Don't stay in market after making profit

This is like rule 101 for Forex traders. The most common way of losing your profit in your money in Forex is by staying in the market even after when you have made a good amount of profit. Profit is so hard to make in Forex and if you can do it, it is the first and foremost duty to close your trades and take the exit from the market. Yet this simple task cannot be done by many traders and as a result, they lose all of their profits. When they have decided that they will quit the market and they have made a good profit, the trend has changed and they are losing money.

In our article, we are going to tell you why traders could not exit the market after they have made their profit. Is it their greedy mind or they do not understand when they exit? All of these will be clear to you once you have read our article.

Most traders become greedy

Traders are not greedy when they first came to this market. They only know that this investment market is the biggest market in the world and they would be very happy to get a small piece from this large industry. They begin their trading and get to know many other professional traders of this Forex trading. When they know that all these traders are trading in large money and they keep their trades open in the market for making a profit, they do not understand these traders ate professional in Forex and only keep their profits open and running when the market is in their favor. The new traders do not understand this and they also want to make a large amount of money like these professional traders. This is when traders become greedy and to make their profits as big as they can make, they do not exit the market when they make a profit. They are not happy and want to make their profits even bigger.

Why could they not exit after realizing?

They could not exit the market after realizing that the market is going to reverse because they keep hoping that the market will be back in the trend and they will make money. They also could not accept they will lose money in their Forex trading account. This does not happen all the times and most traders who have been in Forex market only lose their money. The trend does not return and why they have realized that they have lost their money. But the market trend will not remain forever. This market is dynamic in nature and very often the long term trend gets changed. If you are new to this trading community then you should develop a strong mental stability or else it will be hard for you to make quality trades. Once a single trade hit your potential take profit stop trading for that day.

Focus on quality trade setup

When the retail traders win a big trade they become anxious to place their next trade. Most of them don’t analyze the market perfectly in the second time and ultimately lose a huge amount of money. You need to learn to control your emotion if you want to survive in this industry. All the professional traders also face such type of problem during their initial stage but they were devoted to their trading discipline. Without strong devotion and patience, you can’t overcome this problem. You need to have the stable mentality to master the art of trading to make profit consistently.

Summary: As a trader, you should always focus on quality trade execution. If you execute another trade immediately after a big winner then you won’t be able to do the perfect analysis. So it’s essential for you to take a small break after the closing of running trade.

Views: 30


You need to be a member of Kamazooie to add comments!

Join Kamazooie

Kamazooie is where ordinary people become extraordinary. Share your great life experiences here.

Experience is not what happens to you, its what you do with what happens to you.

    Aldous Huxley

Blog Posts

Importance of Laboratory Cabinets

Posted by Jack Smith on February 12, 2018 at 6:14am 0 Comments

Science laboratory cabinets are indispensable to the scientific community. That is because the study of science does not only involve the study of scientific theories but also necessitates the demonstration of the theories by conducting practical experiments. Hence there is a flourishing market for laboratory furnishings. There are several companies that specialize in the…


Out-of-the-box Benefits related to Hospital Plans

Posted by Jack Smith on January 31, 2018 at 3:02am 0 Comments

Life expectancy has gone down to a great extent when compared to earlier generations. A person can be afflicted by various kinds of illnesses, diseases, ailments even before reaching their 50s. Medicine, hospitals, pharmaceuticals are a booming sector now due to frequent cases…


Advantages of using Data Mining in Marketing

Posted by Jack Smith on January 19, 2018 at 1:42am 0 Comments

The most important unit of this world is knowledge and this is something that distinguishes a man from an animal or one person from another. This knowledge can also be termed as data that is essential to every kind of business firm and commercial sector. There are huge…


5 Essential Appliances to Furnish Your Kitchen

Posted by Jack Smith on December 22, 2017 at 3:39am 0 Comments

Modern kitchens are all about utilizing cooking appliances for saving time and effort. From cooking dinner on a Friday to breakfast on a Sunday, appliances take care of all of these by offering an efficient alternative to household tasks that would’ve otherwise required considerable…





  • Add Videos
  • View All

© 2018   Created by truly inspiring people.   Powered by

Badges  |  Report an Issue  |  Terms of Service