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Thread: Long Term Success

  1. #1
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    Long Term Success

    hi forumites
    I want to share that Long Term success is all about minimizing your risk....
    That is why we have to take some steps:

    1. Risk a Fixed % of stop loss according to your account like 5% or 3%

    2. Cash out portion of your trade when you have profit in your side.

    3. Secure your stop loss

    4. Discipline

  2. #2
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    yes i agree with you we have lesser risk in long term trading than short term trading but we cannot get result of our trade soon in long term ...

  3. #3
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    yeah no doubt long term strategies are less risky but for that we need good time to spend for trade also need big capital to trade more then one day which is also called swing trade.

  4. #4
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    really no question long lasting techniques are less dangerous but for that we need fun to invest for business also need big investment to business more then one day which is also known as move business.

  5. #5
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    Your planing and rules are excellent, every trader should follow the rules and his own strategy if he want success every month in forex market. Emotions controlling is also very important

  6. #6
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    Your planing and rules are good, every trader should follow the rules and his own strategy if he want success every month in forex market.really no question long lasting techniques are less dangerous but for that we need fun to invest for business ..

  7. #7
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    yeah these things are important for long term success and most important is risk and money management using stop loss and disciplined according to capital. also we should be patient and continue our learning process.
    Nothing is impossible, the word itself says 'I'm possible'!

  8. #8
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    Your planing and rules are excellent, every trader should follow the rules and his own strategy if he want success every month in forex market. that is the technique of long term success

  9. #9
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    Long term success is not an easy thing for this pupose we must strick in some rules , we must have the make risk free long term trades which is good , and money management is also necessary for success.

  10. #10
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    Quote Originally Posted by Afaq Khalid View Post
    hi forumites
    I want to share that Long Term success is all about minimizing your risk....
    That is why we have to take some steps:

    1. Risk a Fixed % of stop loss according to your account like 5% or 3%

    2. Cash out portion of your trade when you have profit in your side.

    3. Secure your stop loss

    4. Discipline
    Very nice planning pal. Applying proper risk management is very important to survive and growing our business (forex trading) now and the future. For additional suggestion, we need to focus all of them (number 1 till number 4).

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