What are the things we need to keep in our mind while trading?

[Hate2Wait]

We all like to make money and with trading we can expect better earnings and there is higher risk of losing all our savings so what are the things we need to keep in mind while trading?

 

[Bisolami]

We all like to make money and with trading we can expect better earnings and there is higher risk of losing all our savings so what are the things we need to keep in mind while trading?

The major thing we need to keep in our mind is that we should not be greedy while trading because if we are greedy Traders we tend to lose our money

 

[Shavkat]

I think we need to be mindful when it comes to changes of prices. There are times that we need to know the changes in country's economy.

 

[Bisolami]

I think we need to be mindful when it comes to changes of prices. There are times that we need to know the changes in country's economy.

And that is why a trader should be able to catch every action of the chart. Any single mistake can make him or her lose his money

 

[hastral45]

While trading, let your mind be free from any anxiety. Let your mind be stable. Also prepare your mind to take any loss if it happens.

 

[cherry123]

We all like to make money and with trading we can expect better earnings and there is higher risk of losing all our savings so what are the things we need to keep in mind while trading?

I think with trading no one should not greedy because if you do , you would lose money.

 

[Bisolami]

While trading, let your mind be free from any anxiety. Let your mind be stable. Also prepare your mind to take any loss if it happens.

If you trade with anxiety, you will lose because your mind is not settled. That is the fastest way to lose a trade

 

[hastral45]

Anxiety is the problem in trading. Remain focus and trade with calm. Don't be apprehensive when losing. Keep concentrated.

 

[Sanjeev]

Main thing we should keep in our mind is that we should fix our limit and should not be greedy thinking that we will earn profits in a day.

 

[Bisolami]

Main thing we should keep in our mind is that we should fix our limit and should not be greedy thinking that we will earn profits in a day.

Exactly
Some people are very greedy that they always lose their money at the end of the day. They end up regretting it

 

[Sanjeev]

Exactly
Some people are very greedy that they always lose their money at the end of the day. They end up regretting it

Trading is like a gamble, there is no guarantee that you'll have a profit only, one should ensure that he/she may have a minimal loss.

 

[Hate2Wait]

The major thing we need to keep in our mind is that we should not be greedy while trading because if we are greedy Traders we tend to lose our money

Yes it's a good advice and this makes me think that we need to have a target to achieve that shouldn't be so hard and we don't need to achieve bigger profit in a day.

 

[Sanjeev]

Yes it's a good advice and this makes me think that we need to have a target to achieve that shouldn't be so hard and we don't need to achieve bigger profit in a day.

When we aim for big profit we tend to lose our money. It's better to aim for low profit.

 

[Hate2Wait]

When we aim for big profit we tend to lose our money. It's better to aim for low profit.

Yes having some sort of plan does help and with that we should aim to earn part of profit and shouldn't go for a higher amount

 

[Bisolami]

We all like to make money and with trading we can expect better earnings and there is higher risk of losing all our savings so what are the things we need to keep in mind while trading?

The best way to trade is by not being greedy because I have noticed that a lot of reading traders end up losing all their money because they want to make huge profits at once which seems not to be possible

 

[flower]

All the things to keep in mind while trading is that trade comes with a lot of risk and we should always try as much as possible to limit risk.

 

[Springtime]

My brother is in textile trading business. He imports textile from China and export to his customers overseas. For trading, you need to have trustworthy and reliable suppliers. You also need to keep your customers happy by offering the products on time and with high quality. Cash flow management is also important in trading business. You sometimes need to pay your suppliers first before getting paid by your customers. A good relationship with banks can help a lot.

 

[Raja]

I think we need to be mindful when it comes to changes of prices. There are times that we need to know the changes in country's economy.

I think we need find ways to get notified on certain events or need to keep looking at the prices so we don't miss an opportunity to sell or buy

 

[Edulady]

When you lose 10% of your money in a single trade it's time to stop for the day, go through your moves, identify your mistakes and regroup for tomorrw.

 

[Reedex]

There are lot of things we need to put at the back of our mind while trading and a typical example of one is experience.