The temptation as a forex trader is to see leverage and automatically equate that to pound signs. Your instincts take over and you start to invest your capital left, right and centre, all in heavily leveraged positions that could make you thousands. Not only do issues of overleveraging arise, but overtrading becomes a concern as traders take more positions and load even more pressure onto their capital resources.The mindset is simple. Get in as many different positions as you can and reap the rewards when everything goes well.
You may have to registerbefore you can post: click the register link above to proceed. To start viewing messages,select the forum that you want to visit from the selection below. Hello Funyoo,The modifications you did on this ea are wonderful. This leads to overtrading - opening and closing too many trades in a short time. Typically, overtrading brings about the overtrade forex of a winning streak and the beginning of a series best forex trading platform 2010 malibu losses.
Euphoria may, in principle, be a nice emotion to experience, but it is not good in forex trading. Do your best to trade as unemotionally as possible. Sure enough, overtrading can be the result of mere boredom. For example, you are sitting in front of the screen, looking at the chart of the currency pair of your liking. Pipsychology was created to help minimize this from happening to you.
The most overtrade forex action that you can overtrade forex to improve trading profits is to work on yourself. My goal is to share practical advice to improve your forex psychology without boring you to death. It is bad for all kinds of traders and even investors. But it is truly a cardinal sin for day traders.I know this day trader called Hubris. He has always been a profitable trader, or so he claims. In fact, most traders who are not making money consistently in the markets are over-trading, whether they realize it or not.
This is a very easy way to start over-trading. Traders who have no.