1. Beware of automated trading in Forex: I'm not saying that these programs do not yield results, but I say that the vast majority of them do not yield good results, which yield such results be the result of careful considerations and insight by people who use them. So, if you know how to manage settings for automated trading in Forex and its programs, and in niche markets to him, you will have the potential for profit is very good and will help you not to fall into the traps of various Forex.
Automated trading in Forex is very similar to transform the leadership of the plane to autopilot, it is a great idea, to grow up a fire in one engine, in that case, it requires pilots skillful landing the plane safely, and will require a market trader skillful to manage and overcome the market conditions volatile, which could occur during the robot (machine) trading. Remember that automated trading in Forex is one of the worst traps in the Forex and can destroy your account exactly like a human being.
"The first rule of any technology used in business is that automation applied to the efficient operations will inflation efficiency. The second rule is that automation applied to the efficient operations of others you will not inflate efficiency" Bill Gates.
2. Be wary of the deliberative and the capacity margin call in Forex: Forex trading is considered one of the most types of trading with deliberative capacities in the financial markets. But with this you need to know very well that this trading is one of the most important fisheries in Forex, and while this, of course, is good for people who conduct trading operations well and are making profits from trading smart, this is the trading nightmare for people who carrying out a losing trade, especially without good management of risk.
For people who do not understand the deliberative capacity in Forex, it is simple. Provide the majority of sites the ability of the system by a deliberative and 100:1 is you can control the $ 100 for every dollar you deposit, or $ 10,000 for every 100 $, and so on. This means that any transaction you back usually profit margin of 1%, now you back profit margin of 100% or 100% loss.
Therefore you must beware of the amount of capacity available in the deliberative your account, and put your stop loss points so as not to risk more than 2-5% of the value of your account in any transaction, and make sure that the money that risk is in fact the capital, in other words, You can lose money, and what is not provided throughout your life savings or allocated for the education of your children.
3. Beware of excessive trading: see novice traders in Forex trading in each place, and see the height indicators on the screen and say that it's trading at the time, but this is a trap in Forex possible to cost you a lot of losses. Where the excess is a trading easiest ways to destroy the account and the loss of all your credit in Forex. There are a lot of false movements in financial markets that could Tadmrk that were not careful.
What do you do?!
Consider trading in the Forex as a trap or dig a trap for the price to act a certain way. Place followed by a strict system and provided the necessary discipline yourself to follow through when the trading prices in the areas that you want.
That you traded in each time you see the signs on a smaller pattern, you will lose money again and again, and will have made up the idea that Forex is a difficult game. Avoid exposing yourself to such a thing.
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