Forex Education

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Forex Education

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Forex Education

  1. 1. Forex Education Identifying the 4 Human Weaknesses
  2. 2. Weakness #1 Greed <ul><li>Greed causes poor traders to increase the size of their trading positions the moment they’re “in the money” (in a winning trade). This often results in these traders having the largest position size trade just before the market turns in the opposite direction. As a result, this causes them to suffer large losses. </li></ul>
  3. 3. Weakness #2 Fear <ul><li>Fear makes people avoid entering into good trades because they don’t know what they’re doing. Heard of the phrase “buy low, sell high”? Unfortunately, many traders think that this is true. The profitable traders however, know that a more accurate phrase would be: “buy high, sell higher”. </li></ul><ul><li>Fear is often the result of not knowing what one is doing. If you have a proper, reliable trading system, fear shouldn’t be in your trading vocabulary. </li></ul>
  4. 4. Weakness #3 Impatience <ul><li>The opposite of fear, impatience leads people to enter into trades when there are no clear trading signals. Needless to say, most of these impatient trades usually turn out to be unprofitable. </li></ul>
  5. 5. Weakness #4 Pride <ul><li>This is very possibly the worst trading weakness of all! Pride makes a trader hold on to losing positions with the false hope that the position will turn around in his favour. Winning traders are humble, and aren’t afraid to admit that they’ve made a mistake when they lose money. After all, no one can be right all the time! </li></ul><ul><li>Unfortunately, many losing traders refuse to admit that they’re wrong, and often lose money to pay for their pride. </li></ul>
  6. 6. Learn more… <ul><li>Click here to the full 26-page report …free! </li></ul>

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