18 November 2009

4 fatal errors Traders

Mistake number 1: the lack of technique

If your goal - to become a successful trader, you must be an accurate method of trading, which will help to understand the market. Do not think that will help you intuition. If you do not have technique, you're not even able to identify trends.

Mistake number 2.: Lack of discipline.

Once you have developed your own method, you must cultivate in ourselves the discipline to follow this procedure.

Mistake number 3: unrealistic expectations.

Yes, you may receive above-average profits from trading in the online currency market Forex. But it is too difficult to do without assuming the risks of higher than average. The purpose of the trader in the first year of its operation should not be losing money. In other words Aim at 0% profit in the first year. This goal will be the most realistic.

Mistake number 4: The lack of patience

In any time interval in the Forex, there are only two or three good opportunities to earn. Very often, due to the fact that trade can cause excitement, you will feel that I missed a very important and a good bargain if you do not sell or buy that lot. As a result, the quality of your deals go down and trade will go beyond your means.



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