Those who own these kind of groups are always found it to get more money that they would reinvest in any profitable scheme that they want too.
How to avoid countless losses via forex trading
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- Thread starter
- #162
Yes, that's the essence of the group, to fund enough money and invest as a group to earn big profit then circulate it among the contributors and make gain. Why some are simply using for fraudulent ways.
Seriously, believe me when I tell you that most of such groups are scammers. Did you get to hear about Tradera group? They promised the same thing with forex trading
and they still ended up as scammers.
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It is good for them as the spent so much time in learning, so it is not good for them to not benefit anything from the knowledge they possess.
The best way to avoid countless loses to forex trading is to get trained to acquired more knowledge concerning the trade. Forex is a very complicated business,myou must have good experience for you not to record loses.
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- #166
Yes, it is never good for them to spend much money learning as a group, and not making money from it after investment. When their is success, all who participated should earn from it.
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There are many rules to follow to avoid losses in forex trading like don't trade when you're emotional, due your home work very meaning make sure you analyzed the direction of the market well, find a broker with good reputation and above all find a mentor that will guide you otherwise you will loss.
I believe that in any kind of business ventures, there are dos and don'ts in that set up which is why when it comes to forex trading you should try as much as you can to follow the rules and stay away from the don'ts in order to avoid losses.
So many people do not like to get a mentor and this is making them to lose out and they fail to not get the need to get a mentor yet.
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There are people who are experts in is forex trading and sometimes help in giving predictions which they call signals, individuals can pay to get the signals and get a hint on how to invest properly
This is a good way but it is only persons that are conversant with forex trading that can be able to read and understand the trading signals release. It is also not advisable to give one to trade for you
These individuals who are experts usually do not give these signals for free so interested persons must bear in mind that they would pay a fee.
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Let me break it to you that so many people that are looking for mentor can not actually be able to find a mentor that will teach them how to trade on forex successfully because I actually had an experience as well.
Why do you think it is difficult to get a mentor who would be willing to teach them what they want to know about forex trading.
there are several people who ventured into forex trading without having the right knowledge and understanding of how it works and this set of people are losing a lot.
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A key thing needed for forex trading is patience and contentment - when you're not sure of the market or what you're know, never trade the market, no matter how tempting it is.
Be content, even if the market is as profitable as ever; once you've hit your daily target, exit the market. You need a great sense of discipline in this area, I tell you
Be content, even if the market is as profitable as ever; once you've hit your daily target, exit the market. You need a great sense of discipline in this area, I tell you
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- #178
Yes, when one isn't contented and patient enough when it concerns forex trading losses follows.
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One of the biggest problems people face is greed. I don't trade but trading is what I plan on going into next because that is one of the three ways of income I have planned for myself, I have a friend that whenever he trades and makes huge losses he just leaves his phone and takes at least minimum of three days break not because he is scared but because he wants to come down.
Anyone who wants to be successful in forex trading must have a very good strategy and of course discipline. It's also good to avoid emotions.
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