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The Most Important Goal in Trading

Discussion in 'Forex Broker Discussion' started by Currency Expert, Jun 26, 2014.

  1. Currency Expert

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    “Being profitable in the long run with trading, and all investing for that matter, is about cutting losses and letting profits run. Although it’s a hearsay thing of ages, statistical expectancy actually proofs the saying mathematical. It’s not about being right or wrong but handling both profits and losses well.” – Dirk Vandycke

    Whether you’re a beginner trader or an experienced trader, you need to know that the most important goal in trading is the permanent safety of your capital. When the fund in your account is gone, what can you use to make additional transactions? You’ll need to replenish the account or open another one. But when the fund in your account is intact – no matter the vagaries of the markets – there’ll come some periods when you’ll make profits. Profits come on existing accounts, not defunct accounts.

    Sadly, too many people are obsessed with making money that they forget or neglect the principles that can keep their account safe. One great piece of advice is attributed to the Oracle of Omaha. He said that there are two trading rules: 1.) Don’t lose your money! 2). Never forget rule one! Honestly, there’s nothing more important in trading than the rules above. All other rules are secondary.

    You mayn’t want to agree with me over this. Many people may be making noises in forums and other social community places for traders, saying that there are other things that are more important than the fact above. But bear it in mind that anybody can say anything about the market, and you don’t need to be a guru, or have a fancy university degree, or show your muscle or be a rational person before you can voice your opinions about the markets. All you need is to have a big mouth, and you’ll get more and more followers. In reality, most of the ‘big mouths’ are being forced shut when the market shows them its true color.

    The vagaries of the markets aren’t a curse, but they’re rather a blessing that enables us to make gains in the markets. The only thing the market can do is to move sideways, up or down. This truth will ever remain timeless, and therefore, those who know how to anticipate the moves would be victorious.

    No matter what your aims and ambitions are as a trader, the most important thing you can bear in mind is the safety of your portfolio. This goal is not difficult to achieve, provided you know how to go about it. Some of our future articles will explain how the goal can be realized.

    Source: www.tallinex.com
     
  2. Sharon Higgins

    Sharon Higgins New Member

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    The most important goal as far I am concern is to be making money consistently, if we want to be successful then we must bring out that level of consistency or if we are already having consistency then maintaining is the most important goal. I am able to achieve this and much more all with OctaFX broker and their mouth-watering schemes especially 15 dollars profits per lot size trade on their rebate service, it really helps me work well and allows me to get success.
     
  3. orni308

    orni308 New Member

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    Yes every trader joins the market with a goal to make more money and thats the foremost target of all the brokers.
     
  4. Sharon Higgins

    Sharon Higgins New Member

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    I think it is fairly obvious that most important goal is to be making profits consistently, it is not the easiest thing in the world to do, but it is not impossible either, it just needs us to be determined. I am completely determined with having high class broker like OctaFX, it is very much helpful especially with their manageable spread at just 0.2 petite while even provide over 50 currency pairs to select from which makes it more comfortable.
     
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