1) Lack of world currency exchange knowledge. Most of inexperienced traders think it’s a good idea to save their time not learning the factors influencing currencies quotations (theory mostly). Once the new date or knowledge appears, they have to miss numerous opportunities simply because they don’s understand what it’s all about. They are able to trade only when the market is not dynamic and no extraordinary happenings are taking place. It happens so that the most lucrative deals are taking place when the markets are dynamic and unexpected. Technical trading after the price movements has no great currency exchange profits.

2) Too frequent opening positions – frequent electronic currency exchange trade with brief intervals and miserable profits may enrich large broker company only. The desire to make several hundreds dollars a day, closing when to tiny income is earned is a loose strategy.

3) Loans abuse. Loan abuse currency exchange business trade is a two-way street. Currency exchangemarket trader wants to use maximal loans as it enables them to earn more. Yet, if you think of losses, you may imagine how catastrophic your position may be once you find yourself lost.

4) Relying on others. – Real traders are those who make their own decisions and play their own strategies. You should never rely on rumors, news and information from the sources you are not sure to be trustworthy etc. You either trade yourself or let some trader do it for you.

5) Stop –losses. Placing tough stop-losses is the best catastrophe recipe. Place your stop-losses wisely and your trade will be only improving.