Tuesday, June 8, 2010

Forex Trading - Lose Money


exchange operations have 3 reasons why traders lose money. If you want to see what kind of problems that the winners of the stack, you can join in the great minority.

Here is the trade falls, you lose money:

1. Contrarian disease

Unlike other distributors in the currency market has an opinion - most traders lose money, so they want to act against the common people.

Traders lose because the lack of discipline and money management - but often in the direction of the market. Traders Forex trading opportunities as they are - most of his life with a disability and a trend that is losing money.


Many retailers are trying to ups and downs, and sometimes focus on the next trend. The choice of tops and bottoms is impossible. You can not predict turning points in Forex Trading - should concentrate on the evolution of change can not be predicted.

2. Chartists Trap

Many traders study charts to trade forex to invest in a trap. review of the letter is important - not subjective, but if you lose, you have to stop.

Forms of subjective analysis, Elliot Wave and cycles to avoid - and the indicators moving averages and oscillators for the moment - and examine trends in hunting.

Subjective and objective is currency trading.


3. Ego

Global Forex trading attracts some of the smartest traders are smart people - but also have a big ego. I trade in foreign currency is not a good sign - it means you've always wanted to watch the market wants to see - as in reality it is not.

Operators must take the following questions: Can I make money or do not want to feel smart? Consider the market needs - would make money out.

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