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It is true that human emotion is the biggest enemy of a trader. Traders often make mistake due to their emotions. Traders sometimes trade with emotions like greed, fear, etc. which is suitable according to their trading plan. So, traders should learn to control their emotions first. That’s I am learning it in the micro account of Eurotrader where I started trading with only $50. Because demo trading cannot teach you about emotion.
Money management is important in forex trading. Pro traders do not risk more than 1% to 5% of their capital in a single trade. But only a handful of traders actually follow this rule. Proper money management rules must be followed by all traders at all times in every trade. I trade in Forex4you with proper money management. This protects my capital and helps me to stay in the market for the long term.
Controlling your greed on Forex is really a little difficult especially when you are new to this market. Forex buying and selling can be profitable in two ways, so it is more difficult to control our greed. When trading in Forex, you should keep your greed and passion away.
GPS Forex Robot
Risk is the common factor of forex market. A trader can face the loss most of the time if he has no knowledge about trading. A trader should know the right time, right place and right currencies while he is trading in the market. Most of the traders lost their money because of their little knowledge about forex.
Most of them don't know how to recover losses. Sometimes traders take decision emotionally after loosing money. It causes more losses. I am also a trader of TP Global FX. I always welcome losses and think that loss is the energy to make profit. Taking wise decisions can recover the losses.
It is difficult to survive in the market for the new traders. They always be in fear of losses. If they face losses, they quit the market. As a new trader, he should know that loss is the common factor of forex trading. If a new trader can get proper education about forex, he will never leave the market. Because he knows that if he tries well he can easily recover from that losses. A broker can help a new trader to recover and reduce the losses. I am always trading with Tpglobalfx because of their support and easy trading technic which can help me to reduce my losses and make profit.
Yes, I have always failed due to emotions. So it is something we have to really play wisely if we are to benefit. I find it comfortable with FreshForex, as thanks to their epic setting, I find it all nice and easy. I also use their market analysis to help myself boost further.
the emotions that exist must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.