A lot of people lost more many in forex and trading , and it not because the way which they use for trading , or they do not have a strategie , or something else , it something else , something they can not controle it , these kind of people have no confidence , for exemple , i chose to trading in forex , and afraid to failed ,
I trade on, and everything was good, but for a moment began watching floating losses, and after i saw this i scare and i did not controle myself and so i closed the deal on losses , then i take
another one , but again freak out and i close it at losses , the idea is i did not controle my self and that what make my lose my money , maybe half of money so fast , as you see the problem, it's a problem linked to feelings that I just could not control my myself,
the most important think that you have to know before , open an account , you have to controle your self and not follow the candles , be strong , you will get amazing result , so if you are still do this , you have to fix that , you hear me , you have to fix that , but dont worry , i come with some advices that can help you pass this issue easy
1. 1. Do what you're speculated to do. once the trend is weakening, you ought to take steps to guard your profits , and trade with a small lot . keep in mind that in forex trading, you ought to be thinking the way to minimize losses 1st and not thinking the way to win.
Even a breakeven trade is taken into account a in trade as a result of it isn't a loss. Likewise once the trend goes in your direction, you'll need to line a better level profit target and on constant time defend your floating profits.
2. do not trait like this , hate or fall taken with your trades. The currencies or forex pairs aren't your friends within the forex market, and your solely friend is Psychological situation . and trade with a thought is that the #1 forex tips , why because a trader is already in an exceedingly trade position, he/she tends to envision the market otherwise from the primary time of study. He hopes and pray that the trade can move in favor of him and neglect the factors which can amendment the market conditions.
3. trade with a small lot , and keep it in your mind a most of time your account can not Carrying heavy losses , so for exempl if you have 100 $ in your account and you want to trade with 10 $ for 1 pip trust you will lose your account , in a moment because your account did not bear this big lot , so just trade with a small lot , and try to win just 10% of your account per month , and after some time make 15 % , trust me this a big profit you can get it , do think you will be rich in 2 months
4. be careful everytime and Expect the sudden. and do not trust in forex ever , do not , and forex you have to be ready for good things and bad things , dont think you will will everytime , you will get some profit , but you have to loss some , so the idea here is make your losses so small , and to try get some big profit thats forex , and something dont follow anyone , trust your self ,
thats tok me sometime to know it , you will understand every word i say it , because anyone , will not teach you his secret , learn and practice and do some effort , you will success thats of course if you want to be trader .
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