Hi Everyone

I am starting off, but before I continue, You must observe the following.

There are certain reasons people fail in forex, and I wish to start with them as I consider them good starting point for a business like forex.

In case you desire to jump off in the middle of these lessons and start your trading, do observe to keep these RULES, and they will keep you.

Now read:

1. When a Trader does not have good trading strategy.
   
   Those who lose everyday don’t know the key secrets. They have no understanding of support and resistance; neither do they understand chart patterns. They wait till the deadly second when their equity is consumed. With no proven trading method or strategy, you are doomed to fail. You will end up quitting the game after a string of losses. But there is hope. With the right education, a workable method, psychological balance and persistence, it can be done.
2. Not understanding how the market works,
   
   When you place a trade, you literally go toe-to-toe against some of the biggest guys in the world. Many professional traders are not only super smart and top management experts, they’re also rich. That should not make your heart skip, you can still win
   
   It just means that you simply must educate yourself and be prepared to do battle. Some people might think the cost of a trading education is too high. But the cost of ignorance is way more expensive.
3. Risking too much per trade.
   
   The newbie trader risks 10% or more of his trading account on a single trade. Real deal traders understand risk and manage it FIRST before thinking about profit. They don’t take trades if it forces them to risk too much. Pros keep their risk below 2% of their account balance. This gives them the staying power to survive multiple losing trades in a row without turning into a worry wart.
4. Not being mentally prepared.
   
   Psychology is a huge part of trading and most people are not mentally prepared. When money is on the line, fear, greed, and other emotions make trading very hard. Make sure you understand the emotional aspects of trading and be prepared to deal with them before you put your money on the line.

To get addition resource on these topics, continue to visit this blog or email: forexarts@gmail.com

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