Online forex trading can sometimes violent emotions, and therefore a profitable trading system more than just a successful forex strategy. Everyone has strengths and weaknesses, preferences and prejudices. If you nominate yourself for this you get a better idea about the kind of market where you want to act and how you want to do. The Self-Analysis also affect other parts of your Trading System and therefore one of the main components.
Why most traders lose money
Anyone can learn to interpret graphs, news to keep buying low and selling high. In our eyes the story of the Turtles (amateurs who led a successful trader earned millions on the futures market) do not agree so very special. Profitable Forex occurred is in itself actually not that difficult, especially for those who are prepared some time and study to invest. Yet 95% of losing traders. This is because they are under 1 or more of the following 3 groups include:
1) Gamblers
2) Lost Boys
3) Psycho's
The gamblers are the real idiots. They treat the fair as a casino but still think that she was briefly going to be rich. Structurally winning is impossible for this group because they never think about it. They go short because they think the price is now anyway once must fall, and lung because "the jam can not be lower. They invest too much of their capital in a single position, buy and sell in panic out of greed. These are the real fish.
The Lost Boys do think after, but have no structure, no system. They do have some understanding of how the market works but occurred often rather ad hoc. They keep their profits are not expected in the holes, invest regularly and learn much in 1 position in dribs and drabs but also because they have no system where they can incorporate their experiences.
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