Forex Education | 5 Things to Consider Before trade

This time forex has grown into a currency trading world and nothing beats trading in any market. $ 4.5 trillion of world currencies have traded every day in the forex market. The more amount transacted currency strengthens Forex reputation as an opportunity to make a profit.

However, where there is a benefit there must be danger. Not any Forex company or those closest to notify you of trade and a good way. Therefore, many traders who just do not make a profit from the transaction, but instead got a great loss. And in this article will be reviewed five basic steps before you start a transaction.

Do not be fooled be the promotion and advertising tempting
Many forex brokers and advertising that said it could become a millionaire from forex. It actually is a big lie. Because when you plunge into the world of forex, none of them can survive. Those who are just learning to be a direct loss. If you cannot discipline, do not feel prepared and patient, then a chance of winning you will be close to when participating lottery.

Do not be greedy
Basically forex indeed provides great profit potential. But it cannot be used as a benchmark to be able to take at will. The risk of losing depth anticipated with how to comply with money management and establish risk management. Set risk limits that will be used. Do not expect to get great results and unrealistic because it would not be able to achieve today.

Read, Listen, and Learn
Forex also requires teaching and training. You must know what forex actually is and how it works on the market along with the components in it. Not just once or twice in studying the market. But it took continuously until the end of your life. Because the market is always dynamic, then learning will continue to occur. If you quit, then you will lose.

Do not use Large Lot
Many traders make transactions with the use of the lot that is not fair. Maximizing profit does not mean to enlarge the lot. Excessive use of lots that can cause depletion of margin that can be fatal. Divide into several small lots on every trade. Do not directly insert a large lot in a single transaction. If one of your big lot collapse, then your account immediately drifted.

Do not be arrogant
Some novice traders often have a great sense of self because they feel able to do transactions. Such attitudes would be able to psychologically disturb you as a trader. The true solution is grateful for what is done. If thankful profit and loss if being patient.