How do online Forex traders lose?

[ithatheekret]

60 minutes , crikey I've just scalped Skippy in less than 60 seconds , made up more than I lost on gold the other night . Okay I held the Euro longer .......... say 5 minutes . In the current enviroment I'd like to see a tight stop last 60 minutes .................. They'll both get re-runs .

Floors , ceilings , shelves (res & supports) , that's what's important anything in between is no-mans land and fair game . Looking for signs along the way to weed out a pattern helps , higher lows or lower highs etc. and the magic trend changes . The best thing I first recall learning is there's no such thing as a triple bottom , if you get one it's either a fluke or a set up .

 

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In FOREX trading, there are six most significant reasons traders lose money. If you can keep away from these pitfalls then you can join the minority of winners that mound up the big earnings time after time. Here are the trading traps that will cause you to lose funds.
The Contrarian’s Disease, The Chartists Trap, Ego, Guru Syndrome, Chasing your Tail, Using Options Incorrectly..