34) Trade with wrong currency trading strategy. If the EUR/USD pair starts to grow, it doesn’t necessarily mean that you have to buy. Buying the currency pair just because it’s not moving – is much worse even. You pay your spread even without a tiny hint that you may profit. Don’t start online currency trading just because you have nothing else to do. The reason why you are bored is probably that you have nothing to trade with.

35) Rumors. Rumors are just rumors in 100%. Think what was the movement stage when you heard the rumor. If the EUR/USD grew for 50 points in the last 15 minutes, and the rumor is claiming that the USD will keep on falling, you must have missed your chance. Whenever you start forex currency trading , fix the moment when you will enter the market

36) Forex market trade on crossing of short-term moving average – is the greatest failure ever. When the short-term average crosses the long term one, it just means that the cost average in short term period is equal to the long term one. It’s hard to understand why it’s considered to mean bulls or bears mood. It’s god for the software trader, but not for the forex broker.

37) Stochastic is the same as # 36. This indicator is worth to be used otherwise: once it seems to signalize the market’s sold out, think if it really is objectively so. Try to buy once the market seems to be sold out and you will catch the trend. So, if the %c and %d cross 80 – buy! If 20 – sell.

38) Wrong broker is one of the “don’ts” to how to trade currency questions. Most of the forex brokers are awful people. Find good ones. Read professional forums or online communities and other sources in order to get a clear picture.