INTRODUCING!!! “Forex Megadroid™ Indisputably Proves A Robot Can Trade With 95.82% Accuracy In EVERY SINGLE Market Condition And At Least Quadruple Every Single Dollar YOU Deposit”

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2009-10: 3,134.88%
(706 days)
2008: 623.84%
2007: 612.91%
2006: 333.05%
2005: 810.70%
2004: 677.67%

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Handling a string of forex trading losses

Nobody likes to lose and unfortunately no one has the ability of foresight, thats why losses are an unavoidable part of forex trading. When you enter a trade you will either be right, or wrong, and even if we broke even we'd still be classed as being wrong - a trader did not enter into a trade just to break-even or lose!! unsuccessful forex traders encounters a chain of losses when they begin to engage in a so caled self-destructive patterns that help them escape the pain they are experiencing.

We will list all self-destructive actions that can help you realize what you are doing before it takes hold of your physical health. If you find yourself already engaged in these patterns it is best to help your self to get you back on track as quickly as possible.

The Destructive Patterns that may affect you in Trading Forex.
Eating too much Food especially junk foods like chocolate, ice-cream or chips.
bad Sex habits this includes viewing pornography
Too much Alcohol drinking.
Drugs this also includes excessive smoking
Laziness (find it difficult to wake up in the morning)?

If you find yourself caught in a string of losses or a bad performing trading performance then be sure to monitor your behavior as this will affect your trading performance and decisions. and you will be at your most vulnerable. Ask yourself the following question: during during drawdown periods do I find myself over-indulging in these activities. Always remember and make sure to keep an eye on yourself and as always take care of your body, because there's no use in making all the money in the world when you don't have the physical capacity to enjoy what you are making.

Back Test your forex system and questions you need to answer before you do it.

Many forex traders lose money within the first months of doing forex trading, i have writen this article to help and guide new forex traders by asking questions to them self before the forex trader needs to know before he or she will be back-testing their forex system.

these are the most basic question that a forex trader should ask to his self.

What kind of data type are you using when trading forex?

bid, ask, mid and indicative, these are the different data types in the forex market you can have up to 4 different data types but Each have their own little light degree of difference.

it is also important to know the indicative prices, remember that you need to be careful on how stop and limit orders are placed.

another question is, What spread does your broker offers on the currencies you are bask testing?

this is very important and you need to know this as this can help you set the slippage settings on each currency.

take note that knowing at what price to buy is only half of the traders problem. a trader should know how and what quantity to buy? In this case a trader should also know

What margin does your broker offer?

If a traders knows what price to buy on our currency and inform our broker on what quantity to buy to fill the order. traders only know what quantity to buy by the margin that the brokerage firm offers.

Most brokerage firm offer the 100:1 leverage, however, some other firms offer mini accounts with 200:1 leverage, and some others only 50:1 leverage.

Traders should need to find out the margin required.

What restrictions does your broker firm obtrude?

what a trader needs to find out are the details and resriction of the broker firm obtrude.

This is probably the most important question for a trader to ask himself, traders success and failure can be found in the details.

The brokers firm restrictions are only half your systems success, as a trader you also need to find out about another more important restriction.

What traders restrictions do you have?

Most traders test their systems and fall in love with the results but find out when they trade their system and they have lost their account and that most of the best signals occurred in trading is while traders were sound asleep.

The forex market is a 24 hour market, and a trader need to put restrictions in your system.
it is important as a forex trader that you are aware of these important things before testing your forex system.

how to find a forex broker

FOREX is becoming ever more popular, the number of Forex brokers is growing rapidly. Things to consider when deciding which FOREX broker to open an account with,

Important Points to consider.



Trading Platform



Finally, before opening an account do a little homework and find out about the company. Forex brokers are regulated, but that doesn't mean they all have equal backing. If the market collapses, you want to know that they've got the reserves to cope with it and will still be around when you decide to withdraw your cash. If a broker is elusive when it comes to questions about their parentage and financial backing, then steer clear.

In Conclusion

Choosing a forex broker isn't difficult, but don't rush the decision. Check out a few, and always get a demo account first to make sure you're happy with the way everything works before sending off your opening balance.