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1 Theforexsecret.com Theforexsecret.com
 Content At a Glance
 Introduction

 4 Ways to Build Forex Account

 Don’t over leverage yourself

 STOP over-trading
 START taking profits
 Make a Forex trading plan

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 Introduction

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 4 Ways to Build Forex Account
 Don’t Over Leverage Yourself
Over-leveraging one’s 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
 Don’t be over confident with early success
 Don’t take risk with emotions that is not affordable

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 Cont’d
 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.

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 Cont’d

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

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 Cont’d
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 trader’s attitude like figure out exit strategy after

entering the trade
-This emotional exit will generate you in losing money

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 Cont’d

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 Cont’d
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

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 Cont’d
 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.

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 Thank You

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