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Forex
Losing is part of learning Forex trading
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[QUOTE="Good-Guy, post: 330550, member: 29109"] There are many things a trader must realise before they jump into the market. Trading in the Forex market is not that easy. If it were that easy, then all the people would have had been involved in this market and they all would have had made tons of money. The good thing about Forex market is the fact that it is a very old market. There are many things we should know before we invest money in the Forex currencies. [B][I]Using Stop Loss Correctly[/I][/B] A trader must know how they should utilise stop loss. using stop loss is one of the most effective ways to limit your losses in case if the market does not go into the direction you want it to go. [B][I]Volatility[/I][/B] This is also one of the major factors. Volatility could have a huge impact ion your investments. You may place a stop loss, but in case if you invest in a really volatile asset, then it may trigger stop loss quite quickly. This usually happens a lot when you trade gold because it is considered much more volatile than Forex currencies. There are many other things you should know. Trading in currency markets and commodity markets require experience, knowledge, and skills. Unfortunately, not all the people possess these things. [/QUOTE]
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