So you are a full time forex trader ?? = you got no life ..
Sorry to be blunt and rude, but I have to tell you that there are great solutions that can automate online Forex trading and allows you to do something else, like buying your wife flowers, or giving your daughter a kiss she describes.
Studies shows that 90% of even the most experienced Forex traders lose all their money because of:
You want to get rich overnight, you do not close trade, wanting it to reach more points and gain more money. You buy more lots than you can afford.
greed = disaster
Never ever trades with feelings or emotions, NEVER trades like a fortune teller, foretelling that you are going to close in USD5000, – if you waited an hour more, because you "feel" it coming.
3.Not having rules
THIS IS BIG! the word here is discipline, always set a rule that is profitable.
Always make a smart rule like fix stop loss, fix lot, exit strategy and stick to it.
4.Always believing the news
You have to repeat after me: "News are created so that you have to agree according to their plan."
The trick here is to be educated by reading the news and looking for information on how the event will affect the treaties, and not trying to find articles written to tell you their prediction on how low or high the currency pairs will go.
5.FATIGUE / TIRED
You are not Robocop, superman or God, your eyes will be weary, your stomach will grumble for pizzas, burgers or whatever a dieter will call "sins", and you will have to go to the loo .. (even virtual pets do? )
At one point in your successful trading adventure, you will make a mistake because you are just HUMAN ..
Thank God (or whoever when you are an atheist) that there is a solution!
You can use automated "robots" such as the award winning expert advisers that is called bogie-nn-v8 to trade for you.
These robots if programmed well, will analyze trends, take profitable order and follow a set of good trading rules.
Ever play a game of chess against computer and WIN? Like chess robots, a good EA like bogie-nn-v8 will trade with no emotions, no breaks, not knowing greed not reading news, and following a strict rules!
And what is more is that this particular expert advisor with the name bogie-nn-v8 has won a reputable second place in the world automated trading championship, sending all doubters home.
Read more about bogie-nn-v8 here: