The risk is very high without assistance from professionals. Each day, while you trading, you have a potential to lose if you don’t have a professional guidance.

Imagine how much you can save by using signals service, you can see live trading with daily results and the biggest benefit for you is that you can also be active with the signals and enjoy them.

Most of us (human beings) are paying for things that we barely enjoy – expensive restaurants, presents, vacations and so on…

Add a new exciting way to your life that does not only spend and make our wallet thinner, but also provides a validated way of stable income and potential profiting, and even financial freedom in the end of the road.

Now you have the opportunity and advantage to STOP trading by yourself and have the guidance of the professional team of Tools Trades to give you the tools for success and have the potential to stop losing and start profiting.

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Although there are many forex investors, few are truly successful ones. Many traders fail for the same reasons that investors fail in other asset classes.

In addition, the extreme amount of leverage - the use of borrowed capital to increase the potential return of investments - provided by the market, and the relatively small amounts of margin required when trading currencies, deny traders the opportunity to make numerous low-risk mistakes.

Factors specific to trading currencies can cause some traders to expect greater investment returns than the market can consistently offer, or to take more risk than they would when trading in other markets.

Forex Market Trading Hazards

Certain mistakes can keep traders from achieving their investment goals. Following are some of the common pitfalls that can plague forex traders:

1. No Discipline

The largest mistake any trader can make is to let emotions control trading decisions. Becoming a successful forex trader means achieving a few big wins while suffering many smaller losses.

2. No Plan

Whether one trades forex or any other asset class, the first step in achieving success is to create and follow a trading plan. "Failing to plan is planning to fail" is an adage that holds true for any type of trading.

3. Failing to Adapt

Before the market even opens, you should create a plan for every trade. Conducting scenario analysis and planning the moves and countermoves for every potential market situation can significantly reduce the risk of large, unexpected losses.

4. Trial and Error

Without a doubt, the most expensive way to learn to trade the currency markets is through trial and error. Discovering the appropriate trading strategies by learning from your mistakes is not an efficient way to trade any market.

5. Unrealistic Expectations

No matter what anyone says, trading forex is not a get-rich-quick scheme. Becoming proficient enough to accumulate profits is not a sprint - it's a marathon.

6. Poor Risk and Money Management

Traders should put as much focus on risk management as they do on developing strategy. Some naive individuals will trade without protection and abstain from using stop losses and similar tactics in fear of being stopped out too early.

Conclusion - Why You Need indicators: 

Indicators solves pretty much all these problems since we already calculate everything and make the decision for you. We have experience and you use us to learn and profit.

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To do that, there are some rules you need to follow:

1. Know the costs on your investments - Rich investors focus on spreading their investments at the lowest possible costs. Actively-managed funds tend to carry higher fees, but don't always outperform the market. Make sure to know any fees and taxes associated with investment choices before committing to them.

2. Don't waste too much time looking for the next big thing - Your average investor might spend most of their time trying to identify the next Apple or Facebook. High-net worth clients spend less time on that and instead focus on wanting to own the whole market and use a low-cost index.

It is unlikely for wealthy clients to purchase when the stock trades at $40 because they will have $40 at risk and the upside and downside are the same. However, when the stock trades at $20, then you have a much better upside potential and smaller risk.

3. Know your risk tolerance - Before making any investment decisions, wealthy investors know what they will need the money for and how much they can afford to lose. Set the number you need to have at the end of the year to make you sleep at night.

Once investors know their end goal, they can choose appropriate investments. For instance, if a wealthy individual had $10 million to invest and needed $8 million at the end of the year, that person will look to put 80% in relatively safe investments and 20% in more risky investments.

The same principle applies at any investment level. You get more money for taking more risk, that's how it works, but you need to know what you are comfortable with losing.

4. Never panic - Wealthy investors are more likely to take a long-term approach with their investments and ignore “hot” news that can make you invest without thinking.

For example, a lot of rich investors stayed in the stock market in 2008 and were then greatly rewarded as just last year the market was up 30%. You have to be brave.

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This strategy is simple to apply and good for every trader, beginner or expert.

All you need to do is to work with a system that will work for you.

Step one is to determine how much do you want to accomplish, money wise.

Then you need to agree on the initial amount on which you start (bonuses aside, money earned is money we take serious, believe me there will be enough bonuses to go around).

After deciding that, you’re going to have to decide which percentage is enough per a trading session (day/week and so on). for example: 10%

After you reach your goal you will have to stop.

Why stop when losing?

When we lose we (people) have an instinct to trade more to recover the loses – thus open trades without analyzing the market and without giving too much thinking to it - that leads to even bigger losses. The right thing to do is to close the platform and wait for the next day, relax, drink some water, refresh and release the emotions. Emotions are bad for trading.

Why stop when winning?

After winning the percentage human nature comes to work again in the form of greed, once again we are not thinking clearly, we feel like we can win any trade, and eventually lose more or lose the profits. It is very important to know how to stop when you’re winning. Sometimes for a day and sometimes for couple of hours, depends on the day.

Commitment:

like any business you must be sharp and work hard, trading can provide you more profit than any business (even 10% per day is brilliant comparing to other investments), but it involves learning and spending time understanding the ways of the market and learning new strategies as you go.

After you open an account – you’ll get all the tools and assistance from your broker. Talk to us on the chat now to get started.