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    Forex Trading Mindset

    Abstract:Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset.
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      There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.

      Most traders lose because they are:

      Over leveraged

      Under capitalized

      Can't handle the uncertainty

      Trade Fearfully

      Ignore trends

      Practice poor bankroll management and bad trade selection.

      Forex trading is high leveraged speculation.

      However, traders can trade with as little as $100 at many brokerage houses. What make currency trading attractive is that a trader can create as much or as little leverage on a position as they are comfortable with.

      The best way to learn forex trading is to open a demo account and learn the ropes.

      Long term success in forex is measured not by how much you make when you are right but rather how little you lose when you are wrong.

      If someone is promising you a guaranteed high return on currency trading my advice would be to run away as fast as humanly possible.

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    • 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
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