Forex trading is not as simple as buying or selling
The following are the reasons why we always lose money
There is no clear trading system- Each online trading system has its advantages and disadvantages.- When they lose money by that method, they go online to find new methods, and so on we will follow around always losing.What do we need to do?- Define yourself a method, and test it on the demo.- Find its mistake and fix it.- Just focus on your own method.- Loyal to that method- Can refer to the method I share here: Transaction methodNon-compliance with entry points, SL and TPSL: Stop lossTP: Take the profit you often make the mistake of thinking you're right, so never put an SL that was a stupid mistake. You enter the order without disciplineWhat do we need to do?- Identify trading currency pairs.
- So we buy this pair but because the price goes a bit, we shall wait for the price to recover to the support area, combining the candlestick pattern and buying up.- Locate SL at the support area below.3.Too many orders.- You have more orders will be more profitable, what happens when all things lose? You will lose everything.- The market never follows you.- Even if you have good signals, nothing is absolutely 100%.4.Greed and Fear: -
a) At first, you can make a lot of money with forex for your luck, then you think making money with forex is easy and forget about its risks.- Then you trade in large volumes with no forex knowledge, the result you account fire. - Then,
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