sincerem
VIP Contributor
When it comes to trading, their are risk one need to avoid during trading in order to avoid series of losses, especially for the beginners. The risk to avoid is as follows;
* Know the basics before trading, beginners always makes this kind of mistake, during their trading course. You don't trade because you see lots of people making money through trading. You learn what it takes to succeed before embarking on it. Cos those you saw trading and making money are not like you, they are expert traders. For you to be on that level you need some skills, and those skills comes through adequate learning.
* Trade when your mind Is set to trade, don't trade when you are feeling sick or emotional. This will derail your progress in making profit through trading.
* Trade with what you can afford to lose, don't go and invest all you have for life because you want to make millions at once with forex trading. That will result in series of losses, if you don't control what you spend per trade. Remember trading is never a get rich quick investment, it takes time to build.
* Seek advice from experts that have years of experience to give you step by step tips to actualize your dream of becoming a successful forex trader. You don't all depend on your own to make a perfect prediction, those experts will give you to make a better time of trading. If you all depend on yourself for trading perfectly, you might find yourself losing whopping cos you aren't that capable enough to make all winning trade.
* Know the basics before trading, beginners always makes this kind of mistake, during their trading course. You don't trade because you see lots of people making money through trading. You learn what it takes to succeed before embarking on it. Cos those you saw trading and making money are not like you, they are expert traders. For you to be on that level you need some skills, and those skills comes through adequate learning.
* Trade when your mind Is set to trade, don't trade when you are feeling sick or emotional. This will derail your progress in making profit through trading.
* Trade with what you can afford to lose, don't go and invest all you have for life because you want to make millions at once with forex trading. That will result in series of losses, if you don't control what you spend per trade. Remember trading is never a get rich quick investment, it takes time to build.
* Seek advice from experts that have years of experience to give you step by step tips to actualize your dream of becoming a successful forex trader. You don't all depend on your own to make a perfect prediction, those experts will give you to make a better time of trading. If you all depend on yourself for trading perfectly, you might find yourself losing whopping cos you aren't that capable enough to make all winning trade.
