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Wednesday, May 18, 2011

WHY MOST FOREX TRADERS LOSE THEIR MONEY


he biggest mistake of forex trader is places their trade and then continues to monitor their trading. This is what makes up fact of this mistake because they will mix their emotion into the trade.
So how to avoid losing money on a forex trading? simply you must have the trading system and stick to it. A successful trading system causes the price to stop going lower and start moving even higher.
Technical analysis often works on a single forex trading platform, The day-trader. In the charts, if I could eliminate technical analysis, I would be much better off. A win in technical analysis are high and you can make a life changing income but of front that means it’s not so easy.
No one nor the entry will be able to predict when the trade will come in. The investor, both new and experienced traders, are often looking for the perfect trading system. The real deal was equip yourself with good money management, set your entry and exit channel, sick with it and let the system trade for you. This is all you need.

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