Daytraders - Do You Know Your Enemy?

[tradelab03 10]

Greed is my enemy for forex trader.

Forex market is more volatile market.Everything's is possible within a hour.For that reason when we trade with forex must we need to maintain good money management system.Greedy trading without money management is harmful for any trader.

[DriveExpertAdvisors 10]

Enemy of the day traders is over trading. Impatience, taking profit quickly and going for trade over and over again , holding losses for long time etc are the problems are the problems I have got after observing traders.So day traders have to identify their problems and they have to know thyself so that they able to correct themselves.

There is a quite from Sun Tzu , a Chinese general and author of the great book " The Art of War"----- "If you know ur enemies and know urself you will not be imperiled in a hundred battles, if u do not know know ur enemies but do know urself u will win one and lose one; if u do not know ur enemies nor urself u will be imperiled in every single battle."

Edited June 21, 2015 by DriveExpertAdvisors