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Having no patience can be related to your financial situation somehow.
I mean, it is almost impossible to make money through trading when you are unemployed and you have no income. It is not like that with the other businesses, but as I told you above, trading is a different business. You have to have peace of mind to make money through trading, otherwise you lose.
Those who are greedy are big Forex losers, but they can be great in the other businesses. Greed pushes you to work harder and make more money with the other businesses, but in trading, it causes you to lose.
Greed causes you to over-trade and enter the markets when there is no proper trade setup. You think that others are making money and you have to do it at any price too. You want to double and triple your money within a short time. As a result, your losses will be bigger than your gains.
Greed causes you to hold a position for a longer time and not to close it at the right time. Fear is another big problem in Forex trading. Generally, fear is the biggest problem and obstacle in all businesses. Fear keeps people from taking risks and those who have a lot of fear, can not use the opportunities because they are always afraid of losing. They wait a lot and miss the opportunities. Then they get fed up finally and try to overcome their fear, and so they take the wrong directions before doing a proper market analysis and finding the good signals.
What will happen then? They lose money.
If you are a person who makes his decisions emotionally, not wisely, logically and analytically, then Forex is not for you because you will lose money. Forex is a technical and scientific business. It works according to the scientific rules and analysis.
Forex traders use special indicators and signals to decide to buy or sell. They act only when they see proper signals and not when they feel that the price will go up or down. Emotions are good but not in business, Forex or stock trading. If you are an emotional person, you should not try Forex trading, unless you learn to control your emotions and use your knowledge. If you are an impatient person and this has made problems for you both in your life and Forex, you have to do Yoga, meditation and relaxation.
To control your greed, you have to understand what trading is all about. To control your fear, you have to spend enough time on learning and demo trading. You have to become a consistently profitable demo trader first. Then, you should start with a small live account to improve your trading skills with real money.
If you advance slowly but surely, you will have no fear.
To work from home and make money, Forex trading can be an option. You can increase your wealth through Forex or stock trading, but you have to have the proper conditions to do that. Job type Full-time 11 Contract 4 Permanent 4 Part-time 2. Location London Company Finixio Posted By Employer 20 Staffing Agency 4.
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