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Five Forex Trading Mistakes That Will Cost You Money | Forex Training

There are some common mistakes which cost you money while trading in the forex market. Five mistakes need to avoid while trading forex. Visit our blog: https://forextradingcourseuk.wixsite.com/forex-blog/home/five-forex-trading-mistakes-that-will-cost-you-money

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Five Forex Trading Mistakes That Will Cost You Money | Forex Training

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  1. Five Forex Trading Mistakes That Will Cost You Money Platinum Trading Acadmy

  2. Forex Trading • The Forex Trading Market has forever stayed the most reachable trading place in the world. • “forex trading is easy to start but with its unpredictability, it does not assure anyone of assured returns or gains”

  3. Five Forex Trading Mistakes • Do not do day trading when there is a STOP LOSS As you are aware that a stop loss is a counterbalancing order to take you out of a trade when the price goes against you by a certain amount. • Absence of risk management for every trade and every day Trade size or position size is most important for your day trading. In the first part of your risk management strategy, you need to make sure about the exact amount that you are ready to risk on every trade.

  4. Five Forex Trading Mistakes • Know your broker completely When you trust your broker blindly and deposit your funds with him for trading, you make another serious mistake. • Never do day trading without a plan As a wise trader, you need to do day trading with a proper trading plan. The plan would also include the UK Forex Markets that you are going to trade and the exact timings for the trading.

  5. Five Forex Trading Mistakes • Do not make use of fundamental data • When your goal is to implement your trading strategy, it is immaterial to make use of fundamental data. This data would not serve your purpose as its figures are biased. As a matter of fact, you’re trading plan and strategies could give you the real advantage without allowing you to indulge in gambling in the trade.

  6. Thank You.

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