Common mistakes beginners in forex trading

Common mistakes beginners in forex trading

Beginner, beginning its first trading on the Forex, is comparable to a person walking through a minefield to their goal. In the first and second case, be careful, be careful, do not rush and follow all safety rules. In order to protect their trade on the market, it is sufficient to follow a few rules and toilless know what not to do, in order to prevent irretrievable loss of funds.

1. Do not enclose many transactions at once. After the first successful transactions you may get the feeling that you have a natural flair, and you are a born trader. However, you need to stop and calm down, do not conclude immediately a lot of transactions with different currencies. To obtain a stable income you need to strategize. Improve your skills, learn the method of operation of the system, stop for a certain currency for an understanding of all the laws. Later, with experience, you will expand the scope of their transactions without such a strong risk.

2. nesobrannosti. If you have a specific operating system, you always follow it to her, without exception, as do all the professionals. Newbie often yielding momentary impulse can lose a significant amount of money, although he had a working circuit, but to use them, they could not, succumbing to weakness. For example, a trader can buy a currency that will continue to grow, but the adviser gives the signal that it is necessary to close the position, and the desire to earn more wins. As a result of the currency falls sharply, and possible profit decreases or just reset.

3. The signal input and output on the market it is necessary to distinguish between them. If you do not feel the difference between them, many transactions may become a failure. For example, the system notes that the trend of growth of currency over and sends a signal, which is regarded as the sale of currency, but do not tell to be sure of this, because the system only shows the termination of currency growth, but not about its fall.

4. The same does not exist Forex signals suitable for all types of trades. Each trader working on their own system based on trade for certain trends. One signal gives different values ​​for different trends, so feed the signal should be considered only relative to your strategy.