many new traders diawalnya experienced loss, here are some tips to avoid it.
The possibility of losing your money as an inevitable fact. Every beginning trader should realize that no one is safe from harm in the currency market. The basic rules of online currency trading is to keep profits at the expense.
Before you start trading, you should determine how much of your own money you are willing to take risks and what benefits you expect. This will be your balance of risks and benefits. Successful traders never enter trades without a clear purpose.
Many novice traders fear uncertainty and the risk of foreign exchange markets. Those who can handle themselves rewarded with a substantial increase in investment. Successful traders will never release personal responsibility. It is you who entered the market and it is you who assume all responsibility for the transaction, favorable or unfavorable. When the offers started successfully, traders often forget about the goals that have been established earlier, hoping for a successful continuation of the same. However, the market is highly volatile and may quickly end the trend. Once the target price is reached, immediately withdraw profits or raise prices-a stop to avoid losses. Increased trading volume caused by a much-publicized event led to the movement of prices, which is enough to ensure that traders use to benefit their short and rapid changes in the market. Experienced traders often aim for one trade per day, which will make a considerable profit. If the open position is getting worse, do not stay on the market in the hope of turning the trend in the direction that is beneficial to you. Immediately leave the market. Causes of loss often lies in excessive emotionality. Turn off the emotions during the transaction. Stick to your plan and do not forget to set your stop loss order. Trade along the direction of the trend and your profits will grow...
