Learn Forex Trading Online,Free Forex Live Signals,Foreign Exchange Trading Platforms, Trade Forex Market,Free Forex Trading Training When Not to Trade Learn Forex Trading Online,Free Forex Live Signals,Foreign Exchange Trading Platforms, Trade Forex Market,Free Forex Trading Training As a forextamil in training, it’s important to know when, where and who to fight, as well as knowing how to fight. But the most important thing to know is when not to fight!! There’s no point in learning all the techniques required to win a battle if you then take on the wrong opponent. It’s a bit like trading GBP/USD instead of GBP/JPY. Although they move very similarly, they can be very different and they have mastered different forms of fighting back… There are a number of scenarios where it’s inadvisable to trade. These can be separated into personal/environmental reasons and market reasons. Personal reasons not to trade: Do not trade while drunk. You need a clear head while you are trading. You would not fight an opponent while drunk. In fact, you might think you were fighting 2 opponents if you did!! Drinking can affect your state of mind in so many ways and can make you make simple mistakes while trading. Many […]
Learn Forex Trading Online,Free Forex Live Signals,Foreign Exchange Trading Platforms, Trade Forex Market,Free Forex Trading Training Read this and you will NEVER blow your trading account again! Forex trading usually requires a broker for retail accounts and here are 3 things that your broker doesn’t want you to know. 1) Leverage – You see brokers offering leverage like nobody’s business. The highest i saw was 1 to 400. Seriously, if anyone goes with the broker that offers the highest leverage, you’re better of parking your money in the bank. Assuming you have $1000 and you buy $400000 worth of EURUSD currency. And assuming EURUSD average a 1% movement a day (which is not unreasonable). Thus 1% of $400000 = $4000. If that 1% were to go against you, your account is wiped out and you’re down NEGATIVE $3000. So much so for leverage huh! So now you know why your broker loves to offer you massive leverage? 2) Emotions – Humans were never born to trade. Our emotions are counter productive to trading given how we are programmed biologically. We like to hold on to our losses, HOPING it will come back to breakeven. We cut our profits short FEARING it would run away from […]
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