Ultimate Forex Review

Dear Readers ! Today, here’s a little article I wrote this morning about how to trade safely (big challenge). I’ve written those advices by thinking of all the mistakes I’ve done when I was starting to trade the forex… I was like becoming irritated, nervous and angry ! So if you want to keep your wife by not being stressed out like an insane person, please read my 4 Tips On How To Trade Safely !

As a trader, I can tell you that forex trading can be one of the most stressful thing ! When i first started trading on the currency market I had some of my biggest frights ! And as “regular forex” blogger, I must advise the beginners on how to avoid stress and give them tips about trading psychology.

-The first point is being prepared. Indeed,you must be prepared to win money as you must be prepared to lose money. When I started, I wasn’t prepared for both of those things. I completely lost the value of money ! That’s one of the biggest danger and I experienced it… What you have to do is remember the real value of money. Besides, you need to be prepared to lose money because you will lose money ! You can’t win without losing… Be prepared to see beautiful amounts of money disappear and don’t overreact ! You lose this time, you’ll win next time.

-Before starting any trading session, you need to relax, grab a cup of coffee and stop thinking about what you’re going to do… Why ? Because the forex market as the power to “overcome” you… I mean that you don’t have to think about currency trading 24 hours a day and 7 days per week. You must have the power to say stop and then go out with your family or your friends, your dog or whatever !!

-Here, one of the most important point. If you don’t follow this advice, you will fail for sure… You must not monitor your trades all the day long ! When you set up a trade, you put a take profit point and a stop loss point, then you go ! You close your damn MT4 Platform and you think of something else ! Monitoring trades all the day long is the biggest risk in the forex market. Why ? Simply because each time you’re going to see a trade going down, your reflex, as a beginner, will be to cut it down without even waiting. Because maybe if you’d have waited the trade would have been a profitable one…

-Last but not least, don’t trade all the day long !! Set up a maximum number of trades per day. For example, confine yourself to 2 trades per day. No matter if they are profitable or if you lose money, only trade twice a day ! Because if you don’t have a plan, every time you’re going to have a losing trade, you will say “oh, damn, a losing trade ! The next one is going to be a profitable one…” and then you trade again and again and again and you become tired and your account hit the $0 bottom line !

My final advice is : follow the precedent advices ! Set up a trading plan and make those tips your rules ! If you don’t follow them, you will not succeed.. I’ve already experienced the feelings that encourage you not to follow the tips above and each time it results by a loss of money !

Trade Safely and see you next time ! 
Samuel.