something like casino and maybe real life where 5% of people wins and have a lot of money, and other 95% are as usual not. But everyone wanna to be in these 95%.
I guess we could take 5 random time , then we also pick 5 numbers (odd , going up)
then find that bar and bet in the middle -- just like we open our MT4 and bet -- could do it in random.org for 5 random time picker
and see whether those are winning or losing, say 1 day each random time occurence, must exit the previous day trans the following day
------ now, euraud at 1-2251, I don't even know which way will it go next (it is above 50EMA)-- barely -- take a guess is all we could do
Q-95% of traders fail ?
A-because the other 5% are always "high"