The Most Important Goal In Trading

[⭐ analyst75]

“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.

[papia09]

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. Knowing when to enter and exit a trade is no doubt one of the most important skills as a trader. OctaFX offers low spreads from 0.2 pips and up to 1:500 leverage.

[Guest gaban]

Our main goal is to get the trade in money and how long the account we will thrive. for that we need to have a good MM and RM so that we can be successful in forex.Oleh therefore we have much to learn and practice trading well if we want to succeed in this business

[uncle gober]

In my mind forex is a good investment which is very profitable. So my goal is to be a successful trader who can make good profit and improve my lifestyle. In forex I get : Opportunity from Global Market, High Value Market, Modern Equipment. I get high Risk / Return Ratio, Leverage, High Return on Investment (ROI), Fast Rate of Return, Liquidity and also Low and Fixed Cost of Transaction.

[Brendan Hill]

An approved forex vendor is a sort of financial institution that has gotten approval from a significant administrative body to go about as a seller involved with the trading of remote monetary standards. Dealing with approved forex vendors guarantees that your exchanges are being executed in a lawful and just manner. The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) approve forex vendors in the United States. Approved forex sellers have been given legitimate approval by important administrative bodies to encourage forex trading.

[Mrsooduraske]

Having trading goals that compliment a solid strategy will help you build confidence in your trading. Cofidence will always help you to become a good trader.

[uncle gober]

trading plan will indeed be very necessary and necessary so that traders can become better and can get more leverage in producing profits in accordance with expectations with Tickmill.

[Ross Edwards]

To become a profitable forex trader, one should choose the best trading techniques. Trading techniques and strategies is mainly responsible for making profit. different broker has different trading techniques. We should choose the best one which match with our strategy. I choose TP Global FX as my broker. I can easily apply my trading strategy with them. They are very supportive and helpful. They give me all kind of facilities in my trading.

[maspluto]

the selection of an existing broker must be able to be considered properly, this is needed and needed so that traders can become better and get more leverage in getting the security and comfort of trading in accordance with expectations with Tickmill.