Information for people who approach for the first time the Forex market
1 / Mistakes and losses are listed in a mandatory trading in all markets. The sooner you learn to lose the faster you earn money. You must not blame yourself for yourself or others, let alone the market. Your losses are not due to your weak reasoning. Your task calmly and analyze your mistakes and not repeat the following trades. You should not jump for joy when you win € 800 and in the same way you do not bang his head against the wall when you lose € 200. Least the emotional part of yourself will be involved in your operations more your ability to understand the true meaning of the market and improve your decision-making. It is vital to develop a cold analysis of the situation. Treat winning trades as losing trades, just as numbers and not as money. You must remember that the Traders learn with their losses and not with their earnings. When you understand that each losing trade is another step towards winning trades that you know you're in the right direction .*
2 / The Trader's main enemy is not the market. Blaming the market is like attacking the whole world. The greatest enemies of Traders are greed, impatience, the maquis of emotional control, lack of self confidence and self-oriented nature too well. You should never open a position just because you're bored and have nothing to do. You know the rules for how many positions you can open on the same period of time. Even if you open a position every 2 or 3 days and if you win 600 or € 800 per trade means that you are in the right direction .*
3 / Keep a log of your operations in which you will notice precisely the reasons that you have pushed to make your trading decisions. Note the market conditions that may have influenced your decision to open or close a position .. After each trade sure to note the results in your journal. If you make a profit it is important to remember in detail all the reasons you have to reach the right decision. Market movements often appear when the news change the parameters known to the experts. This is why you may forget these facts when you come back later to analyze your decisions. It was found that there is a very limited number of errors that can make a beginner Trader and you get to understand you will be able very quickly not to repeat them.
4 / Read the opinions of others, but base your decisions solely on your own analysis and your views on the market. If you are consistent with predictions of another person then that's fine but if it is not the case then attached no importance. However, if after having been some difference of your views you begin to doubt the validity of your analysis so do not trade your real account by cons you can do well on the demo account. If your prediction is correct then all is well. If your prediction is wrong then review your analysis .*