We'll post knowledge about Forex Trading in the blog section.  You'll see info that will warn you of dangers in the market, and inform you on ways to benefit from trends, and avoid popular mistakes.  We aim to help you get the best information you can to go into trading forex in the most informed manner you can!

45 Mistakes People Make When Trading Forex

1) Knowledge Deficiency – Most new FOREX traders don’t take the time to learn what drives currency rates (primarily fundamentals). When news or a statement is due out they must close out their positions and sit out the best trading opportunities. They are taught to only trade after the market calms down. So essentially they miss the whole move and then trade the random noise that follows a fundamental price move. Just think for a moment about technically trading the aftermath of a price move; there is no potential.

2) Overtrading - Trading often with tight stops and tiny profit targets will only make the broker rich. The desire to “just” make a few hundred dollars a day by locking in tiny profits whenever possible is a losing strategy.

3) Over leveraged - Leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position the more spread income the broker earns.



Bookmark and Share

Who's Online

We have 18 guests online