Is it possible to disperse the hundred-dollar deposit to a few thousand for two or three months? To make an average 100 points a day – how is it really?

Questions of this kind appear in any forum once a week, and even more often. In response, it is distributed ridicules. And in vain. There is nothing wrong, humiliating that person is a novice: all of us were all novices, and the most successful of us started with these same issues.

It’s just different. Such an attitude – to enrich rapidly from scratch – means a deliberate focus on the impending loss.

What attracts speculation the newcomers? Besides the possibility of not going to the work, not to have a tyrant over-head and other things etc? I think I will not make a mistake if I say: simplicity and ease with which big money is earned. A look at the last trading day causes a sensation of a suitcase of dollars, for that it was enough just to click, and all the pivot points on the stock chart seem so obvious that it was simply impossible not to anticipate them in advance…

You understand very quickly how this simplicity is deceptive…

Some people are lucky at first. They win easily a few deals in a row, as they think; they are fascinated by this “simplicity” and rest assured that to turn hundred-dollar deposit in $ 10,000 – is a matter of months. Believe me, this mental attitude – is a guarantee of defeat. This is not the case when the poor soldier who does not want to be a general. In all cases that I know the luck in the first stage ended the same: all his winnings, and along with the deposit, was spent by the rookie maximum in a few weeks.

If everything that is said above – it’s about you, if you have not outlived your dreams of thousands of annual interest, then let me give you some tips and along the way list the “rakes”, which I once stepped.

1) Work on a demo account seriously at least a couple of months. “Seriously” means: refer to the virtual money as you would treat the real one. For example: Friends call you at the party, and you want to go, but you are waiting for the trade signal. You think this is virtual transaction and may be stopped. … NO, give up the party! It is very difficult, but it brings up excellently a trader discipline. Set punishment for virtual losses for yourself (clean landing on the floor, do not smoke for 3 days, etc.).

If the trading results will be disastrous, I highly recommend the following exercise. Set a goal to spend the deposit. You will be surprised to see that trade is climbing hard in the profits – if someone on the other end is reading your thoughts and your luck deploys price. Try to understand why this is happening. (Hint: 1) it is necessary to hold the position for a long time and b) do not hang around at the monitor as a football fan, bouncing on the chair at every movement of prices, and turn off the computer and rest easy until the checkout time. However, before you can afford not to follow the movements of the rate, it is still recommended to follow it from morning till night for many days: we must study the “habit” of currency, to learn to feel it.)

As in every other niche of our life foreign exchange market needs some knowledge.

Of course, you can start forex investment and be quite successful about it. However sooner or later the losses will come. It is precisely when you might think “Why did I fail to start with a good forex trading education?”

This does not imply that after reading even the top materials you will start making money, but this knowledge will save you from many traps. And even if you make up your mind to get the help of a managed forex account service, still you will make a much wiser decision.

And a final piece of advice – today the online technologies give you a truly unique chance to choose exactly what you need for the best price on the market. Funny, but most of the people don’t use this chance. In real life it means that you should use all the tools of today to get the info that you need.

Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and join the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a wise and nicely balanced decision.

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