ForexSecret123 (12)

1
Easy Ways to Build Your Forex Trading Account
Powered by Theforexsecret.com
2
Content At a Glance

• Introduction
• 4 Ways to Build Forex Account

• Dont over leverage yourself
• STOP over-trading
• START taking profits
• Make a Forex trading plan

3
Introduction
Building a trading account is quite elusive
struggling to a beginning trader. The ironic part
of it is that most traders tend to make building
their accounts a lot harder than it needs to
be. The path will be easy if go through some
ways.
4
4 Ways to Build Forex Account

• Dont Over Leverage Yourself

Over-leveraging ones trading account, also known
as risking too much, is probably the single
biggest reason forex traders lose money in the
market.

• Understand a sound forex money management
  strategy
• Dont be over confident with early success
• Dont take risk with emotions that is not
  affordable

5
Contd

• Stop Over Trading

Why are you trading this particular setup? Ask
yourself this question before you enter into any
forex setup and you might just find yourself
committing another widespread emotional trading
error over-trading.

• It hinder your effort at consistently building
  your forex trading account.

6
Contd
Probably one of the biggest reasons why traders
over-trade is because they think they will
somehow build their trading accounts faster by
trading the market with a higher frequency.

• You should only trade if there is a sound
  logical reason
• -a very well defined pin bar
  setup
• -other price action setup

7
Contd

• START Taking Profit

Seasoned forex trader will probably admit to
having let many profitable trades turn sour on
them. The main culprit for this behavior is not
having a pre-defined forex exit strategy.

• Most traders attitude like figure out exit
  strategy after entering the trade
• -This emotional exit will
  generate you in losing money

8
Contd
The only way YOU can successfully TRADE the
market is by pre-defining all aspects of your
trading actions. Otherwise the MARKET will trade
YOU
9
Contd

• Make A Forex Trading Plan

Having an effective and tangible forex trading
plan is your primary defense against committing
emotional trading mistakes, think of it as the
glue that holds everything together

• Many traders simply ignore the fact that they
  know they should have a defined and tangible
  trading plan
• They think they will make someday

10
Contd

• This is simply not how successful forex traders
  build their trading accounts.
• A forex trading plan will keep you on the
  disciplined trading path and will help you learn
  from past mistakes.

An effective forex trading plan need not be super
in-depth or complicated, it might be as simple as
quick-guide or checklist of things that you look
for before entering and exiting a trade.
11

• For Any Query Please Visit
• Theforexsecret.com

12

• Thank You