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

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  • 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.

  • Beloved
    replied
    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.

    Leave a comment:


  • PaulEMarshall
    replied
    They should try to understand the trading option.

    Leave a comment:


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

    Leave a comment:


  • Beloved
    replied
    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.

    Leave a comment:


  • Andrry hurry
    replied
    Do not make the mistake of considering some loss as affordable.

    Leave a comment:


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

    Leave a comment:


  • vitalfx
    replied
    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.....

    Leave a comment:


  • marusyafx
    replied
    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

    Leave a comment:


  • Beloved
    replied
    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.

    Leave a comment:


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

    Leave a comment:


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

    Leave a comment:


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

    Leave a comment:


  • Fiddlesticks
    replied
    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.

    Leave a comment:


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

    Leave a comment:

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