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What is it you as a trader should try to avoid doing?

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  • (Share) What is it you as a trader should try to avoid doing?

    Here are few ideas.
    1.Dont give your money to others
    2.Dont deposit money into new accounts for trading
    3.TRY TO Trade without depositing extra money with only first deposit
    4 Dont listen to trading tipsters or brokers asking to make deposit and they will help you to trade profitably.
    5.Dont avoid writing trading journal.

    Most traders can not do this one thing.
    Avoid depositing more and more money into trading account.
    Trading with all the money they have available.
    CHALLENGE
    TAKE THE 10000 YOU DEPOSITED FIRST IN YOUR TRADING ACCOUNT
    and show that after 3 months or even fter one month that you still have same 10000 available after trading.
    Last edited by rvlvvel; 29-01-2017, 07:10 AM.

  • #2
    We better also avoid those who offer us becoming rich right over the night as many or all of these offers are scam.

    Comment


    • #3
      Originally posted by rixi View Post
      We better also avoid those who offer us becoming rich right over the night as many or all of these offers are scam.
      that's absolutely true! because there's no such thing as becoming rich quick system...

      Comment


      • #4
        Those who fell for these easy money making options always regret because they are always being scammed by cunning scammers.

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        • #5
          Listen to your brain while you are trading, try to avoid your feelings of heart while on trading.
          Always choose what your brain says to you.

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          • #6
            Yes you are right because i feel you saying to keep our emotions out while trading forex, right!

            Comment


            • #7
              Originally posted by Beloved View Post
              Listen to your brain while you are trading, try to avoid your feelings of heart while on trading.
              Always choose what your brain says to you.
              Yeah, it is better if you depend on your knowledge and not on your instinct. Using Brain is the only way to become successful in Forex Trading.

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              • #8
                Never think that you are smarter than others. Believe me this is not so.

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                • #9
                  One should also avoid, Impatient to make a lot of money in a short time.

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                  • #10
                    AVOID using poor brokers.
                    I use JAFX and have always been very happy.
                    Also always always demo first.

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                    • #11
                      Forex is a really difficult business. To make money with forex you have to know the technique and have enough experience or you lose more than what you make.

                      Comment


                      • #12
                        Originally posted by Beloved View Post
                        Forex is a really difficult business. To make money with forex you have to know the technique and have enough experience or you lose more than what you make.
                        Have you succeeded in making money on this extremely competitive market? Share stories about your experience to inspire other newcomers

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                        • #13
                          Always, follow money management rulls, make a mony plan "lot size according to your account, do not cut trades before hitting stoploss and take profit, try to use simple trading strategy which does not confuse you when make trades. whenever you trade, keep relax your mind, before making trades, watch the market patiently then trade in market.

                          One thing, never lose your heart, try to learn from your bad actions in trading.....

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                          • #14
                            Currency trading like trading in any other instrument rewards few winners while a lot of participants are not able to make money.

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                            • #15
                              Do not make the mistake of considering some loss as affordable.

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                              • #16
                                Right, never make a mistake which can turn you into a huge capital loss in the trading account. Always keep in mind that you need to stay active and positive while trading.

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                                • #17
                                  Hi rvlvvel, how about PAMM account? There is a contract between trader and investor. We just waiting our money managed by professional traders.

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                                  • #18
                                    They should try to understand the trading option.

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                                    • #19
                                      Forex is very unforgiving, what works today may not work tomorrow. The cost of trading Forex is very high. So that is one reason people lose on the long-run.

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                                      • #20
                                        Originally posted by Andrry hurry View Post
                                        Do not make the mistake of considering some loss as affordable.
                                        You don't think you can learn from mistakes?

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