Forex risk what you don’t know anyway
Forex risk what you don’t know anyway or never think about it. Forex risk is a vital point by anything.In financial world it is tell you can consider your Forex risk which is mention portfolio risk before making profit. So it is most important for you to know about Forex risk.
Where is the risk?
The first risk is you are newbie, do not have much knowledge. You can be easily fooled and trapped with seemingly attractive offers. Second is, all risks here lie hidden to you as you are newbie.
Of course you need to dive deep. You must not forget that it is your business, so is broker’s. You want to gain, so does the broker. You gain when broker fails, broker gains when you fail. It is just like winning the princess fighting out all your rival princes. The princess only garlands the prince who wins. So both of you must have own strategies to win over another and must also know the strong and weak points of each other well. Your common human feeling of ‘I want to gain more’ is the first enemy within you. Check the feeling in you.
You must remember 95% fails here. So the logic is, if you want to have sure gains start brokerage, not be a trader here. To be successful here as a trader you must write your name in 5%. Broker knows your weak points well. But, do you know your rival well?
What should I do to avoid risk?
Check your human feeling first. Then, check your greed. Stop hurrying. Your target is not to gain, rather to last yourself here. If you can last here, surely you will gain. Go this way. If went wrong, wait for the favour to come. Be simple. Do not use other’s money, I mean, broker’s money. Do not use bonus. Broker gives it to you to earn from you, not to make you earn. Bonus is offered to attract clients. The more clients they have the more money they have, as the first concept for the broker is most will fail here. So, no problem.
Broker earns from you in two ways, while you have one way only. Broker charges you spread which is instant. This is the first earning from you. What do you charge him then? You can charge him nothing but nothing. The second earning is when your account goes nil. And, all your money is his. And, this is the main target which involves making you go bankrupt, not to pay you. And, 95% time broker succeeds as you have no trick or strategy.
If you are greedy you will take bonus. Though you deposited 100, your balance is 150 as you added 50% bonus. You are doing nothing but adulterating your fresh money. And, this will result in losing all (bonus + profit + own money). And, it is also the result as you became greedy – to earn more, to gain more, wa wa. Now I am gonna ask you, what trick did you play for the broker to give you more? Nothing, but nothing. So, do not be greedy. Have weight, steadiness and patience. Remember your enemy lies in you. It is usual and common that none wants to pay you, as the same is also true for you. So, do not blame other for your mistake and weightless thinking. Beside this there are still many other things that you still do not know or still need to know. Can you expect earning without knowing those? Then keep reading.