Why Most of Forex Traders Lose Their Investments

it is not a secret that most of the Forex traders sooner or later loose their deposits. The reason for that is very simple – most of the traders take too high risks, in the hope of huge profits. They don’t wish to accept the fact that Forex trading is not about luck and if they were lucky in the beginning, it won’t follow them all the time. If someone tells you that during a month he made $500 out of initial $50, it may be true. Also the truth is that if this trader doesn’t change his trading strategy, he may end up with zero. Every trader has to be prepared to the failure

One of the main parts of trading strategy is the smart money management. Let’s discuss the risk levels that might be used when opening a trading position. Risk is the amount of % of a current deposit which can be afforded to be lost if your trade reaches the stop loss.

The world’s leading Forex traders strongly advise that the risk level must stay at 2-6% of the initial investment. If you don’t have much trading experience, we recommend you to set up your risk level to no more than 2% only. If the amount of your deposit has been changed, the lot size should be recalculated accordingly based on the rule of 2%. If your investment is small and the Forex trading platform you are using doesn’t allow you to open a trade with a small risk, it makes sense to move to another Forex platform where smaller lots and mini accounts are allowed.

Another main factor in Forex trading is the time frame you choose to trade on. According to the experience and advice of the best traders, you should avoid too frequent transactions. It is almost impossible to predict the prices within a day, especially for beginners. It is difficult and risky to catch the market’s movements during a day.

The best choice would be trading on the daily charts, where each Japanese candle stick develops during a day. Thus you won’t need to spend hours in front of your computer trying to make a few dollars. You will need just few minutes a day to make the analysis of the market and execute the trades. You won’t be nervous and under pressure trading on the daily charts. Believe me trading within a day and scalping requires a strong character and mental health and is not for everyone. Trading on the daily charts doesn’t include high risks and minimizes the chances of making a mistake.

Comments

Free threats for students who put down phones

An app that rewards students for time spent away from their phones is being released in the UK. Hold was developed by three students who met at Copenhagen Business School and wanted to develop something to help with the issue of device distraction. It has proved popular in Scandinavia, with more than 120,000 users across Norway, Denmark and Sweden. Experts are growing increasingly worried about the issue of device addiction. According to a 2017 study by the University of Texas , simply having a smartphone within eyeshot can reduce productivity, slow down response speed and reduce grades. suggested pupils who did not use their smartphones on school grounds saw a 6.4% increase in test scores. The app will initially be rolled out to 170 universities around the UK. It works on both Android and iOS devices and is free to download. Students will accumulate 10 points for every 20 minutes that they do not use their mobile phone between 07:00 and 23:00 every day of the week. ...

Are Smart TV Designs Taking Home Security for Granted

Millions of smart TVs from Samsung and some streaming devices from Roku recently were found to be vulnerable to cyberattacks, allowing intruders to take control and remotely change channels and volume settings, among other things, according to Consumer Reports research. Vulnerabilities were discovered not only in Samsung televisions, but also in TVs from TCL and other brands that sell sets compatible with the Roku TV smart-TV platform and streaming video devices such as Roku Ultra, according to the report. Further, the affected televisions and devices collect a wide range of personal data, Consumer Reports noted, and users who choose to limit that data collection would risk limiting the functionality of the TV. The report is based on a wide ranging security and privacy review of major brands, including Vizio, LG and Sony. This review was the first conducted as part of Consumer Reports' new Digital Standard, which is an effort among several nonprofits, including t...

Nokia brings back the "8110" that appeared in d matrix

It’s easy to forget that Nokia was once one of the biggest phone companies in the world. In 1999, it was so popular that one of its devices, the Nokia 8110, appeared in the first Matrix movie. Now, the curvy handset nicknamed the banana phone is back. As well as unveiling a slew of new handsets at MWC, HMD Global, which creates Nokia-branded phones under license, showed off the new Nokia 8110 4G at the event. As it did with last year’s Nokia 3310 , the company has updated the classic handset for modern users, though it is still a relatively cheap feature phone that’s likely to appeal mostly to retro fans—HMD even referred to it as a “vacation phone.” The new 8110 retains its original slider and curve and will be available in traditional black or banana yellow colors. It comes with KaiOS—a fork of Firefox’s now discontinued Linux-based mobile operating system—and uses HTML5 apps. Owners get Google Assistant, Maps, and Search, along with Facebook a...

Home of Entertainment, Sports, Technology and Science

Search This Blog