September 25, 2017 at 11:41 am #10258
Brokers in Forex are always expecting that their traders will keep on trading the market even if they are losing all of their investment. This is not right. Just because this is the biggest financial market in the world that does not mean you should blow up your money by trying to become a successful Forex trader. There are plenty of ways to Forex success, and if you cannot get a hold on any of them, it may be the time for you to quit the market.
This article is very relevant for all of the traders and also for the people who have not invested but thinking to spend. No brokers will tell you to quit in Forex as they have their interest. The more you spend your money in Forex, they will always receive some commissions from it. Whether you are losing or winning money is not their headache and therefore, you will never have heard any broker suggesting their clients quit Forex trading. As a responsible Forex trader, we believe it is your duty and our moral responsibility to tell you when it is the best time that you do not trade in Forex. You quit the market once and for all.
Losing your investment: If you are losing money and you are nearly down on your investment, it is the best time that you quit Forex. You should withdraw any money that you have in your Forex account and also try to withdraw all of your bonuses for the brokers. You could not get all your bonuses in your hands, but it will give you some money in your hand.
The professional Aussie traders believe that saving the investment should be the main concern of the novice traders. Most of the new retail traders blow their online trading account within first six months. So instead of thinking about making money, you should always think how to learn the perfect art of trading. Being a new trader, everything will be tough for you. Success is so hard that if you don’t love trading than you will quit sooner or later. Without having high patience, devotion dedication it’s nearly impossible for any certain individual to become a successful trader in this world.
Could not understand after many years: It is said that traders can understand the Forex market within one year. If you still could not understand how traders are making money in Forex after spending many years, may be Forex trading is not for you. Don’t cry as you have many opportunities open to you.
You are getting indebted for Forex trades: If you are going indebted for your Forex trades because you are losing and borrowing money from other people, you should quit your trading. Before you lose all your money, leave this industry. Making money in Forex is very hard, and there is no need to make it more difficult by losing money for Forex.
You will trade the market only to make your life better. But if kept on losing money on a regular basis this industry is not the perfect place for you. Many rookie traders often think that they are losing money due to their small trading account thus they borrow money from other people. But if you can’t trade the market with a small amount of deposit then you can never actually become a successful trader. Even $100 trading account is fine for you to learn the art of trading. Try to double your initial investment without risking more than 2% of your account capital, and you will realize how hard trading is. It is not a get rich quick scheme. Only the knowledgeable and dedicated person will shine in the financial world. If you think that you can take all the heat of this market and learn all the details of this market, then you should never quit.
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