"Easy money" is the lure that attracted many tradeurs beginners. The sites offer a Forex trading "risk free",''''high yield''and accept low investment.'' The reality of Forex is a bit more complex.
Beginners' mistakes
There are two common mistakes that tradeurs make: trading without a strategy and letting emotions influence their decisions. After opening a FOREX account it may be tempting to dive right in and start negotiating. Watching the movements of EUR / USD for example, you may feel that you let pass an opportunity under your nose if you do not enter the market immediately. You buy and watch the market works against you. You panic and you choose to sell, only to see the market recover. This kind of undisciplined approach because of the large loss of money. The Tradeurs must have a rational trading strategy and not make business decisions in the heat of the moment.
Understanding market movements
To make rational business decisions, the tradeur must be well educated in market movements. He must be able to apply technical studies to charts and plot points of entry and exit. We must take advantage of different types of orders to minimize his risk and maximize profit. The first step to becoming a successful tradeur is to understand the market forces that influence it.
The responsabilistaion
There are five major groups of investors involved in Forex: governments, banks, corporations, investment funds, and tradeurs. Each group has its own objectives, but one thing that all groups except the last have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their business decisions. Tradeurs the individual, on the other hand, are only responsible for themselves, it minimizes the pressure and relief. Large organizations rely on strategies, so if you hope to succeed as tradeur Forex, you must do the same.
Money management
Financial management is an integral part of any trading strategy. In addition to knowing the currency and where the best moments of input and output, the tradeur knows how to successfully manage its resources and integrate money management into his trading plan. There are various strategies for money management. Many rely on the calculation of core capital.
These are the kinds of strategic tactics that allow a beginner to reserve a place on the Forex market.
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