Who is Biggest Enemy of a New Forex Trader ? - FxGhani Trading Learning Place

Hot

Click and Open Account, Join FxGhani VIP Signal Group Free

.. .. ..

Who is Biggest Enemy of a New Forex Trader ?


So Guys i will tell you who is your biggest enemy in trading.
i am sure you read many articles on internet about this topic , and you find these points below . But Here i will introduce new biggest enemy. So Read Full Post Carefully.   

1.    Fear
2.    Greed
3.    Emotions
4.    Lack of knowledge
5.    Lack of patience
6.    Lack of experience
7.    Lack of risk management
8.    Lack of money management

Who is Biggest Enemy of a New Forex Trader ?

Yes these are your enemies but now i will tell you who is Biggest Enemy.
So Guys Your Biggest Enemies are Signal Provider Groups on Facebook , Whatsapp , Telegram ect .
if you beat above 8 Enemies , and you think now you are a Profitable trader , its wrong thinking .
Now i will tell you some situations . How these Signals provider Groups effect your trading .

1.    You do your own analysis , Follow all rules of your Strategy,
       Follow money management, do all things but before you enter
       trade , Suddenly a Signal Provider Group Notification Appear,
       Mostly Text is .. Buy / Sell at CMP ( Current Market Price  )
      And Mostly Signal against your analysis.. Now you see
      Number of group members they have massive following.
      So you change decision and follow Signal Group.
     Guess what next  SL Hit .. But  Suppose TP Hit and Signal
     Provider was Right. Now Think what you do ,You Break all
     your Rules . Which is bad thing for your trading career.
     Through this you can't earn from forex long term ..

2.   You Follow your all rules and complete your daily target . 
      Now you should close MT4. But Before you Close MT4
      Suddenly a Signal Provider Group Notification Appear, For
      example text is Confirm Buy Setup for 50 Pips , Buy CMP  .
      Even your daily target complete but i am sure you take risk and
     take trade , Mostly new traders do this and wanna earn some
     daily extra pips . Now here many things happen .    

a..   IF SL Hit . Lose less form your daily target . 
       Now whats your thinking ?  You do more trades to complete
      daily target again. But now with recovery and aggressive
       mindset Which is bad for your trading career .

b..   IF TP Hit . You gain some extra Pips which was not already
       planned . So when this situation occur again you take risk
       again and wanna earn some extra pips . But remember this is
       forex trading here nothing is 100 % ..  When daily target
       complete never enter in a market again same day . if you do
       this you Break all your Rules . Which is bad thing for your
       trading career. Through this you can't earn from forex 
       long term .
............................................................................................................

Now my Pro Recommendations ..

So the main thing is never break your rules..

Never join free signals groups .

Never join paid signals groups .

Now Leave All Signals Groups .

Unfriend/Un follow  all your unnecessary facebook forex related friends . Coz many time they also post signals /analysis and wanna increase clients for paid bullshit signal groups promotion.
...................................................................................................

Now Leave your Comments Below if you agree with my thinking .

Post Top Ad