|Is it possible for traders to learn on their own|
|At the beginning of getting to know Forex, you'll find that there are quite a lot to learn about foreign currency trading, which may cause frustration. In these days, spread wisdom is that the only way to achieve success in Forex is to teach yourself how to trade. Given that there is a high failure rate among traders learn forex trading, will represent that wisdom a viable option ?|
|The main reasons for the loss of most currency traders in the foreign exchange market|
|Greed / lack of planning|
At the beginning of getting to know Forex, you'll find that there are quite a lot to learn about foreign currency trading, which may cause frustration. In these days, spread wisdom is that the only way to achieve success in Forex is to teach yourself how to trade. Given that there is a high failure rate among traders learn forex trading, will represent that wisdom a viable option ?
So you trade successfully daily , often there is an element are usually neglected , but very vital element , and is named after determining special win vs. a loss, and also known as the proportion of risk versus reward . Mentally , the trader should decide firmly daily the importance of creating trading opportunities in today and which will have a minimum yield of 1.5-2 times the size of the risk .
Leverage what you mean in reality is that you will be able to double your money quickly if you achieve several consecutive gains . The change by 1 percent in the price that gives you a 100 percent return on your money , and this is what makes the forex market better than any other .
One of the biggest problems faced by most traders is fear. Fear is a powerful emotion and can easily affect on our business . There are several different reasons that can cause the appearance of fear , and every one of those reasons may lead to losses and wrong decisions .
Psychology 's leading experts commercial and a link between the existence of reasonable expectations and between having a healthy trading mindset . When the person selects expectations too high , it becomes more susceptible Aikhyeeh hope . I on the other hand , when a person puts a very low expectations , there will not be enough of a challenge to do better .
The U.S. Dollar Index is an indicator comprises a basket of currencies by which compared the value of the dollar against it , and most traders refers to the name of USDX . This basket of currencies including the euro, British pound , Japanese yen , Canadian dollar, and Swiss franc. And noted that the euro area includes 17 countries , which means that the dollar index is composed of a total of 22 countries.
Reduce your expenses. You can not invest on the internet if you do not have enough money to invest , right? Thus, simply logical that you first cut your expenses , even though you do not need a large amount of money to start, one of the main conditions is that you save a portion of your money aside for Forex Trading only . And the requirement to save money is the only guarantee that you will not be able to remain living a comfortable life with the treatment of other financial responsibilities your own even with the existence of an investment project in mind. And although there are many online trading traders who did not have enough money in their bank accounts remains unchanged $ 50 already sufficient amount of the investment.
When I started to invest in gold in 2000 , gold had reached the lowest level at $ 252.80 on July 20, 1999. At that time was a group of investment funds in gold is very limited as the number of gold shares is much smaller. And they were all bad - performing funds , where he was buying gold at that time considered a very bad investment .
The Forex market, like all the activities of other public financial investment markets, is a social affair. It is not one person sitting in front of the trading terminal. This is because the the market is affected by emotions. So when a lot of people carry the same feelings and take the same reaction to these feelings then those feelings become the direction of the market.