Some tips on avoiding loss of Forex trading -Forex Beginner Guide

What do you think about Forex trading?

Money printing machine
Place for gambling
The medium of shortcut is big money

The answer is from you! If you start Forex trading by thinking one of the three of the above, there will be no other way than bankruptcy. Guarantee, the investment will be completely lace.

For those who are going to lose daily on trade, today's article Avoid Trading Loss Most traders lose their main reasons. If you know and understand these factors, then we can be sure that "the chances of loss will be greatly reduced". Let's start if you start

Lack of adequate knowledge
From the beginning we have been telling you about this. To trade forex, you have to know and understand first, do business afterwards. From our experience we have seen, about 70% of traders do not know about various important issues related to trade.

Explaining with a real example -

There was a trader in our training session (sorry not to disclose it). He has been doing regular Forex trading for almost two years but he can not profit well. After accepting more than one entry, there are lots of losses in Los Angeles. After talking to her, I learned that she has lost about 4000 thousand dollars (about 3,40,000 rupees) in the last two years, but still she did not give up, and she is going to trade and Loses is going to equalize!

After discussing some issues with him at one point, we can understand - he does not know anything about forex. At one stage he talked about our Fibonacci tool. He said, "I have heard the name but I do not know how to use it". Did you understand anything? Thinking about how a trader trades without using this tool, he thinks he is the eighth wonder of the world! So understand, how would such a person profit by trading?

Those of you who do not yet know or understand Fibonacci must know better about this tool before entering the real trade. This tool has been discussed more in our "Elementary Course" Here's a detailed discussion of this tool's use of different types of trade.

If you do not know the Forex trading issues till the day, do not start real trade in any way till then.

Running behind the signal
Every day, about 10 percent of our support numbers, who want to know about Forex related issues, do we give any signals? Whether we sell signals? Where to get good signals? Etc etc .....

The purpose of those who trade through signals is to say - what is a person you know who has succeeded in trading on the basis of this signal? Not to be. From our own trading experience, as long as you can not learn the analysis and do not finish running this sign, then the profits will be like a mirage.

Reduce dependency on the indicator
The use of different types of indicators for trading can not be denied. To trade, we need to know better about the type and use of their work, but the problem is, we often forget that "entry for entry, not entry for indicator".

There is a type of trader who always relies directly on different types of indicators and enter the trade entry. Do not think it is necessary to see whether the market trend is in the situation!

If you do not reduce such dependency from the indicator, you will never be a skilled trader. Remember, one thing is that each indicator is made by a trader. If you know this MQL programming yourself, then you can create your own index by yourself. The indicator will never be able to set the right entry or profit target, but sadly, we often forget about this and rely on it to trade.

One type of indicator works for one type of market position. For example, the technique that the players play in the Test match, does T20 match also use the same technique? Of course not! So why did you try to use an indicator in different conditions?

If the indicator did so well, then a broker would never provide risk warning notices under their website. Remember, the indicator will always help you with an entry in connection with your own strategy. Again, only you will be "helpful". Nothing else. Just imagine, using the same indicator, you are using the same indicators but using millions of traders. Then you are doing loss and how is another profit? See our "Elementary Course" for how different types of indicators work and how different indicators are used for one market condition.

Trade after trade again!
We are suffering from this problem most, the main reason being, by doing extra trades at one time, we become more like a "addicted" person. If you do not like the trade then it does not feel good, due to which the market does not sit well with entry without analyzing and the results are awful.

Suppose you have a EUR / USD currency pair by entry and the market trend is by Buy / Position. So, your profit! Now you have to close this by-entry in a fixed position! Suppose, you closed the profit entry and found that this currency pair has been above much higher than before! That is, I thought, now let's profit a cell / sell entry.

Take a good look, what did you do? After the trade again entered the trade, but the market price did not change its trends? If you do not have enough balance, it will not take time to stop the account.

There are many common sources of forex trading that we all forget...

You have finished the trade entry, so you must wait for the next entry. If you do not have this patience, then you will never become successful in trading.

And if you miss the entry of a trend, then do not miss it unnecessarily! If the brother is running behind the bus, then nothing more than an accident will not be brought to the forehead.

Forex market is exactly the same. If you ever missed an entry position, please wait for the next position. Market, you must re-give good entry positions again. We do not get entry from the least to make a mistake, we believe in the intelligent work.

Scalping or short-term trade
A tendency is often noticed among newcomers. They mostly like scalping, but they do not follow the conditions of scalping trade, which leads to losses. Scalping If you can not scalping properly and not for everyone, your loss will also be horrible!

Scalping is a short time trade. Since this kind of trade is done for a short time, the trader must be tactical. As a trader, you also need to understand, "What is Scalping Trade for You!" If you want to understand this easily, then everyone should be a doctor, but how many people can be a good surgeon? Hope to understand.

To be a good scalper, you have the ability to have a lot of time behind the market and very fine analysis, and more importantly, understand whether you are perfect for scalping trading. Read our article on "Types of Trader" for details on this topic.

For those who are undergoing new business or are less experienced in real trading, we will request them to stay away from this scalping or short-term trade. One thing to remember is that, the scalping trade is for experienced traders only, not for beginners!

You might be surprised if you fall asleep, those who are proficient or expert traders, do not trade more than one or more than two currency pairs! When an experienced trader does not trade in multiple currency pairs, why would you do it? One doctor is also experienced in a particular subject, but he can not be an expert in all matters. That's normal.

For newcomers, we suggest that only one currency pair will follow and always accept an entry pair by analyzing this currency pair. The most ideal is the EUR / USD currency pair. If you can be experienced only by trading in this pair, then it will not be hard to understand other currency pairs of forex market.

Leverage and margin trading
80 percent of the trader does not know or understand about this matter. Easier to understand where leverage is, it involves making a lot of lot / volume trading through a small amount of money. The matter is-

Suppose, your balance is $ 50, but when you take an extra leverage in 1 Lot / Volume Trade entry, it is called Margin Trading. This issue is very risky and not for all types of traders. Please read our "Leverage and Margin Trading" article carefully if you need more details about this.

Never take more than levy of a loved one and do not go to trade. Almost all brokerage offers the benefit of trading on leverage to their customers. Initially, margin trade seems to be of great benefit to you, because you get the advantage of trading large lots through small balance. Everything is good but it is actually a trap.

I've already talked to you about this topic, so do not write more details here. You can lose your investment entirely due to additional margin trading. So, refrain from margin-based trade until you have experienced it.

Our suggestions for the newcomers are: 1: 200 Leverage, do not get entry on the trade. This amount, as the leverage, is standard.

That's all for today ....

(N:B: Please read about Leverage - What is leverage? Details about margins , please visit my blog)

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