What to do if you make a first deposit on forex?
Hello. Today, this article focuses on not very pleasant things for any novice trader. Namely, we will talk about losses on Forex, in particular, we will consider the question: “What to do if the first deposit on Forex is made?”
In most cases, regardless of the desire of novice traders, the first forex deposit is usually merged. And at this very moment, the main thing is not to go the distance, to properly motivate yourself for further work, and training in the market. Many newcomers, after the first defeat, lose heart, and leave the market forever. Perhaps this is correct, since the market does not tolerate wimps, and even more so if it is a foreign exchange market.
But what happened, the deposit you lost. At this moment, you need to take a small break, say 2-3 weeks. And do not remember Forex at all. Go about your business, take your mind off the stress you got on the eve.
When your mind is already cold with anger, you can proceed to the analysis of the incident draining the deposit. First of all, you need to understand why this happened. Blame the market, or analysts in this situation is stupid, and does not carry any meaning. You must understand now that only you yourself are to blame for this loss of money, and no one else is to blame. Your second step is to analyze your trading. Namely, understand why there was a drain ... (not following the vehicle, not following the MM, not a correct analysis of the market, or your greed) ... there may be plenty of options ... but you have to understand why this happened.
After you get to the truth, you will remember this mistake for the rest of your trading life. Usually, the cause of the first failures is greed and non-compliance with its vehicle...
Further, after the plum error, you have been fully analyzed, it is the period of resumption of trade, taking into account the old jambs. The main thing is not to go to extremes ... i.e. borrow money from someone for a deposit, get into loans. You have to find yourself money, or earn it.
The most important thing is not to allow past mistakes, and constantly learn, practice ... In trading, the best teacher is time and constant practice...
Successes!!! Most importantly, do not lose your sense of humor ... and not take everything to heart.
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