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I am always losing in forex
picked the wrong direction. You can be a very skilled trader and still be wiped out by poor risk management. In some cases the markets can be predicted with a high chance of being right. So to start your trading career we have the following tips: Only use a demo account for practicing orders like stop loss, trailing stop, limit orders etc.
Now lets have a closer look at a 5 minute chart. How to fix: Try to not use more than 3 of your account size per position.
Or go on forums to see what other clients have to say about certain brokers. How to fix: A losing trade will happen and its pointless to stick your head in the sand. Forex trading is not a marriage, just admit that you are wrong in a trade. Try to follow signals. How to fix: No time for trading means you cant know whats going on in the forex markets, nor that you can adjust open trades. To make it easy I summed up the 10 most important reasons why forex traders lose: Lack of knowledge, small budget, leverage, no money management. You can find success by building your own method, strategy, and system instead of buying worthless systems on the internet from less-than-reputable marketers. It's fine to shoot for a reasonable profit but there are plenty of pips to go around. This post I wrote to help new forex traders understand more about the pitfalls of forex trading.