To avoid fraud and losses

Inexperienced and undisciplined traders tend to incur losses in Forex. We offer you 20 facts you need to know to avoid fraud and losses in market Forex.

1. Clearly defined risk tolerance. Decide what you seek.

2. Set goals and stick to his plan.

3. Choose a broker with caution.

4. Choose the size of the deposit and leverage in accordingly to your needs and expectations.

5. Start with small amounts, increases the size of your account as income, rather than large deposits.

6. Focus on one currency pair, and expand your horizons as far as improving skills.

7. Do what you can do.

8. Do not add to a losing position.

9. Restrain emotions.

10. Make notes. Examine cases where you succeed and when they lose.

11.Automatize your trade, as far as possible.

12. Do not rely on online robots Forex trading currency, magic methods and other shenanigans.

13. Your plan and analysis should be simple and understandable.

14. Do not go against market trends.

15. Remember, the Forex is nothing permanent. This market consists of the opportunities and forecasts.

16. Be humble and patient.

17. Examine the management of funds.

18. Explore the markets, fundamental and technical factors leading to price fluctuations.

19. Do not give up.