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Forex Trading Broker – common mistakes

Forex Trading Broker – common mistakes

Posted by Trader On April - 6 - 2009













Learn about more mistakes that forex trading brokers tend to make

9. They often trade too frequently. Learn day trading frequency rules and you will never loose because of this failure.

10. Many traders can not accept small losses. They wait for the loss to become complete and than fix the losses. It is caused by the lack of discipline – the trader should work out one system and stick to it.

11. Many traders make a deal based on some fundamental currency market news and tend to stick to it even after the market is technically developed. They use the technical or the fundamental analysis only while they could use both.

12. Many traders break the real time currency market basic rule of “keeping the losses small and letting the profits to rise”.

13. Many people do world currency market being guided by the “heart” (emotions) and not the head. Some trader’s loss or profits seem to loose the ability to think logically. Therefore it’s obvious to have the trading plan to keep.

14. Often traders choose the wrong time for entering the market and have not enough investments to wait till the market fuzz is over.

15. TOO MANY traders perceive the financial markets as the field for practicing their intuition. Disability to differentiate market movements that reflect fundamental factors that are not the same that short period market rates deviations is one of the mistakes.

16. Being not able to practice discipline and accepting sustainably high losses and small profits. Many are not placing the stop-losses when opening a primary position.

17. Emotions make many traders to keep the loosing position for too long. Many do not train discipline in order to accept small losses and to be able to stop.

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