While participating in the largest financial market in the world is an amazing experience, the ending is not so smooth for every person. Many people struggle to keep their heads above the water and many had to quit after a few months. Only the smartest can survive in this sector. The scammers are another problem which takes the dangers to a new level. Due to nature, it is not possible to verify any information by going to the office. Everything is done online and they are taking the advantage. New investors are scammed before their career can even begin. The frequent failures are another disappointment that sometimes leads to frustration. In this article, we are going to talk about some signs that show it is the right time to leave for good. Every separation is heart-0breaking but to survive, sometimes we need to make the hard decision. Do not think they are applicable for every trader, this is only a collection of some moments which may indicate a person is not cut out for currency trading.
Losses occurring more often
Although some level of losses is acceptable, if these situations always exit, maybe it is time to rethink the decision. Staying while losing big will not help to recover the fund. It will only deepen the cut, hence better to exit. To know if you are going through the same condition, always keep a diary from the day of live trading. Make a note of everything. Do not hide or depend on memory. The mind cannot remember all the details after a few months as information will keep the brain occupied. Identify the best moments and always evaluate the present results based on this outcome. Over time, update the moments and if there is no improvement, it indirectly is saying to take a break. If the situation stays the same, reconsider the decision to stay longer.
Failing to control the geed
Failing to control greed is the most common problem of new traders in Hong Kong. They always use the high leverage account consider the Forex market as a shortcut way to get rich. You must forget this concept and take this profession as your business. Unless you work hard and create a perfect trading system, you won’t be able to find good trades. No one can make you a successful trader unless you gain control over your greed. Start trading the market with low risk and never try to become a millionaire with a small investment.
You have made sufficient amount of money
Believe us as we are not trying to swindle the investors. Instead of trying to go on forever, it is better to leave this dangerous industry while there is still capital left. Many legends take early retirement in Forex, it is only to protect what they have earned through hard works. If the movements seem too tricky but there is sufficient amount of money, say goodbye to trading. The brokers can still manage the trades but the wise choice is too left forever. If this holds a place in heart, there are various ways to remain in touch. Teach the novice, become an advisor or start own websites. Never make this source as the only income as it is dangerous.
Slowing down, becoming old
Trading exerts a lot of physical and mental stress on the traders. When the age increases, this can become unbearable. In our life, there is no second chance. Getting old does not refer to aging only but also slowing down in the process. Do not regret the decision by staying until all the capital has been lost. Sharpness does not last forever, it is respectable to quit this industry while you still have fund left. Listen to your heart and if there is anything suspicious, maybe it is a warning to exit the sector.