"Easy money" - the bait, which attracts many novice online Forex traders. Sites Forex offers trading without risk, highly profitable, small investments. Of course, these three statements are not devoid of truth, but the reality of Forex is more complicated.
New users in Forex make 2 main errors: trade without a strategy and let emotions guide their decisions. Eg. When you watch the dynamics of the currency pair EUR / USD, you may find that you lose a profitable opportunity, if you do not start bidding. You buy and see how market trends are beginning to turn against you. You panic and sell, and then trends in the market again, say in your favor. If you act this way, you're guaranteed to lose money.
In order to make a sequence of rational solutions, Forex trader needs to understand the dynamics of the market. He must know how to use different types of orders to minimize risk and maximize profits.
Management of funds - an integral part of any strategy. In addition to knowledge of currencies, Signals, a successful trader has to manage its resources and to integrate this skill into your trading plan.
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