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Enclosed you will find 10 trading mistakes losing traders make and you must avoid them to win, there very common and all easy to avoid so lets take a look at them. 95% of all traders lose money and they will make one or more, of the mistakes below. 1. Using a Cheap Forex Robot Promise financial freedom for the cost of a night out and no effort but they don't work, there so cheap because of this reason but traders still fall for the clever marketing copy and lose. 2. Trying to predict Forex Prices You cannot predict Forex prices in advance but traders continue to try and believe you can. Instead of predicting, trade the reality of price change and you will have the odds on your side and can win, predict and your predictions will be as accurate as your horoscope. 3.Day trading and Scalping Day traders did makemoney, in the days before instant prices became available via the internet but today, all people have the price at the same time and this means all daily volatility is random in short time periods, you may as well flip a coin when day trading, as you simply can't get the odds in your favor and that means losses. 4. Using a Clever System Traders continually make there systems complicated and try and beat the market but simple systems work best and always have Why? Because there more robust in the brutal world of trading with fewer elements to break. 5. Working to Hard How many traders continually work at there trading and try and force profits from the market? Loads - but hard work counts for nothing and they lose. Forex trading is simple and you should only spend 30 minutes or less per day trading - you don't get rewarded for effort just being right. 6. Not Understanding Standard Deviation of Price If you don't know what it is, make it part of your essential Forex education right now! You need to understand how volatility affects price movement in terms of enetering the market and setting stops, if you don't understand how to do this and take volatility into account, you will lose. 7.Poor Money Management All traders who win understand that strong money management is the key to success and it's much more than just placing a stop! You need to manage your overall equity as well as place stops. 8.Not Running Profits Most traders take winning trades to soon and can't hold the. As open equity eats into their profit, they get worried and bank their profit but you must understand this will happen and have the courage to hold, as you must have far bigger profits to cover your inevitiable losing trades - See point 6 on standard deviation! 9.Poor Discipline Most traders have poor discipline and when they hit a losing run, they get angry and either run losses, swap systems or quit but the fact is, if you don't have the discipline to follow your trading strategy you don't have one. 10. Not having Confidence in their Trading Edge Your trading edge is the reason you will win, when most traders lose and you must know what it is and have confidence in it to follow your plan. Why You can Win Someone once said to me - Forex trading is simple but its not easy and they were right! You need only a simple method but your mindset is the key to your Forex trading success and you must have confidence to win long term and follow your plan which comes from a sound Forex education. The good news is anyone can enjoy Forex trading success and anyone can win and for the effort you make, you can earn a huge regular income, in just 30 minutes a day or less. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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