If You have to learn forex in a course or a seminar or perhaps You studied yourself via the internet; then you train yourself with the technical analysis by using the demo account forex, until finally you really ready for the real account. After you open an account, start doing things that either:
Happy scenario
You follow your strategy, has comfortable trading and then closed the position with a nice profit. You then plan a longer trade on the pair, and saw the closure of trading also profit. Perfect!
Now you feel more confident and two times your trading with profit. You win again and you regret not putting a lot of trading volume is greater than ever before. Winning again, now you feel that you have learned the system. You feel invincible. Then, who needs a strategy when you win?
"Why, indeed if already profit still need a strategy?" Perhaps you are wondering.
With all the trust and confidence, you find that you are in the correct position. Then you take the position again and again. But unfortunately, trading now goes against you and you move the stop loss you further, but eventually got too. Your hobby to move the stop loss? Now you loss and loss of profit which has so long been waiting for, and then you see, after touching the stop loss he moves to turn. You are still sure that you know how to beat the market?
I am sure that some of you have experienced such things. Tips to cope with things that are:
1. Analyze the trading at the time of profit: Many traders analyze their trade to take lessons on the next trade. This is great, Just do it! Please don't because you just profit, as if You had a great win the battle, you still have a high stamina gallant and for the next battle.
2. Break: don't rush into a new position immediately. This may be the position in a hurry and you will lose your profits.
3. Do not be tempted on your account is greater: this would have been nice, because you see more money in your account, but does not help you become a better trader. This is a waste of time and you can be too confident.
4. Do not enlarge the volume of your position is: "Yes, you can make more money with greater position on trade. But it goes both ways-you can lose more money in the next trade.
5. Drag the money profit: sometimes withdraw funds from your forex account to your bank account is always in delay. You think, "with a lot more money on the account, I could increase the volume of trading me, anyway it's money profit." Whereas, according to me, seeing the money less would undermine sensation euphoria and minimize the amount you can lose ...
So a little tips that can help you profit traders to keep does not lose any more profit. However, I am sure you have your own tips. I am glad to hear it ... as happy I can share.
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