Know your limits while trading in forex

[Namu]

21 hours ago, Gidencenti said:

well, if you do not take into account your limits, and work for capital completely, then you can merge quickly and a lot

first understand how traders work and manage their capital so they can learn various ways of working, so that they can be mastered and understood properly so that when they enter a real trading account they will master the various ways of trading at FreshForex broker and study hard.

[gds221]

It is very important for yourself to set certain boundaries, which are really not worth breaking. For example, when I first started working with a broker from Amarkets, I replenished with the minimum possible amount of $100.

[Gidencenti]

you always need to understand when to stop or take a pause, without this you can easily drain everything

[Vaabum]

It is extremely important for the trader to know his limitations and not jump above himself. This is really a path to success that will allow you to get the desired result.

[Viran]

It often happens that when we do not know the boundaries and limits of our trade, we, as a result, make mistakes that lead to losses.

[Viran]

Basically, brokers make money by setting certain spreads for currency pairs, which is why I choose Amarkets broker, because the spread suits the broker, he earns, and he does not bother me.

[Vaabum]

This is a really important aspect for a trader. It should be understood that in the worst case, a trader can simply receive losses, and this is not the best outcome for work.

[Hudson]

It is important to know where to stop in trading because the market is not the same, and it might change constantly depending on the currency prices. So always keep a limit when trading in the forex market.

[Upoctin]

Forex traders lose their money quickly because of poor risk management and, even worse, no risk management. Risk management is crucial in Forex trading, including day trading. It is possible to be a good trader and still lose money due to poor risk management.

[Vaabum]

This is a really important task for a trader. I advise you to pay maximum attention to this.

[Dora Wi]

It's good advice that every trader should know their own limits. Something that is attainable for one trader might not be for another one. Setting realistic goals and not overtrading is important.

[Vaabum]

This is really important to know and understand. Otherwise, it will be quite difficult not to lose extra money.

[bigxy]

On 1/26/2022 at 1:24 PM, Dora Wi said:

It's good advice that every trader should know their own limits. Something that is attainable for one trader might not be for another one. Setting realistic goals and not overtrading is important.

We can better sit and check what kind of trading style suits our personality some are short term traders / scalper and some are long term traders.

[Vaabum]

As for me, it is really important to pay attention to this in order not to get losses.

[Dora Wi]

On 2/3/2022 at 7:43 PM, bigxy said:

We can better sit and check what kind of trading style suits our personality some are short term traders / scalper and some are long term traders.

Definitely, you are right about this. And we also have to factor in our lifestyle, such as how much time we are able to set aside for trading and how out schedule can be brought in line with our goals.

[Vaabum]

This aspect is extremely important. For in the worst case, you can get not the most pleasant result.

[FXOpen Trader]

9 hours ago, Vaabum said:

This aspect is extremely important. For in the worst case, you can get not the most pleasant result.

We will need to learn how to do our trading within the limits so that the losses remain as limited.

[bigxy]

We can better find what sort of trader is hidden inside us and start focusing on developing it.

[Vaabum]

It is important to understand what ignorance of the limits can lead to. If you invest too much money in one transaction, in case of a loss, the amount of losses will only be greater.

[FXOpen Trader]

On 2/16/2022 at 8:28 PM, Vaabum said:

It is important to understand what ignorance of the limits can lead to. If you invest too much money in one transaction, in case of a loss, the amount of losses will only be greater.

We will need to learn our trading in a way so that the losses will remain limited for us.

[Vaabum]

It is definitely worth knowing the limits and in general the features of the work. Otherwise, the results may partially upset the trader.

[bigxy]

The chances are either these traders may blow up their entire account within no time and this is not something unusual, it happens most of the times to arrogant new traders.

[Vaabum]

It is very important to assess your capabilities and feel your limits. In my opinion, this aspect plays a rather important role for a trader.

[FXOpen Trader]

On 3/9/2022 at 6:01 PM, Vaabum said:

It is very important to assess your capabilities and feel your limits. In my opinion, this aspect plays a rather important role for a trader.

When our trading is done with the help of good plan we can get more success.

[Vaabum]

It is important to understand that limits for traders are an important aspect. This is really worth bearing in mind.