Once you have funded your account, the most important thing to remember is your money is at risk. Therefore, your money should not be needed for regular living expenses. Think of your trading money like vacation money. Once the vacation is over, your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.
Choosing the right broker is half the battle. Take your time to check reviews and recommendations. Make sure the broker you choose is trustworthy, and suits your individual trading personality. Remember, there are lots of fake brokers out there who will only stand in your way. Go for an authorised broker with a licence. No list of currency trading tips is complete if it doesn’t mention strategies. One of the most common mistakes beginner traders make is not creating an action plan. Figure out what you want to get out of trading. Having a clear end goal in mind will help with your trading discipline.
The Forex Analyzer is a forex analysis tool that functions as an indicator and also a trading robot. It has 25 technical indicators, 10 candlestick patterns and memory management. It is fully customizable and best suited for an expert trader who understands the charts and technical analysis. Forex Analyzer automatically analyzes the MT4 charts using technical indicators and price action patterns. When it finds a trading opportunity, it can either place the trades or alerts the trader depending on the user settings. The Forex Analyzer can be customized to function as an indicator that alerts the trader by email, sms and pop up window. The trader can then place the trades or wait for another signal according to his trading style. It can as well be set to automatically place the trades for the trader. It works on all currency pairs and on all timeframes. The price is $97 and it is designed for the MT4 trading platform.
The Forex Analyzer seems to be an interesting system that serves as an indicator and a forex robot. But, the major question is this: Can the Forex Analyzer be trusted? Extra info at Free FOREX robot download
The Forex Equinox wealth creation system comes in a pack of four training DVDs, trading handbook, exclusive member area, support, bonuses and Equinox trading dashboard, all for an one-time fee of $997. Russ Horn says that the actual package is worth $7,000 but he is giving it out at a discounted price of $997 with a 60- day money back guarantee. Forex Equinox is actually a manual trading system but with the Equinox autopilot dashboard, it can become an automatic alert system that monitors the system and tells the forex trader when it is time to trade.
The begging question are as follows: are these claims true? Can the Forex Equinox be trusted to make one a millionaire? A video to better understand FOREXT robots : https://youtu.be/pWaaySADzqk
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