2 Tips For Traders

There are some common mistakes that I see those traders making
who don't make money in forex market.

One big mistake I see them making is to prematurely jump in
the live market without doing sufficient practice. You need to
do sufficient demo trading 1st.

Like I always say, consider Forex Trading as a business. Once you
do that, your whole approach towards trading will change.

You'll consider twice before risking your money on a trade. Your
chart analysis will become more objective and so forth.

Now let me run down the 2 top tips that you hold when
you analyze the charts -


1. Be objective when doing chart analysis - Don't read the
charts with the intent that you have to do some trading today.
This will just make you interpret the charts incorrectly.
A clear support level will start looking something something
different and so on. Some read the chart the way they want the market to be.

Instead your approach should be to analyse the charts with open
mind and after the analysis you should decide if there are some
trading opportunities present or not.


2. Stay out of the market if you are not sure - Money preservence
is equally important as making money. So, if you feel the trade is
risky, the good judgement call will be to stay from the market
unless you see the reward to be much higher than the risk!

Consider these points and you will see a vast improvement in your
trading results.

Alright, I guess I have already written a long post.

To your success.
Hassan
www.forex-riskmanger.com