Why do I lose money trading forex right off the bat?

Question

Its just a demo account btw. I go with the trend, and the trend is still on but I see my losses go from 20 to 30 to 100 in just a few minutes. Then at times I purposely do the opposite of what I think I should do, but I still lose right off the bat. I dont know what the deal is and I was wondering if someone could throw some light. Is it the spreads that cause me to lose right away?

Answer 1

You should ONLY trade using 'limits' .. if you trade 'at best' some-one will be happy to take the shirt off you back ..

Answer 2

maybe you should invest in proper training first like this on here at

http://www.Nitrading.info - it will make you thousand times what it cost by  both not losing later but also being able to do profitable trades most of the time

Answer 3

You could try using some of the strategies that the "professionals" use.

There's some good ones that come with the software "Forex Autopilot". There's a review here:: http://www.fxsystemscompared.com/rev_for...

Answer 4

You were probably trading over the weekend. It could also be the currency pair that you are trading. Some pairs, like XAG/USD, the spread can go as high as 3500 pips over the weekend.

Wait until at least the Tokyo market is open starting monday. The spreads are going to be lower then.

Cheers!

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