How to Avoid Making Major Forex Mistakes
One of the biggest downfalls of the Forex trader is emotion. When you don’t know how to handle emotions, you to make bad decisions that could blow your account. The reason is simple; We take hasty and irrational decisions when we are angry, depressed or greedy.
Allowing your emotions to affect your actions will set you back in your Forex trading. In The Ultimate Guide to Forex Profits, (get it for $7 here) we talk about the importance of setting a trading strategy and sticking to it - NO MATTER WHAT.
This is harder than it sounds. Just imagine you define your trading technique, and for days, all you see are losses. Are you telling me your emotions wouldn't get stirred up?
Alternatively, if you are seeing constant profits, would you not be swayed by greed to trade more money? This does not make you a bad trader, this makes you human. For this reason exactly, it is a smart tactic to remove the human factor from your trading. The way to do this is to automate your transactions.
And the good news is that The Piptionary Club just launched an auto trading service to help you avoid making emotional mistakes and get profits automatically. The Piptionary Club traders perform technical analysis and decide when to open or close trades. And when you sign up for our auto copy service, you'll get these same well informed trading actions copied to your account in 50 milliseconds!
Our primary concern is to keep you on the winning side. Unlike Forex brokers, who occasionally profit from your loss, The Piptionary Club works for you and not against you.
Another reason to use the Piptionary Club auto trading service is you can trade 24 hours a day, even when you are not near your computer. Imagine, you can be at a friend’s party and find out that you just made a huge profit! It’s kind of like the feeling you get when you find money in your pocket - multiplied by 100.
Let the Piptionary Club traders do all the work while you sit back and enjoy the fruit.
The Piptionary Club auto trade service can be a great trading tool for any Forex trader - no matter how experienced they are. However, our auto trade service offers the biggest advantage to new traders:
- You don't need to know the market
- You don't need to know how to read the charts
- You don't need to know what a certain currency will do in the market today
Essentially, you don't need to know anything about the Forex market, and you can become a very successful Forex trader. And the Piptionary Club traders have a proven track record. Check out our year-to-date results on MyFXBook:
Our traders have produced an 80% gain in the last six months with an average monthly gain of 12%. But we only have 100 spots available for this service. Once it fills up, you'll be placed on a waiting list and get in only if someone else decides to cancel.