Unarmed Fighting Techniques of the Samurai

This is a very important step to take before you begin trading with real money. First choice you must make is whether to go with an ECN broker who does not interfere with your trades or to go with a non-ECN broker who do have the ability to interfere with your trades. The main advantage of using an ECN is that they will not manipulate your trades. Not all non-ECN brokers do manipulate your trades but they do have the potential to cause slippage, execution problems and to change the spread to suite them. However non-ECN brokers require smaller initial deposits and offer higher leverage. If you are looking to purchase a Forex Robot it should clearly state whether it is broker dependant and advise you on suitable brokers.

Trading can be a stressful job if you let it be. Overtrading is a cause of this stress. Every day a trader should have a plan that includes entries, exits and the daily profit/loss target. The trader should stick to this plan and avoid the pain overtrading can cause. Using a Forex Robot eliminates this problem.There is lots of information related to trading Forex available online. It is important to be careful what information you decide to believe and follow as there is alto of contradicting advice. It is better to make your own judgements. This is especially the case with Forex Robots as many traders use them incorrectly and then give them unfair bad reviews. Some intentionally give them bad reviews to steer others away from being profitable with them.95% of traders fail because they don’t have a plan. Know when to enter and exit a trade. Know when to quit trading for the day.Do not trade with money that is needed for rent, for your family, for debts, etc. Trade with what you can afford to lose, but don’t expect to lose it as a negative attitude is not good for a trader.

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