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Importance of positive feedback on your trades


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The time, traders underestimate themselves. They see the Forex masters as some kind of God and always say why they can’t be them. It is their present. If you look back into their lives, you will find that these Forex masters in the exchange traded funds community were once also like us. They used to place a trade on the market and lost trades. They did not have a strategy and tried to follow the strategy from other people. They developed your strategy and made consistent profit in the market and become a successful trader. There is one difference that separates themselves from the other traders. They always made a feedback on their trades. This feedback was positive. They do not get sad like the other traders and made a feedback that only made them sad to lose money in the market. This feedback was full of positive reports from their trades and learned from their feedbacks. They became successful by making positive feedback on their trades.

 

Necessity of feedback

Most traders in the market do not make feedback. These feedbacks give these traders the summary of their trading. When you are not making a feedback, you do not get the picture of what has happened to your trading in the last week. You only try to guess. You do not know how much you have lost in the market, how you placed your trades and what went wrong in your trades. Making and reviewing feedbacks of trades help the traders to analysis their trade strategies. The expert traders at Saxo always assess their trading performance in the market since they know it is extremely important to enhance their trading career in the market. If you truly want to become a profitable trader in the exchange traded funds community then you need to trade the live assets with perfect trading parameters.

 

Also, this feedback also needs to be positive. There is a saying” Miracle happens when you separate yourself from negativity”. This is true. When you are thinking and doing positive and trying to make it work, it also helps you in your trading. If you have made a wrong trade, know what your mistake was and try to learn from it. If the market was moving and you lost your money, know what your entry timeframe was and when you lost your money in the market. Made a positive summary of your feedbacks. Do not underestimate yourself. Every trader in the exchange traded funds community can be a great and successful trader. You have to learn from your mistakes and positive feedback helps the trader to trade with more success.

 

Control over emotions

Emotions can be extremely dangerous for the professional forex traders in the financial market. Most of the novice traders blow their entire trading account in the market due to their emotional trade execution. They simply execute their trades in the market without doing the perfect market analysis and incur heavy losses. It’s true that if you are relatively new in forex trading then controlling the emotions can be really difficult but if you are determined to make a profit in this industry then within a few months you can easily master the art of solid trading discipline. But always focus on high-quality trade execution in the market to reduce the risk exposure in trading. Never trade with the money that you can’t afford to lose.

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