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Some important advices for any forex trader

Donalyn August 30, 2015 0
Some important advices for any forex trader

crying-manAs human, we have a tendency to blame others. However, if you do a poor trading, it is your own fault and not the fault of another person or anyone else. If you lose your money in trading you did, it was not the fault of your broker, or the fault of outside sources that you got. Whatever happens to you in whom you enter the forex market, good or bad, it is entirely dependent on what you have done. So the main reason why many traders do not make money in their trading because they do not want to admit mistakes they have done.

One of the factors why most traders do not make money in the forex market because they trade in excessive amounts. There are many traders who enter and exit market easily by using their real account, regardless of the risks or the correct strategy. Use virtual account first before mastering a strategy!

Traders who trade arbitrarily and do not use a method that has proven will throw themselves into the abyss of loss. When you learn an effective trading strategy and you truly master it, you will minimize your trading problems. The key you should know is you have to really master at least a proper strategy in trading.

Without mastering a strategy, you will only destroy your real account slowly or quickly.
Have you ever won a lot of transactions and then suffered only a defeat that removed what have you got? The situation can happen because many traders do not learn to manage risk in every trade and also because most traders do not learn to regulate their emotions first. Trading should not be seen or treated as well as gambling. You must ask yourself, “Am I a Forex Trader or a Gambler?”

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