1. You don’t have a trading strategy.The biggest mistake you can make while trading Forex is trying to trade without a well-structured trading strategy.Trading without a plan can result in letting your emotions control your trading, cause you to make impulsive decisions and give in to your biases. The most common result is missing out […]
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https://youtu.be/2Ura9y953-M 2. Emotions: letting your emotions control your trading is the biggest mistake a trader can make. Our emotions cloud our judgment and can even ruin our trading strategy, leading us to losses no matter how much time we invested in analyzing the markets and creating a plan. 3. Lack of understanding: if you don’t make sure
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About 90% of all traders lose money. In Forex trading the number is closer to 95%, which begs the question: Why do forex traders lose money? Here are 5 of the most fatal mistakes that cause traders to lose money: 1. Lack of a Proper Trading PlanMany Forex traders do not know that forming a thorough
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The rise of worldwide automation can no longer be ignored, and it is undeniable that one of the major fields that have flourished due to this progress is trading, especially Forex Trading. If you’ve ever asked yourself why you should use automated trading, this might help you… Here are the 10 top advantages of using automated
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Automated trading, or algorithmic trading, is a great tool for all traders. Executing trades with an automated system has many benefits, however, that does not mean there are no risks involved. So why should you use Automated Trading? Here are the major pros and cons Pros:1. Emotional Control – When trading automatically, the emotional factor is eliminated, since
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There are many types of algorithmic (automated) trading. As an individual looking to automate your trading, finding a solid strategy is not an easy task, here are your options: DupliTrade: Automated Trading Made Simple. Our trading platform lets you automate your trading on Forex, Indices, and Commodities, by duplicating the trades of experienced strategy providers, which are
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Copy trading is a form of automated trading where you copy experienced traders’ actions. As popularity increses, it seems more and more people see the benefits of practacing copy trading. Here are the top 5 benefits of copy trading: 1. Time-Saving. Technical and financial analysis are crucial parts of profitable trading.So crucial in fact, that
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Most people look for financial freedom by creating additional income sources. A significant amount of these people, haveat some point considered Forex trading as a potential additional income. However, they are too scared to pursue it because of prejudice and bad impressions caused by the difficulties and time-consuming attributes that are part of Forex trading.
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It’s no secret that there are certain character traits you must develop to become a successful trader. It’s not only about your formal education and depth of pockets, there are several character traits you need to have in order to be a good trader; 1. Patient Patience is an important trait, crucial for becoming a profitable trader.
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Automated trading, also known as Algo trading, is a relatively new form of trading which until recently was used only by big financial institutes that require a large initial investment such as hedge funds and private trading firms. As the technology developed, automated trading has become available for individual traders with a smaller size of initial
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