Dmitri Chavkerov President of Forex Peace Army Advises to Keep Your Money Making Process Boring If You Want to Be Successful
NORTH PORT, Fla., Oct. 22, 2013 /PRNewswire/ — Dmitri Chavkerov, CEO of Forex Peace Army wants people to make money making process as boring as possible in order to be successful in the process. Dmitri Chavkerov is a well-known name in the forex trading space and he has been rendering exceptional service in the area for the past 8 years through the website Forex Peace Army. Forex Peace Army is a reliable online platform that provides traders regular updates on the forex trading arena. Dmitri Chavkerov has a great insight on forex trading, money making processes and according to him the best way to earn more money is to keep the process involved in money making simple and boring.
One of the most important rules in forex money management is that the money you make or lose on each trade must be boring,” says Forex Peace Army Founder Dmitri Chavkerov.
Dmitri Chavkerov was introduced to this idea about money making by a popular businessman Keith Cunningham who owns many car washing businesses. Keith Cunningham is a successful businessman who understands vital money principles. Dmitri Chavkerov believes that by keeping the entire process of earning money boring, more success could be achieved. He considers it as one of the prime money principle that has profound impact over the monetary goals.
“The process of money making should be very boring. The more boring it is, the more successful you will become. Most people are looking for excitement in their money making ventures. Excitement is good, but it should be looked for in other areas of your life. If you look for excitement in making money, you will most likely get into a lot of trouble, and your path to accumulating and keeping wealth will be very difficult,” says Dmitri Chavkerov, Forex Peace Army Chief.
According to Dmitri Chavkerov, the more mundane the process of money making is, the better will be the results. Many would like the path towards making money to be interesting and exciting but in reality, it is best when it is boring. When the process turns out to be exciting then the person would invite trouble and problems. It also becomes difficult for one to sustain the accumulated wealth.
Dmitri Chavkerov wants traders to take money earning lightly. When traders are attached and excited about earning cash, they would invite trouble. On the other hand, if they do not emphasize on it too much, they tend to make wise and reasonable decisions that would pave way for success. Dmitri Chavkerov has included this most important principle in his trading concept, Diamonds Trading System.
“When I had my Forex Diamonds live trading room, I always taught people to risk no more than 2.5% of their trading account on each trade. Such amounts are very small and very boring, but with such amounts, you can make adequate trading decisions, without being afraid that if your trade fails, you will lose too much,” says Dmitri Chavkerov of Forex Peace Army.
Forex Peace Army website provides firsthand information on the different trading techniques and methods. Forex Peace Army has been successful in bringing about a huge positive change in the forex trading space for the past several years.
Traders who are not too attached towards the procedures associated with making money tend to trade more cautiously and most importantly, in a sensible way. Dmitri Chavkerov advises traders to take less risk in their trade and the risk factor should not exceed beyond 2.5% of the trading account for every trade. This way a trader need not have to be worried about losing too much money on a particular trade.
“I have experimented with many different percentages, and risking 5% feels like already too much. 2.5% or less is the percentage that’s most comfortable for me,” says Dmitri Chavkerov of Forex Peace Army.
Dmitri Chavkerov says that having a clear understanding about important trading and money management principles helps achieve success and profit in the long term. People need to have a reliable plan and process of money making and should be consistent in their trading efforts in order to emerge profitable. Forex Peace Army is a trusted source for getting daily currency analysis and news regarding forex trading.
SOURCE: Forex Peace Army