Common beginner mistakes when trading in the Forex market

Forex trading has gained a lot of popularity. More and more people joined to trading on the international currency market. And many in such a hurry to make money, which make a lot of mistakes in the early stages of trade. Let's look at the most common ones.

Often newcomers to the Forex market, studying the basics of trade, immediately start working with real money. The result of this trade is usually disappointing. Keep in mind that before you start working on this account, you need to hone your skills, tactics and strategy of trade on a virtual demo account. Only then, when there will be a reasonable confidence, and we anticipate stable profits on a demo account, it is necessary to switch to trading on a real account.

When it comes to earnings, any person can wake up the greed and passion. Members are committed to these feelings is much more than the experienced bidders. If the person moves the greed at the time of the decision on the transaction, such a decision is unlikely to be before the end balanced and reasonable. For the first time, going to the trading platform with real bills, many seek to make as many transactions without waiting for good entry points in the market. Newcomers are often committed to passion, it brings them, because you can not perceive the trade in the Forex market as a game, luck does not work here.

Excessive fear can also harm the novice, because of uncertainty in their actions is unlikely to yield a profit. If the newcomer stood in the transaction, and then began to unnecessarily doubt its decision, there is a great probability of losses.

Neglect fundamental analysis. Now very popular with the sale of various computer indicators and advisers. Of course, some benefits they bring can, but we can not forget about what is happening in the world. News have an enormous impact on the movement of currency exchange rates, and to predict them with the help of computer analysis can not. It is therefore extremely important to monitor the economic and political news, because only by using all the factors together, we can competently analyze the graph to draw correct conclusions and make a profitable trade.