Stop Losing Money In The Forex Market May 16, 2008
Posted by janey in : personal finance , trackbackIf you aspire to be full-time Forex trader, you should have certain habits and mindset in place. For one, you should focus on getting more profitable trades than losing trades so that you can make an overall profit. However this is not usually done simply because people kept making the same mistakes again and again. Until they learn to change their habits, they are going to keep losing money.
Here is one poor Forex habit that has made people lose money again and again. That is putting real money onto a new forex trading strategy that they have just learned. That should be a big NO-NO. Always use virtual money first and apply what you have learned. You need to prove to yourself that you can make profit consistently before you pump in your hard earned dollars into it. My suggestion is to go for at least 4 weeks of profitable trades first.
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