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Forex Trading: Study On Another’s Errors

Well I remember the first virtual 300 dollars earned literally for 15 minutes As I enthusiastically represented that here now I will open the real account, I will bring one thousand dollars from a credit card and in a year I will pass in a class of millionaires!

But it is even better to me the real 300 dollars which have remained from that thousand with which I should begin a way to millions were remembered. The blessing that the common sense has prevailed in time over emotions and has literally forced me to close all unprofitable transactions, to take away the remained money and to start to think. No, I wasn’t disappointed, more likely on the contrary, I have become interested in that it is given so uneasy. The event has forced me to begin serious studying of trade. I read the specialized literature, made transactions on demos-accounts, opened real accounts, lost money and started all over again. In a word, I worked. Worked over the trading system and, first of all, over myself.

Now I already also won’t remember how many in this time was lost money on real deposits. But, with confidence I can tell that it all it was not vain. This top, I all the same took and I am not sorry about that. Though, if there was a possibility to turn time back, I would pass a formation way differently. Probably that accomplishment of following rules will help you, dear reader to avoid my errors.

1. if you will hasten you will make yourself a fool!

Some successful transactions on the educational account mislead us concerning simplicity of work in the market. But, as soon as we bring real means, all for some reason becomes differently. Money quickly departures from the account. At this stage the most part of beginning traders which, having been disappointed is eliminated and call market Forex as areal fraud and in every possible way discredit its reputation at every turn. But matter is not in it, and that they simply didn’t have experience and patience. To lose money funds easily. And here really it is possible to earn in only case when there is that minimum of the knowledge, which necessary for creation and testing of own trading system.

For those who want to participate in forex trading should start from learning the basics of currency exchange market to make sure you do not have problems with this industry.

There is another option – you can hire experienced traders to managed your trading account – read more about forex investment here. Also make sure to search for the knowledge in a good forex book.

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