10 Things, which you should avoid when Trading in the Forex Market. Mistakes, which are better not to make, when you trade Forex or Commodities like Gold or Silver or CFDs. If you have look on the mistakes, you can learn and improve your Trading performance. Increase the success of your Trading strategy by avoiding mistakes.

1. Learn from common mistakes to
improve your Trading!

2. Learn from the 10 most common
mistakes in Forex Trading, try to
understand and follow them.
… And your Trading will be more
successful!

3.  Your own emotions let you make the biggest
mistakes in Trading!!!
 Trading is against the human feelings- don`t
let feelings of attachments to your
investment take over you!!

4.  It might not feel comfortable to close a losing
trend, but if this the direction the trend will
go, DO IT!
 It is far better to close a losing trend now,
than losing even more..

5.  Trading without setting a level of Stop Loss,
can bring you in a situation to lose all your
money!
 Avoid unexpected losses by making use the
Stop-Loss tool.

6.  Trading without plan is trading without discipline
 Which means EMOTIONAL Trading
 Emotional Traders are VERY likely to lose
 Because Trading is about Risk Management -> with no
plan you are trading with 100% Risk

7. Don`t trade on a Day-Trading basis.
Focus on a longer perspective to benefit from
a trend. Successful traders make money from
longer term trends.

8. E.g. You may think, the Euro is overvalued…
Your sentiments might be wrong or only
partially correct.
You have to go with the trend… And not with
your ideas of the trends!

9.  The more complicated your system, the less chance
there is, that it will be profitable.
 The most important factor, when trading any market is
the price.
 Don`t overcomplicate Trading!!

10.  Stay always realistic to calculations
 On the Forex market you can make quick profits – but
you will not make 100.000$ from 100$ in one night.
 Like in every business, you need to be consistent and
have discipline

11.  Open only a few positions at the beginning
 Don`t open positions for multiple currencies at the
same time
 Don`t trade in two opposite directions
 Don`t TRADE ALL THE TIME

12.  Forex Trading is having a good Money Management
Strategy
 Don`t risk your entire capital on 1 trade
Keep yourself more opportunities!
Make extra money- don`t take money you need
elsewhere!!!

13.  Olo FX Trading
 Sign up for a FREE Demo Account
 www.olotrading.com
 www.olofx.com
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