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Showing posts from March, 2011

New to FOREX TRADING ? - Avoid these 6 mistakes

While searching for information about mistakes made by new forex traders, I've come up with these are the most common ones: Not having enough funds Yes, it hurts, but it is the most common issue. You got to have a reasonable trading capital. If your account is too small, you might find it difficult to pull the trigger on a trade, because you are too scared of losing what little capital you have. It's essential to have enough capital in the account so you have the ability to survive a chain of losses, because they can and do happen. You got to accept that losing trades happen to each and everyone, and you should not be in a situation where some losses can wipe out the total  trading capital you do have. Very High expectations Another common mistake of new traders is having unrealistic expectations of what is going to happen. Most of us ....... (Please click Read more) ........ begin thinking of sitting on a sofa, opening our laptop, having a few keys pressed and some clicking w...