This time I want to talk about the 6 mistakes that could be said to be fatal in trading with, because when you do these mistakes, you can be sure to fail as a trader. Well, let's see what are the fatal error:
1. do not have a trading system.
Have no trading system is the first fatal error. If you do not have a trading system, meaning you will tend to be trading based on the approach arguably mess plus random. How can you expect the success of the method disheveled? On the contrary, have the trading system means you have guidelines and goals and how the achievement of clear goals in trading. Having a trading system increases the chances for success, because you have the guidelines to enter, exit or market standing aside. In other words, you are in a line that is sure to reach your destination.
2. No discipline.
If you represent have a trading system, but if you yourself are not disciplined in following the system such that you specify, it means you did a fatal mistake that the 2nd. Many traders have expressed my trading system, but in practice, they are nonetheless often trading with impulsive regardless of the system already at their own. the trading system would function only to create a sort of display only.
3. Do not study.
Claimed to be a trader but never try to always-up dated technical ability, never follow the news with respect to the development of forex, never read the books on forex. forex seminar or not and did not join in a forex trader community. Well, there's many ways to "learn". You don't always have to follow the existing forex seminar. There should also be active in the forex forum. But at least you're always trying to improve your trading. May be quite informal with a discussion with fellow temen trader, or just monitor the news, or just read a book or e-book related to forex.
At least, do not become "trader in shell" I often monitor the price although I am not currently trading. To the extent that I often say strange, because like the monitor prices despite being on leave trading. Frankly for me, keep monitoring the market makes me still come feel the passion of the market, although I don't do open position. And it's arguably its preoccupation for me.
4. Ignore the money management.
Money management aim so you can control the risks and losses so suffered no fatal error that results in your account being "wither before it develops. So if you ignore the money management, that means you answer your deposit to vanish without a clear purpose.
5. Ignore the aspects of Psychology in the modern trading.
A trader who is able to control your emotions in trading will be able to understand that not all positions need to generate profit to get positive capital growth. Loss once in a while does not make them into "cruel" and then do a revenge. Nonetheless, the possibility of such loss has been taken into account in the trading plan. So, please trade with this due to revenge the loss you have just experienced, the revenge will be guaranteed to make your account more bleeding.
6. Excessive risk too bold.
Do you want to bear the risk of loss 100 pips to take only 10 pips profit? Or instead, you often trade without a stop loss? Don't be! Remember that we are here to act as an investor. We're traders, not the gambler. So, don't take the risk not worth the reward will we earn. OK! That's the mistakes could be said to be the main cause of our failure in the world of forex trading are "cruel" is. but it is precisely that which makes our cruel craving? But seriously, you want to become a successful trader? Yes already. Please, don't make the mistakes above. To be honest, I'm often sad reply see friend trader who in fall. So, yuk Let's strive to always survive and enliven the market. OK? See you on market!
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