TRADING FOREX WITHOUT A STOP-LOSS ORDER Why do you think they are called stop-loss orders? Because that is the point you want to stop losing.  There is no way to adequately communicate how important it is to pre-select, in advance, exactly where you will liquidate a losing trade if the market goes against you....

NOT KEEPING RECORDS OF YOUR TRADING Suppose you told me that you owned your own business but had absolutely no records of what your inventory was, what your average ticket sale was, how long your customer stays in your store, what the average wholesale price of your best selling items were, etc.?  People, me...

TRADING THE NEWS Traders who have made a lot of money and kept it will be the first to encourage you to not make this mistake; starting on your first trading day. Trading the news is one of the quickest ways to the poorhouse.  There are no professional traders working in any trading arena...

FAILING TO DO YOUR HOMEWORK Of all the mistakes that FOREX traders make this one is one of the most common. If you want to lose money quickly, make sure you ignore doing your homework.  When I say homework I mean get market knowledge.  People often make the mistake of thinking that all they...