3 Deadly Emotions That Can Kill Your Forex Trading Profits

deadly emotions

You can have a “sure-win” strategy but still lose if you neglect one thing — your trading psychology. Every day, Forex traders sabotage their profits as they get gripped by emotions, breaking their trading plan with irrational decisions.

The worst part? You may not even realise it.

Here I will be telling you 3 deadly emotions that can kill your Forex trading profits. If you’ve been losing money in the markets, you’ll find these scenes eerily familiar.

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8 Forex Risk Management Rules You Must Know to Protect Your Capital

Forex Risk Management Rules

No matter how good you are at Forex trading, there will be times when the market just doesn’t go in your favour.

In the event of a losing streak, you want to keep your losses small and maintain enough equity to stay in the game.

To protect your account from getting wiped out by a series of bad trades, you need to have solid Forex risk management.

Let me share with you some life-saving risk management rules I personally use.

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Advantages of Forex Trading over Stock Trading

advantages of forex trading

There are different trading instruments out there for those who want to trade. The growth of the internet has made it easier to recognise the advantages of Forex trading and trade from the comfort of your own home. This is why people have a hard time when choosing the right option.

Some common trading instruments are blue chips, Forex markets, and indices. It is a good idea to know more about a given area before they decide to focus all their resources on that area.

There are a number of factors that need to be considered before choosing one of the different options. The main difference between the two is the number of trading alternatives available. With Forex markets, you have a few options, but stocks provide you with thousands of different options.

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