Traders shouldn't overtrade

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Thread: Traders shouldn't overtrade

  1. #1
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    Default Traders shouldn't overtrade

    Traders shouldn't overtrade
    Traders should not overtrade. It happens due to fear of loss. Overtrading in the Forex market exposes two things. You are trading frequently in a short period of time without a proper plan. You are also endangering a lot of money at once. Traders need to control their emotion to avoid overtrading. My broker Eurotrader give tips to control my emotion in trading.

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    For me Forex4you is the best broker. It provides multi asset to trade in investment market. Trader can trade in FX, Cryptos, Stocks, Indices, Commodities, Metals. As for me I am a forex trader. I especially prefer major pair where the broker provide lowest spreads. It also give me high leverage around 1:500 with MT4 and MT5 trading platfrom.

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    Trader should always stay in the market. Learning to get out of the situation is more important than getting in. Trader should first plan an escape strategy before trying to into into that particular trade. So, thatís why SL is important. I am a trader too and I am trading with Forex4you. I always set SL at the beginning of the trade.

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    Every new traders should use demo account before trading in live account. Because demo account helps him to know all the basics of forex trading. Without knowing the basics of forex, it is quite impossible to make the investment into profit. At first, investing in live account is a very risky decision. When trader gets all knowledge and become pro in forex trading than he should move to demo account. When I was new in this market I also opened a demo account in TP Global FX. it helps me to understand about forex. It makes me professional enough to invest in live account. I am still trading with them.

  5. #5
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    in ro ham eslah kon:
    Indicators are the tools traders use to analyze the market. There are many indicators on the market. So, learn about the advantages and weaknesses of indicators. In my case, I started with a Eurotrader for only $ 50 and learn from their educational resources.

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