5 essential Psychological Trading.

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Don't make overtrading.
This is one of the most common mistakes made by traders. Pursuit of more profit in a short time, they spend most trading margin for open positions, regardless of the free margin should have to endure when the market moves do not correspond to their predictions.

Open a trade position with a large margin, would put your account in a very vulnerable position. Always analyze the charts correctly and use this information to derive at a sensible trading decision.

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Not let your emotions rule in trading and to be objective with your decisions.
This often occurs when subjected to the position of floating minus. especially in circumstances or market conditions are volatile.

Be sensitive enough to see the factors that may have influences the changes that transpired against the original analysis you had mapped out. If the substantial signs are there, reconsider your losing position.

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Cutting your losses at an early stage and being loyal to your profit earners.
It is sometimes difficult to do because most traders expect prices will reverse, so he will make a profit. and trying to deny the signals given by the system or strategy it uses.

Do not be caught in the belief that every trade should be profitable. If half the number of your trades are earning, you are on the right track. The key to making sure you still get enough even if only half of your trades are winners is to allow your winners to run and to minimize your losses.

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Trading with a regimented plan and system - is the most significant principle.
Trade is carried out should be planned well with a good system or strategy. The plan should include sophisticated research and examination of the currencies as well as stop and limit levels of the trade. The prepared plan should have an analysis of the expected upside along with the downside.

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:: 5 essential Psychological principles for successful trading.

1. Trading with a regimented plan and system.
2. Cutting your losses at an early stage and being loyal to your profit earners.
3. Not let your emotions rule in trading and to be objective with your decisions.
4. Don't make overtrading.
5. Awareness - Never follow blindly.