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mohsinqureshii

Profits or Loss - Keep Your Self Up.

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Trading is a game of wining and loosing money - Many traders have different activities while they are trading.

 

What are your activities to keep your self up and have a trading break specially when you are loosing money and market tends you to put more positions to re-cover your losses.

 

Obviously profits are enjoyed in different ways but whenever I loose money I used to go on walk and have a trading break and they effects a lot to me.

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This is a question that alludes many I think. When a losing trade occurs one must deal with it their own. On every trade that I make whether it is successful or unsuccessful I forget about it after it is over. If I have a bad day I like running on the beach, hitting a punching bag, or playing basketball. Clear the head, so when I come back I have no presuppositions about the market.

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Trading is a game of wining and loosing money - Many traders have different activities while they are trading.

 

What are your activities to keep your self up and have a trading break specially when you are loosing money and market tends you to put more positions to re-cover your losses.

 

Obviously profits are enjoyed in different ways but whenever I loose money I used to go on walk and have a trading break and they effects a lot to me.

 

try to keep my mind at ease. sometime I listen to my fav. music. at loosing condition, for now i'm not really taking this situation, and mused along losing trade. its always part of game in the vary beginning, accept that fact then you can relax.

important thing, when profit how much we can get, when at loss how much we should care to loss. keep both side in balance would be helpfull.

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The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage. When approached as a business, forex trading can be profitable and rewarding.

 

traders can avoid losing money in forex by:

 

Being well-prepared

Having the patience and discipline to study and research

Applying sound money management techniques

Approaching trading activity as a business

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Every trader should be ready to face success and failure, and specially be trained for the second one. Emotions don't have to affect your trading and when they do the best is to take a break and refresh the mind with whatever we like doing (yoga, exercise, cooking, meditation...). If you get stuck and keep trading, surely you will end up making bad decisions.

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The best way to rest and clean your mind is to change the type of your activity. So since we're talking about sitting by computer, the way to rest is like any activity: take a walk, play some sports, ride a bike...

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    • Date : 20th April 2018.

      MACRO EVENTS & NEWS OF 20th April 2018.



      FX News Today

      European Outlook: SNB’s Jordan sees no need for change in policy. The Swiss central bank President told Bloomberg last night that “there is no need to do anything regarding monetary policy at this morning”. Speaking after the CHF broke through the 1.20 per euro mark for the first time since the SNB gave up that ceiling, Jordan said the franc’s drop goes in the “right direction” but added that the currency is still considered a haven and the situation “fragile” and prone to change. So the SNB “remains very prudent” and “convinced that the current monetary policy is still necessary”. Further confirmation that the SNB is firmly on hold while watching also the ECB’s move very closely. If and when the ECB finally starts to reign in its support it will also increase the room for the SNB to manoeuvre. Bloomberg polls predict the first rate hike from the SNB in the last quarter of 2019.

      US Updates: Revealed a Philly Fed rise to 23.2 in April and a 1k initial claims downtick to a slightly-elevated 232k in the BLS survey week of April. The ISM-adjusted Philly Fed beat estimates with only a small April drop to 59.7 from a 45-year high of 61.8 in March, thus outperforming Monday’s Empire State where we saw an April drop to 15.8 from 22.5 with an ISM-adjusted decline to 56.2 from 57.3. For claims, the trend remains tight despite modestly higher readings over the last three weeks, as the moving Easter holiday and school breaks often distort April claims. We still expect a 210k April nonfarm payroll rise. The weekly Bloomberg consumer comfort index hit a third consecutive new cycle-high in mid-April of 58.1, and leading indicators rose 0.3% in March to leave a 22-month stretch without a decline, and a rise in the 6-month annualized reading to a lofty 8.8%

      Charts of the Day



      Main Macro Events Today
        CAD Retail sales – Expectations are for an improvement of 0.5% in February after the 0.3% gain in January. The ex-autos sales aggregate is expected at +0.3% after the 0.9% gain in January. The CPI’s gasoline price index edged 0.7% lower in February after jumping 3.2% in January following a 3.3% drop in December. % m/m inline with expectations CAD CPI – Expect March CPI, due Friday, to expand 0.4% (m/m) after the 0.6% surge in February. The annual growth rate is projected at 2.5% in March, up from the 2.2% y/y pace seen in February that was the fasted rate of CPI growth since the 2.4% pace in October of 2014. The BoC took the recent CPI climb in stride, viewing it as in line with their outlook. The temporary factors that had been restraining inflation, the Bank explained, “have largely dissipated, as expected.” The close to 2% core inflation rates are consistent with an “economy operating with little slack.” Inflation in 2018 is expected to be modestly higher than they expected in January, but due to the transitory impact of higher gas prices and recent minimum wage increases. See the preview. IMF Speeches – Saunders (BOE) Weidmann (Buba) Williams (FOMC) Support & Resistance Levels



      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

      Click HERE to access the full HotForex Economic calendar.

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      Click HERE to READ more Market news. 


      Stuart Cowell
      Senior Market Analyst
      HotForex


      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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