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ElaKiri Talk!
my forex profit=someone's forex loss?
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<blockquote data-quote="vicroads" data-source="post: 15363736" data-attributes="member: 459718"><p>There are traders loosing money for sure to setoff pofit making traders, but someone's profit is never cost to single trader. They spread among other banks,financial institutions and finally retail traders like us because forex is such a large financial market in the world.</p><p></p><p>In forex market consist of around 1 to 5% retail traders and other majority is all the banks and financial institutions in the world, even a single action of these majority (Banks & financial institution) can make huge price movement resulting to wipe small retail traders. this happens due to bad leverage. But most of professional traders survive as they never over-leverage & having proper money management system. </p><p></p><p>Even I couldn't become successful trader until 4 years since starting trading. Another advice is never average a trade. this is the biggest mistake I did several time and ending up with loosing lot money. So honestly accept your lose and try for a another trade later. I am telling these, because I don't like to see people in my mother country loosing money.<img src="/styles/default/xenforo/smilies/default/wink.gif" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="vicroads, post: 15363736, member: 459718"] There are traders loosing money for sure to setoff pofit making traders, but someone's profit is never cost to single trader. They spread among other banks,financial institutions and finally retail traders like us because forex is such a large financial market in the world. In forex market consist of around 1 to 5% retail traders and other majority is all the banks and financial institutions in the world, even a single action of these majority (Banks & financial institution) can make huge price movement resulting to wipe small retail traders. this happens due to bad leverage. But most of professional traders survive as they never over-leverage & having proper money management system. Even I couldn't become successful trader until 4 years since starting trading. Another advice is never average a trade. this is the biggest mistake I did several time and ending up with loosing lot money. So honestly accept your lose and try for a another trade later. I am telling these, because I don't like to see people in my mother country loosing money.;) [/QUOTE]
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