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Old 07-31-2017, 10:59 AM
adamsmiths adamsmiths is offline
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Default Never get addicted to forex trading

The Forex market is an amazing place. This market is open for 24 hours a day, you can trade any currency pair of the world you like and you do not even need to go to an office. All you need to do is have a computer with an internet connection and you can start your trading in Forex. If you do not have a large amount of money in your account, there is no problem. Brokers are here to the leverage advantage. You can place big trades on the market even if you have a small amount of money in your account. In Forex trading, traders need to know how they can make money and all of the lucrative advantages only cause traders to become addicted to trading.

Getting addicted to Forex trading will not do you any good. If you think you can become a master trader by trading the market with a large amount, you will only lose your money. Most traders in this market simply lose their money because they become addicted to this trading market. In this market, you need to know you cannot make money if you trade the market all day.

Also, the advantage of demo accounts attracts the traders and make themselves think that they can make a very good time profit with this market. Most do not even realize they are becoming addicted to trading. If you are trading in this market, you need to understand, getting addicted is bad for your money. However, the professional traders in Singapore are very good at trading since they know how to control this addiction. They always trade the market with rational logic and follow proper money management plan in every single trade. They know very precisely that by trading more they will never get rich.Rather, high-quality trade execution is the only factor which will make them profitable.

How can I overcome Forex addiction?
Most traders have overcome this addiction by losing their money. You should never execute all the possible trade setups in your online trading platform. As a professional trader, you need to follow certain rules to ensure your profit factor in this industry. But as you are reading our article, we will give you some free tips that will really help you to overcome the trading addiction.

The first thing that you have to do is, trade less. Trading less is more in Forex, and you will be able to place a perfect trade in the market. Remember, trading in Forex is about making money and consistent profit. It does not matter if you have to make a 10 dollar profit out of your 4 trades or out of your 20 trades. As long as you are placing fewer trades, you will be more focused on money management.

Secondly, always think of trading as a marathon. You have come into this market for trading in the long term. Do not run out for money and you will overcome your addiction of trading. Instead of scalping the market, try to focus on swing trading strategy or long term trading techniques. Itís true that when you trade the market in the longer time frame you will need to exhibit lots of patience. But it's better to remain on the sideline rather than losing money. Try to learn the art of price action trading strategy, since it will give you a precise trading opportunity in the higher time frame. Though the system is extremely reliable and profitable, always make sure that you are following a proper money management plan in every single trade.
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  #2  
Old 08-01-2017, 04:23 AM
divi divi is offline
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Default Re: Never get addicted to forex trading

Hi, even I heard a lot about fake investments http://www.mymoneysouq.com/financial...investing-uae/ see this it has about forex scam also
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Old 08-08-2017, 06:48 AM
Mark100 Mark100 is offline
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Default Re: Never get addicted to forex trading

A lot of successful traders think that trading is a business and run it on business principles. So that they will never try to get excited in forex.Many beginners just want to make money in forex. For this reason, they will over trade. However, many experienced traders have been creating the forex trading plan and sticking the trading rules.

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Old 09-13-2017, 11:49 AM
Jeff51 Jeff51 is offline
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Default Re: Never get addicted to forex trading

I think that addiction is not such a bad thing, but only as long as you are making money Once you get on the losing wave your addiction could pretty much destroy you.
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