Why do beginners lose money ~ ig forex trading demo
Watch out for that one trade that will wipe out your entire account. It does not matter how well you’ve mastered your trading strategy, it does not matter how long you’ve employed it in your trading of forex and how well it has worked, one day your trading strategy will lead you a to a trade that will end up as a loser- like it or not. The day is coming when all the variables will be on your side, when the fundamentals and technicals will all be pointing to a either a rally or a fall, but you will still end up losing money.
It is okay to lose money in the forex market. That is part of our occupational hazard as traders. But whatever you do, do not lose everything. Complacency is a dangerous disease borne out of success or a track record. It causes our head to swell. You feel you know it all because it has always worked. No you don’t.
It is okay to lose money in the forex market. That is part of our occupational hazard as traders. But whatever you do, do not lose everything. Complacency is a dangerous disease borne out of success or a track record. It causes our head to swell. You feel you know it all because it has always worked. No you don’t.
Do not over expose yourself. Be realistic to your position sizing and the lots you trade. Because however much you are sure of your strategy, you never know what each trade you take will bring. Complacency has a secret bell that rings in your head reminding you of the previous success. Of how you are the master- ignore that sound and keep true to the promise of non over exposure of your forex trading account.
Complacency is not a disease for the newbie for it mostly affects the pro traders or the averagely gifted trader. We could compare it to lifestyle diseases that affect only those that eat junk food all the time or those that are driven to work and never find room to exercise albeit accidentally. The moment you think you know is always the moment that you make a fool of yourself. You don’t know! All you have are probabilities on your side. That is why we have risk reward, leverage, stop loss, trailing stop and all that stuff meant to safeguard your account from abnormal loss.
A string of winning trades creates a façade of immunity so that you begin thinking that you cannot be penalized no matter the side of the market you take. Well the markets no not immunity. It is the only sphere where we are all equals. Nothing should make you think that the trade you are about to take is of any greater significance than your previous trade. Do not let complacency wipe at your entire account.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
Call us today on 0725 050 419 for the best forex trading orientation.
Call us today on 0725 050 419 for the best forex trading orientation.
More info for Why do beginners lose money ~ ig forex trading demo:
0 komentar:
Posting Komentar