Lesson 6 - Warning of risk and the principles of successful transactions
Money market opens up opportunities for everyone, but not for all. It requires patience and knowledge to succeed.
Besides search opportunities are lucrative and risk huge losses. So you should not trade with money that you can not accept losses.
These successful investors always aware of the risks. They take risks, move forward to seek profit. Their problem is not a true or false statement that matters is true, how much money they get and if wrong, they lose much money.
It's best to start with the smallest account to minimize risk risk of loss that you may encounter. And see Forex as a true Business, entering it with the mind of an investor, constantly learning on each transaction to achieve success and long-term profit-seeking.
If you walk into Forex with the mind of a gambler, eager to profit, wants to get rich quickly, you will be Forex burned momentarily and could hardly turn around.
learn to manage risk and protect your money you first, then you can seize the opportunities brought about super profits that Forex can bring you.
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If you are passionate investor, willing to take risks to find super profits from gold traders, trade forex please keep in mind the following principles:
+ Absolutely not trade with money you can not afford to lose (your savings or borrow money ...)
+ Absolutely not open trading accounts with the organization brokerage strange, no fame. Avoid losing money to fraudulent brokerage organizations. Today the Forex brokerage organizations have sprung up on the internet, you can find innumerable.
+ Choose reputable brokerage organizations, most professional to minimize the risk of loss due to loss systems risks and other risks caused by poor service (enter the wrong command, enter the command slow), and start practicing trading with the smallest account to fluent skills transactions, learning experience on each transaction before the transaction with larger accounts to avoid paying hefty price due to lack of experience with the strong price fluctuations and unexpected.
+ Let's start with the smallest trading account with the company best support tools to protect you. Do not rush to throw your money out the window. Take a demo account to practice. If you really want to play forex open a live account with the smallest amount, you will catch more quickly, simply because only when the transaction you are buying and selling real feelings and the feelings that will help you "grow up quickly"
+ Do not trade frequently. Trading the more likely the higher losses. Only transactions when feeling most definitely.
+ Always use Stoploss orders, determine the amount you take risks before making any transactions
+ Must find yourself a suitable trading principles. Do not trade just because others obey.
+ Must know definitively cut losses when the market goes against the trend predicted, hold for another deal wiser. Absolutely not wait and hope, the market will be routed to your account.
On a number of basic principles, to be successful you have to keep learning on every transaction. Only by grasping proficiency skills and academic transactions, postmortem on each transaction you hope to succeed and make money in the market long-term foreign currency and gold.
Good gold transactions - successful forex!
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