What's your hardest learned lesson in FX?
I ask this question as I would be very curious to see what hardships some traders here have gone through to learn something the hard way.
I have recently started my long and twisting street in taking the initial steps towards my albeit, hopeful potential of being able to be a self explanatory FX trader.
Already at the initial 2 months of being live I have come across such obstacles I will be sure to remember for the rest of my life.
Personally, for me, the hardest lesson I have learnt so far would be to respect the market and take what it provides, as well as to not ask for more than that which you can't have as a result of being unrealistic, and also in most truths greedy. I have taken this as some fantastic advice from a fellow FF manhood and friend who is words spoke out to me personally profoundly after I was very lucky enough to enter a trade which had improved my account size by 100%. Upon this in all the excitement I thought it would be a good idea to move my SL to BE and let it sail risk free in the hopes of earning even more from the time I awakened the next morning. Of course, regretfully I was just met by the lack of any new found profits to my trading account and an wonderful opportunity missed because of believing I knew better. Though I lost the cash that I could have only taken, I feel that so I have learned something a lot more valuable, and that is a lesson well learned to recall later on and a mistake never to be repeated again.
I expect that maybe my mishaps could help prevent somebody else from going through the same misery because I did and I'd also really like for this thread to have the ability to turn in to an abune of other traders mishaps and adventures shared so that we can all learn from each other.