logo |

News

    Home   >     Industry    >     Main body

    ​10 Don’ts When You Trading!

    Abstract:Every successful trader would better overcome 10 things.

      Successful forex transactions depend on logic, skills and mentality, the last among which stands out as being more important than the rest. Cool-headed traders are more likely to gain profits when compared to their thrill-seeking counterparts. For the sake of success, every trader would better overcome 10 following things:

      1. Impulsion

      Impulsive trading can be prevented in line with trading plans.

      2. Impatience

      Please be undistracted when waiting for a signal of entering the market.

       3. Indignation

      Please view results objectively as every transaction should not be carried out emotionally.

       4. Indeterminacy

      Potential random results of transient transactions must be accepted whereas long-term targets must be clear-cut.

       5. Indolence

      Please be well-prepared for the next opening after closing at the moment.

       6. Greed

      Risk management should be well-conducted during transactions while the idea of being an instant millionaire should be abandoned.

       7. Fear

      Confidence in trading systems can weaken the fear of failure.

       8. Ego trip

      It is profits that should be your goal instead of validating your decisions with trading results.

       9. Expectation

      Replace expectation with the stop-loss conduct rather than hope to enjoy a reversal.

       10. Pressure

      Stress can be alleviated by adjusting the risk exposure.

      Nervous and extremely egocentric traders who are gambler-like usually lose their shirts. Only can you make the best of an opportunity in the market when keeping your feet on the ground during the trading process.

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

    图片1.png

    Latest News

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.