Trading in the foreign exchange market, as well as many other areas of business, inevitably associated with financial risks. Therefore making the first steps as a trader, it is important to clearly understand that no adviser, no trading system is not capable of 100% insured against loss. Advisor BenefitEA is not a «Holly Grail», which never merge your deposit. This is primarily a qualitative tool to explore the possibility that you can get a steady income from trading on Forex.
Analyzing the letters we receive from our traders, we found out that not everyone understands that the risk-free trade in the market Forex — this is nothing more than a myth. About 90% of new traders need to go through 5 stages to a full understanding of what really is a trade in the financial market. And only after that they get on the right path.
Five steps of understanding the trader that is trading in the financial market
Step 1. A novice trader in search of the trading system.
The biggest mistake most beginners is that they consider the Forex market as a money printing machine that could easily give them the financial independence that they so wish they had. Most beginners do not feel the need to learn and understand the intricacies of the work on Forex. First of all they are trying to buy on the Internet mythical breakeven Advisor (trading system), which, according to them, should be the same «hen that lays golden eggs.» Moreover, many inexperienced traders mistakenly seeking to buy automatic robot as trade manually consider a waste of time.
Step 2. Printing machine found.
By purchasing or downloading a «high-yield» adviser, many traders do not even try to understand the principles of its operation. And do not start trading with a demo account, but with trading with real funds. Most often this occurs when the adviser bought for money. And the higher the price, the more blind trust to the robot. The reason for this behavior of traders often lies in the fact that some vendors provide newcomers a hundred percent success adviser to extort money from him.
Step 3. First loss of the deposit.
Typically, this happens very quickly, as most beginners tend to trade on Forex with exaggerated risks. In this case, most often in the loss of funds is not a trader blames his inexperience and carelessness, and the «wrong tool.» And taken as a search advisor expensive, considering the higher price guarantee high returns. The search for a new «grail» is not postponed for later, and start on the same day as a trader with panic fear afraid to miss its profit. He looks at how the price moves in the market and calculates how much he could earn in 10 minutes or an hour to have the last price movement.
Step 4. Complete draining, the first disappointment.
At this stage, merchants are divided into two groups. Some begin to blame the seller that he sold them to «drain» adviser and stop trading. Still others set the trading system on a demo and watch her work, begin to delve into the behavior of the prices and to see the first «pitfalls» adviser. It is this second group and comes to the final stage.
Step 5. Stable income and peace of mind.
As time went on, going through fire and water, the trader finally realizes that a stable income can be achieved only with a full understanding of the principle of the trading robot. He finds the Internet a suitable trading tool or counselor develops on its own strategy. It is at this stage, to understand all the subtleties and nuances and defining an optimal level of risk, the trader begins to trade for the first time without panic and in peace.
What can we offer you?
Due to the fact that most buyers do not have experience in controlling the robot and often change the settings as they wish, which led to incorrect operation of the robot and loss of deposit, we excluded the possibility of customization by the buyer.