Education Archives - TradeLikeAnExpert

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Forex Trading Risk – How to Think About Money

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I'm sure by now that you've all heard the statement in relation to Forex trading risk: 'Only trade with the funds that you can afford to lose.'

I can tell you the first time I heard that statement. It was like my inner self said 'Yep, sure thing boss. No problem, only trade what you can afford to lose.' Hence I placed absolutely no thought to Forex trading risk.

Managing Forex trading risk makes perfect sense right? But the funny thing is, I immediately forgot that lesson the moment I started trading.

It is vital to pay attention to this as part of a traders education. Read on to understand why, and how you can avoid this especially relevant Forex trading risk mistake.

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Forex Trading is Easy

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The following is a fact. Most new traders come to trading with an expectation of making massive returns in a short period of time.

Everywhere you look, trading sites and forums make claims of massive, almost instantaneous, easy money returns. This is just not true.

Let's face facts, if it was that easy, everyone would be doing it! And if everyone was making huge gains, then the brokers and market makers would be out of business pretty quickly.

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