adamsmiths Posted June 15, 2018 Share Posted June 15, 2018 There are many types of traders and not all the people are as humble as you are. You will find some people who do not know any manners and they will always s try to take down the market. The only thing they cannot do is fighting with the market in arms. If you are an arrogant trader and you have lost of ego, it will be hard for you to reach success in this industry. This market does not care for anyone except the news and information. This news and information also become useless if you are only listening to yourself. Sometimes you have got to give importance to another person over you to make money. The humbler you will be the more wisdom you can gain. This article will tell you why only skill and performance can bring success all the time. You also need your humbleness to become successful. Those who are relatively new to the retail trading industry always trade with huge risk. But have a look at the experienced professionals. They are always assessing the risk factors prior live trade execution. No matter how hard you try you will always have to face losing trades. So it’s obvious you will never to trade with proper money management. It’s true the aggressive traders have more trading opportunity but this doesn’t mean they are always winning trades. Conservative trading system Conservative trading strategy is often considered as the simplest way to protect your trading capital. Being new to the retail trading industry, you need to learn the proper way to trade the key support and resistance level. Some of you might trade with other people trading strategy but this is not the proper way to make a profit. You have to develop your trading strategy based on your personality. Try to trade the market along with the market trend since it is one of the easiest ways to protect your trading capital. Be smart and trade with rational logic. Make sure you have the best online trading account so that you can experience the best possible trading environment. Never let your emotions to trade on behalf of you. Think smart and act logically. Humble traders are not arrogant This overconfidence has murdered many traders of the currency market. They started their career with a good start and they kept on making money. They even increased their investment and become more confident as their success do not stop. They make some good amount and they get overconfident. They thought they have got the market and lost their money when they set big position sizes or leverages. You cannot let arrogance come to your path of trading in any way. It will not only destroy your career but also make you overconfident. This market has many things to offer and it will take a lifetime for a trader to completely understand the market. The best you can do is always respect the market and try to learn new things. Never get overconfident. The moment you think you are on top of the market knowledge, you will realize you are only at the starting of understanding the trends. Let go of your ego, accept your mistakes All people do mistake in their career but it is the humble Forex traders only who can accept the mistakes. It is the ego that prevents the traders from accepting their mistakes. Never argue with yourself if you have done any mistakes. There are many ways you can overcome the mistakes and it is also a part of learning. All novice traders begin their career with mistakes and with time they begin to develop their strategy. If you are not humble and you have an ego in your heart, it will be not possible for you to progress in this industry. Be humble and take any lessons with importance from the traders. 1 Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted June 20, 2018 Share Posted June 20, 2018 Well it should be trader's choice that what they choose to follow. There are types of traders who are comfortable with conservative method and there are traders who can do good with aggressive method. So they should find out what method they want to trade with. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted June 20, 2018 Share Posted June 20, 2018 Traders are not comparable. Here in the forex market traders are not obviously similar. If a trader tries to adopt conservative trading approach or tries to take smaller risks he is not very much wrong actually. Each forex trader will require sufficient trading skills to make right decisions. But following others can’t help a forex trader fully; he should adopt trading strategy as per his trading requirements. Otherwise it won’t help a retail trader to achieve his success. Quote Link to comment Share on other sites More sharing options...
ElliotHarris Posted July 29, 2018 Share Posted July 29, 2018 Thanks for advices but the forex trader destiny is on his own hand. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted July 30, 2018 Share Posted July 30, 2018 I really agree with that. that's why traders should be able to better and more maximal again in managing funds and risks that exist in the account with better and more leverage than ever. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted August 31, 2018 Share Posted August 31, 2018 Believing in your own plan will make sure that you stick with it when the price goes against you temporarily. Confident traders make solid decisions, stick to their plan because they believe in it and will have better results overall. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted September 4, 2018 Share Posted September 4, 2018 Believing in your own plan will make sure that you stick with it when the price goes against you temporarily. Confident traders make solid decisions, stick to their plan because they believe in it and will have better results overall. Well said and agree with you. Traders should have trust in their own trading methods. If they don't then they should go back to demo and try to improve themselves so they can gain that confidence and trade based on their own ideas. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted September 13, 2018 Share Posted September 13, 2018 If you fail in planning, you have definitely planned to fail. Moreover, survival is better than failure & it should be the primary goals for new traders as they can explore more in the Forex industry. Quote Link to comment Share on other sites More sharing options...
oliver1007 Posted September 16, 2018 Share Posted September 16, 2018 a well plan before you start the trading activity can save you from loss. Even if you got loss you never loss all your money. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted September 26, 2018 Share Posted September 26, 2018 If you fail in planning, you have definitely planned to fail. Moreover, survival is better than failure & it should be the primary goals for new traders as they can explore more in the Forex industry. Agree with you. Many people try to make profit right away when they start trading but they forget that the market will not give them profit. They have to find a way to make it themselves. Quote Link to comment Share on other sites More sharing options...
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