12) Forex market trade with too short positions – If your profit target is less than 20 points, don’t ask us how to trade forex. The spread you pay to enter the market may be higher than the tiny income.

13) Trading maximums and minimums – The attempts to win on turning points are good for the supermarkets, but not for the forex. Try not to play in the price direction and your currency exchangeprofits will be getting better.

14) Too much wisdom – the most successful traders we know, have only secondary education. They take the trading market easily and are not trying to see the evident between the lines. Their results are the most admirable.

15) Not playing on world currency exchange while TV news. The greatest movements are happening exactly in this period. Currency turnover is high and the changes are possible. What is better for the fundamental or technical trade? It’s exactly the time when real money are correcting their positions and as a result the price changes are reflecting currencies movements (compared to the still market).

16) Ignoring electronic currency exchange technical indicators – the market overload with long and short positions is the key indicator of price short-term movements. Considerable changes happen normally when the market has one direction.

17) Emotional trade. – If you are not planning your market movements beforehand, it’s too risky. Short-time impressions and emotions is not the business to be traded. People normally say wise things when they are not influenced by emotions