Overtrading

 

Many new traders are so eager to profit from the market that they usually trade just for the sake of trading. Again, this exposes you to greater risk, without the commensurate rewards. Trade when you feel that there’s a good opportunity. Don’t trade for the heck of it.

Forex trading: Fighting your emotions

Forex trading involves many emotions. These emotions include greed and fear, the two biggest culprits when it comes to emotional trading losses. Green happens when you try to take advantage of previous profits, despite indicators that warn of probable losses.

Forex Trading Guidelines

There’s no sugarcoating the facts: forex trading WILL be a grind. You’ll probably start out either on the losing end or making small, barely noticeable gains. But before you start, here are some very important guidelines to help you.