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Forex question Mistakes to avoid in trading
avatar justinjones
Question by: JustinJones - 05 Aug 2016, 23:19:57
Mistakes to avoid in trading
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Answers (2)
avatar user 10351
Answer by: Phoebe - 05 Aug 2016, 23:23:31

. I always recommend new traders actually trade real money but as small a lot size as they can get. Even though its not a lot of money it will still trigger those emotions that just aren't there in demo trading. The losses won't kill their bankroll but they realize quickly how important money management is. A demo account should only be used for learning the software so you don't make a fat finger mistake with your real account.

avatar user 10356
Answer by: Mackoy - 08 Aug 2016, 08:16:44

You should not place an order if the market is expecting big event coz it is very risky. Do not compromise your account with the so-called market noise. It only leads you to heavy losses. If you are not decided, wait for the right time when to open and place an order.

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