Platforms – Forex Trading – I Make every day tens of thousands of

Most people lose all their money in forex, at least for the first few times charge the living and try to enjoy the trading platforms. It starts with a demo account platform, Meta Trader 4 is likely to be, as it is the most widespread and practiced different strategies and at least the basics of trading platforms, such as the opening and closing trades.

the first thing that strikes people when they go live to all the good hand of emotions that are under control of the demo account flew straight out the window and change into a completely different person. They start smoking two cigarettes at once and does not leave the screen to eat a visit to the toilet. Of course, still live in a tiny $ 200 bills in a very emotional awakening. In no time at all, they lost all their money and do not have enough capital to open the account on a single trade micro lots.

But even if the emotion was not a problem, the real reason is that most people lose money to the plants just as absurd belief system that you wrote for ages. And the main problem of these people suffer from the use of stop losses. The real question is, in the Stop losing settings can not stop the loss – only crystallize and confirm them. They lock in the loss, which seems to me to be a crazy hope to make a profit.

I use the same methods to calculate the stop-loss position, often 50-80 pips from the price of commercial – but never give you the option to trade. Alternatively, they get to do is to open a pending stop orders of 50-80 pips, so if a trade does not go bad for me, the trade still stay alive until he can not hit the profit target and the pending orders will go live in temporary period just closed my further losses in equity. Then it's time to deal with the trade, and to close both the hedged transactions in the result. I refuse to accept any trade is a loser; It is a safe level of hedging my bets and money both.

Source by Phillip David Jarvie

Leave a Reply

Your email address will not be published. Required fields are marked *