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How not to lose your deposit – Forex for beginners from scratch

All festive time of day! Holidays continue, but the markets have already revived and many traders are actively involved in the work. While browsing one of the Forex forums, I drew attention to the discussion about merged deposits. How not to lose your deposit? Some traders argued that this was simply impossible. They equate merged deposits with payment for the gained trading experience. But some colleagues believe that you can trade without losing your deposit. How many participants in the dispute – so many opinions on the subject of the dispute. But is it realistic to trade without losing all your deposit funds? If at least one trader succeeded, it means that it is really possible. But what does it take to keep the deposit without losing all the money?

What do we want from trading?

This is the most important question that every person who comes to the Forex market must ask himself. What is the main purpose of his trading activities? Moreover, this question must be answered very frankly. Everyone, without exception, wants to make money in the markets. The only question is – how to do it? The vast majority of speculators want to become rich very quickly. You want a lot from trading at once. That is, there is no desire to understand the mechanisms and principles of trading. I want a lot of money, and certainly tomorrow, well, maybe the day after tomorrow. This approach to trading initially involves the loss of money. In the very approach to the process of making a profit, this category of speculators lays out exorbitant risks. Nothing good can be expected from this approach to the process.

Working with bonus funds

Now it is much easier for beginners to learn to trade. Demo accounts are very useful. Only the difference in the results of trading on demo and real accounts is sometimes very noticeable. Better to use cent accounts or bonus funds. You won’t make much money on cent accounts. But the bonus can be used in full. Almost everyone succeeds in trading according to the principle – either pan or lose. Only more often it turns out “gone”. It is the work with bonuses that sets the trader to exceed the risks. After all, the money is not real, although you can also earn real money. That is why now you need to overclock the bonus deposit, and trade with real money in compliance with MM. There is nothing good from this approach to trading. On real accounts, you still want to overclock the deposit with one deal.

Not to earn, but to find a way to earn

Only with this approach can you save your deposit. Initially, the goal is to set so as not to earn a lot, but to find a way of stable earnings. You need to find your own algorithm of work and money management, in which money will not be lost. Let a lot of time be spent looking for this algorithm, but it will pay off with a stable income. You don’t need to set any goals to earn 3, 5 or 15% every month. You need to set a goal – not to lose your money. Leaked deposits are not the price for the experience gained in trading, but the price for our frivolity, greed and haste. Having seen some profitable, as it seems to us, algorithm, we immediately rush to use it in trading. At the same time, without testing the vehicle, without providing for options for canceling patterns and exceptions in the rules. Better not to earn anything than to lose at least one cent.

Yours faithfully,

Vitaly Pryadko.

January 6, 2021

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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