About Forex

In today's market, brokers make it seem so easy to trade forex. It 'a known fact that only 95% of retailers and finally the successful 5% who succeed with only 2% can make a living trading Forex.

Forex trading robots with test demo account

It 'really a big difference between trading account and trade a demo account. Most forex trading robots are sold in a magnificent back-testing results, but very few have ever really changed, so take the results of backtests and a pinch of salt in the choice of a program of expert advisor (EA).

The philosophy of work ethic does not apply in Forex Trading

Regular work ethic "If you work, you're going 'do not apply to forex trading, if you work harder, does not guarantee that it will be more efficient. Many successful forex traders working few hours a day, tend to work smarter more.

Mathematics and Forex are not related to any

Many mathematicians came up with all kinds of mathematical formulas to help merchants with the success, there is no formula for success. It also does not have a degree of mathematical trading in the Forex market, some of the most profitable dealers are the simplest of people around. Complex formulas only confuse, not to fall into the trap of the comfort of a complication of forex trading.

Trading margin to kill the account balance

Trade with more capital than you actually are called trading with leverage that most brokers offer 200:1 leverage around, you must be careful not to deal with a gearing that is too high because it will kill your account very quickly. Leverage allows Forex traders to make significant gains from their subjects, but the reverse is also true that this creates the risk of large losses if the trade goes against you, so make sure you always stop loss in place .

A winning mentality is the key to achieving

Make sure you have the confidence to trade is important, try not to seek advice from other people too. Rely on your system at any price, do not deviate from your system. If you are in a losing trade is not the end of the world, it is statistically proven that it can actually have several losing trades than winning trade and still make a profit, provided that the proper risk management and meet your stop -loss

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