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    Thread: Overview: Avoidable mistakes forex day traders make.

    1. #31 Collapse Post
      FX Vampire
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      Many Forex traders fail due to very high expectations. Many people think once they start trading, no, Forex does not work that way. Forex Like all other businesses, you have to make your plans before venturing into a business, if you really want to succeed. Jumping into a business without appropriate feasibility studies destroys the chance of success of such work when it finally begins. This is the case of Forex. Yes, there are bonuses for all the money invested in Forex,


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    3. #32 Collapse Post
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      Forex News Announcements is an avoidable mistake that we make in the forex market because we think that trading news will automatically allow us to gain all the information about earning that we have made in the forex market, provided we know what we are doing, there are opportunities that would come for us to gain in the future, although many traders don't have the understanding that would increase their trading performance apparently because they are not sure that trading forex is actually something that they would want to do, as well as the maximum amount that can be earned from the average business man, there are different ways to keep losses away from our account as we have spotted the opportunity to make it.


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      Without planning, there will be no mission statement and no vision. In addition, larger projects will take longer than necessary, or may never reach completion, because no one did the planning necessary to break them down into more manageable segments.Helps to achieve objectives: Every organization has certain objectives or targets. It keeps working hard to fulfill these goals. Planning helps an organization to achieve these aims, but with some ease and promptness. Planning also helps an organization to avoid doing some random ( done by chance) activities. Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% a month thanks to leverage. Also remember, you don't need much capital to get started; $500 to $1,000 is usually enough. you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary trading skill, discipline, patience, or realistic attitude to succeed long-term in the markets. The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk. Forex can be a very good investment compared to stocks. Forex does not have to look for a buyer to take your position out, any time the trader wants, the trade can be closed during trading hours. For investors, Forex is a good way to make a nice ROI, but it can also take risks with it.


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