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Some believe.


Jan Wallas

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Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial keys if you want to make forex trading profitable. For profitable trading, I am using TenkoFX.com . Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way.

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  • 2 years later...

Knowledge is the main strength in the forex market. There is no use of capital if you don't have any knowledge. A trader needs to get all kinds of knowledge about forex before entering into the market. So, it is very important to gather knowledge. A demo account can be the best option to get knowledge about forex. I also used a demo account of TP Global FX when I started my trading career. That account helped me to get all kinds of knowledge about forex and helped me to make what I am today.
 

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Most of the traders believe that making money from this market is quite easy and safe. But it is completely wrong. Making money from this market is not so easy. Many traders are loosing their money everyday.

If you want to become successful in this market you need to have proper knowledge about this market. Those who have no knowledge about this market and forex trading cannot survive in this risky market. I am also a trader. i am currently trading with Forex4you broker. They always by my side when I am trading in this risky market. They are very helpful.

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Without proper education, it is impossible to trade in forex market for sustainable profit. Even advanced FX traders often experience losses and failures. If you don't have a good knowledge about what drive this market, you can't expect the market to treat your money kindly. Thankfully, my broker Eurotrader provide me basic forex market education which help me lot at my starting career.

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Forex is most interesting and risky market in the world. Some will you that you can become a billionaire in Forex trading overnight, but in realty its different. Keep in mind that you can always lose all your savings with one click. with proper knowledge and skill, you can maintain a healthy grow in your capital. I am trading with Eurotrader. In my 2-year trading career I almost triple my capital.
 

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