Forex. Mistakes Beginners Area

Many newcomers are not drawn to the phrase special attention. Most of the novice traders come to market with the belief that investing a small amount of money they will receive from the trade on Forex more profit. As the statistics show, starting in the FOREX market using borrowed money unfortunate with great probability. The risk not only their own, but borrowed funds, beginning investors make mistakes. The first unsuccessful transaction, without which there is no trade in the foreign exchange market, resulting in a loss of confidence and lead to the adoption of impulsive decisions, a trader tries to make every effort to urgently «aftergame», pens themselves in an increasingly difficult position.

At the market a huge number of different influences on the strength and direction of factors, therefore, to predict exactly in which direction the market turns at any given moment - it is not possible. The most calm the situation may change in the split second the opposite. However, applying the techniques of technical analysis, analysts and mathematical prediction, carefully studying the latest stock quotes and related information can be obtained from trading in forex earnings.

Frequent omission was a rush for instant high-profit and open positions in excess of 50% deposit. Probability of loss with such a high risk strategy, forcing the trader to play more and make more mistakes.

It is believed that for a beginning player in the forex open positions must not be greater than 10% of the amount of the deposit. Violation of the principles of trade in the currency market Forex is the rapid loss of all invested funds. For currency trade may not be treated lightly, the profit is only through the application of knowledge, skills and experience. Exercise with a demo account can be a necessary starting experience, but without the experience of working with real financial trader would be hard to achieve success.

Only one of the small investors to earn large sums of forex, currency trading, however, can become not just a hobby, and craft, generating positive emotions and financial gain. Successful players operate with efficiency tending to thirty per cent of the money.