" YES YES " to the wonderful country of forex

Many novice traders embark on the forex market without realizing that the currency market is not an easy money game and there is more to lose than win when you have no training trading .


I often see people who contact me and already have an account real . But when I talk about stoploss or technical indicators , they feel that I have March or discover another planet.

In addition, most of these people are left tempted by advertising a forex broker which is not at all adapted to their capital and plucking leaves quickly and safely due to the high leverage.


Often it seems that people are really naive. The worst is the one who managed to win on a platform demo and think it will happen again real . We tried to explain that the real and completely different from the demo mode, but it is so out of it that we go for a killjoy .


Obviously , people love to dream and also some commercial brokers are able to say anything to a large naive comes to open an account with them . Then come and tell them that their dream may be terminated quickly because they will not be able to survive or that they simply do not have sufficient means to intellectual earn money , the message will not be heard or too later .


Conversely and to my amazement , I see people who contact me and take their responsibilities. They need a board to understand how it works and especially to have a language of truth to realize if it's worth the plunge .


With these people I enjoy talking and if my offer suits them then we go for training on forex.

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No training forex = I lose all my money

Many people send me emails asking me for information on training I offer and when I tell them that I mentioned that this is limited, so I do not have an answer .... But finally, I prefer it because only motivated people choose to pay .
At the moment , it does not surprise me as far or advertisements of some brokers offer free forex training on with the key , the promise to transform naive in 1000 euros 5000 euros.
But what training ? In height and not much people who do not really have any idea of what trading. These are just a commercial explaining the procedure to use the platform and place an order . But when asked their advice on the increase or decrease while there, it is better to run away than to follow their advice. Otherwise, it is assured bankruptcy ...
To illustrate this here is an excerpt from a post to a beginner who has lost all confidence after a trade .
If you want to avoid this, then find me here .
********
" Hello everyone ! Mine is Fabrice ! I am completely new to forex and it's already happened to me something serious .
I am registered on XXXX and immediately you call someone that is apparently normal and so I placed $ 5,000 bonus for a small trader and start with the bonus to gain confidence .
So then we connect you with a trader EXPERT is supposed to help you at first, introduce the platform and everything, so everything was presented so it made ​​me open a position to start on his advice I ' I do exactly what he told me , so I lost everything. So this is very serious I have nothing to trade and also losing my 1 year savings in 2 hours.
the coup and although I would caution you with this site which is described with a knowledgeable customer support !
And suddenly I completely lost confidence I want to team up with someone more reliable to start trading and share your comments whether this happened to you ? ?
Hi ! Not on the gold! he told me that it was on the gold that made ​​the highest profits! but it is the same ! it went down !
yes he told me the platform but after he told me open a position 500 on gold, and so once open but I told him it's dangerous with my account, he told me but you will see since midnight it goes , it must continue to go up and go in your direction !
he told me as soon as you profit you close but I could not because I reached the stop without having profit !
It's anything even myself I would have known better manage riskI wanted to trust him because it's his job and voila! "

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After EDF and many apprentices traders routed

What do I do for a beginner to understand things ? I put bigger red and the basic rules of forex ? Like this?


1) Always wear stoploss when one takes a trade

2) Never U.S. statistics

I am quite readable ?

I feel that people do not read what I write or do not want to understand . Examples ;
Today , three people contact me after you open an account with the broker that X does a lot of advertising claiming that people can earn at least 10% per month by trading forex ....

Already , every experienced trader knows that keeping such a rate of gain is impossible. To give you an idea of hedge fund specialized in forex realize 3/4/6 % per month and they are very happy. So a beginner to 10% ....

Then, this broker offers forex training on advertising. People who have contacted me , never received anything . By cons , they were given some advice by telephone, such as " it is not necessary to put stoploss " ....

Yes you read that right .... But stoploss are a foundation of trading. It's like the brake of a car. You be driving a car without brakes?

So what happens to these unfortunate it ?

A beginner girl on forex , returns on long usdchf in to 0.9800 before the announcement on interest rates from the Fed on Wednesday night. Its implementation is 10 euros pips , of course it has no stoploss ( she does not know what it is and she has no idea how to put them , since in any case we do not explain it ) .

Result , she called me for help when usdchf is 0.9680 and wonder , "When is that going back ....? " What can I say? The trend is down , it will continue to fall , you have to cut your position ... etc ... ?

At this point , it loses 120 pips , be 1200 euros ... Imagine the stress, again, it still has no stoploss and not want to lose his money because she still believes that going back (should well cheer up, as can be ) ... But tonight, Friday the usdchf is 0.9620 after the lowest of 0.9580 ....

Another example

A beginner, tells me nearly the same misfortune . He returned to short the euro before the Fed at 1.40 . There is no stoploss and 4290 euro rises on the highest , panic . Fortunately for him the euro goes down . But he asked me my opinion and I replied that it would be more urgent to stop the bleeding , prefer to cut an arm rather than lose everything.

I do not like giving that kind of advice because he has cut his asking 1.42 on Friday evening and the euro is 4030 and thus ultimately in the meantime, he could lose only 30 pips. But I was honest with him because if the euro continue its rise was how could he lose?

Finally, this week many people have lost money for nothing, just a story of stoploss .......

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