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What to instil in the minds of new Forex traders
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[QUOTE="Flow-er, post: 249086, member: 71012"] Most of the forex traders do not know that it is good to exit trade whenever the market is not favorable or when it is favorable and you have made some gains. But when you are greedy and you wanted to make more after making little amount of profit, you might lose your money in that process. it's always good to be very careful of trading all the time because when you have that kind of mindset, there is every possibility that you would blow your account. The best thing to do is to trade whenever the market is favorable and when your strategy is working but if the strategy isn't working or the market is not presenting the strategy in such a way that it would work, the best thing is not to trade at all. So many forex expert said that at times, the best strategy to use is not to trade at all because it is exactly when the market is not favourable. That is a major challenge with most of the traders because you want to trade all the time and you want to cart in lot of money all the time, this isn't so because when you try this kind of thing you may lose at the end. [/QUOTE]
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