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What common pitfalls of investing should I be especially aware of before opening a Forex account with you?

April 26, 2017account common especially forex Investing opening pitfalls

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Posted

What common pitfalls of investing should I be especially aware of before opening a Forex account with you?

2 Answers

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alicia karley Posted

Forex account may be risky this is not suitable for everyone. In Forex trading there is always risk of loss. In Forex affiliate program you have to be aware of certain things before opening a Forex account: –
1. Do not be emotional on trading, keep calm.
2. It would be wise not invest at all.
3. Have an investment plan and stick with it.
4. In a Forex trading you cannot get rich quickly so just avoid get rich quick mentality.
5. Trading without a strategy.
6. No money management.

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Posted

Forex accounts are not suitable for everyone in spite of their potentially attractive returns! Risk of loss is ever present. Therefore, unless you are confident it’s appropriate for you, it would be wise not to invest at all. Have an investment plan and stick with it. Investors who prematurely close accounts out of panic and fear when they have encountered a period of flat returns or drawdown, will inevitably experience losses. Patience and perseverance is required to ‘weather the storm’. Forex managed accounts should not be looked upon as quick fixes to an ailing portfolio, but as a long term portfolio component designed to help balance overall risk while adding diversification.