I think in a day we should trade just 3-4 time on market but trade is not healthy for our fund if profit come then its ok but over trade is the signal of a lot of loss
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I agree with you with some extend. If anybody is capable to work for long time then i don't think there is any issue. Yes, if there is any problem while trading then you should stop trading and think about the mistake.I think that over trade is not allow for newbies and also the other who is just gather the knowledge about it and also old trader it can also do it but there is also have some risk as per my opinion after cover your profit ratio if you satisfied with it then you should close for the day also if you see there is another chance for better then carry on.
I do believe that some of the times, it is the traders themselves that mount unnecessary pressures on themselves. I mean, the pressure to make some huge profits or some consistent profits even when it is already clear that they are taking far much more than their brain can bear. Over trading have both some medical and psychological effect on the life of any trader who practices it.@Markllee30 i do agree with you, until now i don't see any reason why we should overtrade, if we only want to pursuit the profit then do it in the other day when you feel like you are the best one, rather than forcing ourselves to overtrade that will make us down easily
Since it affect our own psychology aside from our own healthy i think that is really make a sense, so far i think that overtrading is not the way i am, i prefer to trade based on my skills right now rather tha push myself too hard.I do believe that some of the times, it is the traders themselves that mount unnecessary pressures on themselves. I mean, the pressure to make some huge profits or some consistent profits even when it is already clear that they are taking far much more than their brain can bear. Over trading have both some medical and psychological effect on the life of any trader who practices it.
Over trade is one of the thing that trader shouldn't do, it is not healthy and will kill us sooner if we cannot maintain the risk. In my own opinion, Overtrade will never bring any good results for traders, the only thing that overtrade gave was Loss and Unhealthy trading.I have even seen that the success of Forex as perceived doesn't really lie on the number of times you have to stress yourself. I mean, trying to hard to impress doesn't give you an edge to success. The most appropriate time wins the most appropriate goal and that is a thing Forex brings. Knowing the right time to trade and trading the right way.
Yes it is very important to have a proper planning and a clear concept about trading. As if plan is clear then only it is possible to learn and earn.Sometimes, lack of planning might just be a major reason for this. Not all traders would want to over trade in the real sense, some might not made a plan for themselves on when to exit and they tend to keep trading to either recover some of their losses or make some more profit.