I'm not Greedy - I want real and consistent positive monthly return
Risk per Trade = 1% (for SL around 30 Pips) and u can make around 3%-10% when u are not greedy :)
Originally posted by SebastianRisk per Trade = 1% (for SL around 30 Pips) and u can make around 3%-10% when u are not greedy :)
You forgot to mention an important condition to acheive 3% to 10%.
That condition is successful strategy. Acheiving positive return, in forex, for long period is only possible if a trader has good strategy.
Consistant profit is very much difficult without knowing the Technical Analysis and considering the fundamental news. But the most important thing to get consistant profit with previous two option is Money Management. If you don't know MM rules properly you don't get consitant profit though you are a wave analysist. So consistant profit is depend on good MM rules.
Hope clear.
Thank you
Yes that are the great rule you have mentioned , and remember dont belevie in Fear and greed as well , you ll lead to loss if you think about them.
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i must remember a thing that greediness is not good for a forex trader so i try to remove greediness from myself.actually i think this is the main resistace for a good trader and i want to be a expert trader so i must remove this kind of bad habit from my mind when i want to be a good one.
dear in my case i am try my best to accept low profit in forex and also stay away from greedy trading because if you want steady income then i think low profit and money management is most important role in forex trading and i am also follow that