Remember the last position you opened at the end of last month? Remember the number of times you lost money for the same reason? When and why? We all have a limited memory, so you are likely to have answered the last three questions in the negative. This journal will help you avoid making the same mistakes. From the Giga FX Broker you can have the best guidance now.
Trading Hours – One of the key features of the forex market is that it is open 24 hours, and offers continuous trading from Sunday night to Friday night. One of the advantages is that you can operate anytime and anywhere. However, it can be dangerous if you are not disciplined and constant enough when choosing your trading hours.
Capital management – We can say that monetary management is the main factor and what will truly set it apart from the application of your trading strategy. So you can have a more or less regular methodology and convert it, thanks to fantastic risk management, into a profitable trading plan.
False expectations – One of the main problems traders face in the first months of life is false expectations about the return on investment that can be achieved. It’s easy to see misleading Internet advertising, astronomical contest returns, or any comment in a forum about instant millionaires. It is therefore important to know that while it is possible to have these returns is unusual.
Controlling Emotions – One of the essential things that novice investors often overlook is knowing how to control emotions. At first your concerns focus on buying or selling, whether you lose or gain, and you leave aside the most important, and that is linked to your personality.
Professional Market – In a relatively short time and thanks to new technologies, which we can use to easily access and operate in the financial and professional markets, it is possible to invest your own money. Now only 100 € to start investing!
Personal Habits – The trading profession is usually accompanied by bad lifestyle habits. As no one ignores, it is easy to spend hours in front of the PC, which causes a sedentary life.
Intraday Trading / Long Term Trading – Once you have decided to start trading currencies, it is important to be clear about your favorite mode.