Are you constantly funding your Forex account only to get a margin call a few months down the track or worse still a few weeks down the track which is not unusual with volatile markets? In other words your Forex Trading is somewhat of a disaster. Well you are not alone. Most people will tell you about their wins but not their losses.
So what's going on here? The market is extremely volatile right? Sure that's right but that's forex for you, it's a volatile market. Don't resign to the belief that you can't trade because the market is now volatile. It always was.
So what is the problem? It's your broker right? Let's put the broker aside for a while and assume you do not have a problem with your broker and address the problem at hand as a planning problem.
Of course Forex Trading Disasters can be such a disheartening experience. It takes alot of discipline to get this recurring nightmare under control but the discipline is not as much will power as it is a well designed and simple plan that must be adhered to. Adhered to includes revisiting occasionally to keep you on track.
Take the lesson for what it is and move on. As long as you are willing to apply a fix then chances are you will make some improvement. If you're not sure where it is that you are failing, stop trading, find the problem before you take it up again. Otherwise, you will end up in the same bad situation.
It's quite overwhelming when it all goes wrong. That confidence gets knocked out of you and you start to doubt yourself. There is only one solution for that and that is knowing what to do and how to fix it. That restores your confidence and gives you the necessary tools to tackle this thing head on.
You can bet your problem is due to one of the fundamentals of Forex Trading. Always return to base when you need to realign your sights. Go through the basics one step at a time and you are bound to pickup the area that gave you grief.
This article is about Fixing your own Forex Trading Disasters. Once you learn how to fix it, you will know how to keep it fixed. Examine the list of items and you may be surprised at areas that may have been overlooked.
So what's going on here? The market is extremely volatile right? Sure that's right but that's forex for you, it's a volatile market. Don't resign to the belief that you can't trade because the market is now volatile. It always was.
So what is the problem? It's your broker right? Let's put the broker aside for a while and assume you do not have a problem with your broker and address the problem at hand as a planning problem.
Of course Forex Trading Disasters can be such a disheartening experience. It takes alot of discipline to get this recurring nightmare under control but the discipline is not as much will power as it is a well designed and simple plan that must be adhered to. Adhered to includes revisiting occasionally to keep you on track.
Take the lesson for what it is and move on. As long as you are willing to apply a fix then chances are you will make some improvement. If you're not sure where it is that you are failing, stop trading, find the problem before you take it up again. Otherwise, you will end up in the same bad situation.
It's quite overwhelming when it all goes wrong. That confidence gets knocked out of you and you start to doubt yourself. There is only one solution for that and that is knowing what to do and how to fix it. That restores your confidence and gives you the necessary tools to tackle this thing head on.
You can bet your problem is due to one of the fundamentals of Forex Trading. Always return to base when you need to realign your sights. Go through the basics one step at a time and you are bound to pickup the area that gave you grief.
This article is about Fixing your own Forex Trading Disasters. Once you learn how to fix it, you will know how to keep it fixed. Examine the list of items and you may be surprised at areas that may have been overlooked.
About the Author:
Chris Demaana is a Foreign Exchange Trader who has compiled a list that highlights common areas that can contribute to trading disasters and may help you to minimise Forex Trading Disasters once and for all.
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