Five Forex Trading Mistakes That Will Cost You Money | Forex Trading Training

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Five Forex Trading Mistakes That Will Cost You
Money

• Platinum Trading Acadmy

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Forex Trading

• The Forex Trading Market has forever stayed the
  most reachable trading place in the world.
• forex trading is easy to start but with its
  unpredictability, it does not assure anyone of
  assured returns or gains

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Five Forex Trading Mistakes

• Do not do day trading when there is a STOP LOSS
• As you are aware that a stop loss is a
  counterbalancing order to take you out of a trade
  when the price goes against you by a certain
  amount.
• Absence of risk management for every trade and
  every day
• Trade size or position size is most important
  for your day trading. In the first part of your
  risk management strategy, you need to make sure
  about the exact amount that you are ready to risk
  on every trade.

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Five Forex Trading Mistakes

• Know your broker completely
• When you trust your broker blindly and deposit
  your funds with him for trading, you make another
  serious mistake.
• Never do day trading without a plan
• As a wise trader, you need to do day trading
  with a proper trading plan. The plan would also
  include the UK Forex Markets that you are going
  to trade and the exact timings for the trading.

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Five Forex Trading Mistakes

• Do not make use of fundamental data
• When your goal is to implement your trading
  strategy, it is immaterial to make use of
  fundamental data. This data would not serve your
  purpose as its figures are biased. As a matter of
  fact, youre trading plan and strategies could
  give you the real advantage without allowing you
  to indulge in gambling in the trade.

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Thank You.