Why Do Traders Lose? Common Mistakes and How to Avoid Them

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  Traders often lose money for a few main reasons, and most of them are linked to psychology, not lack of knowledge or experience. Even skilled traders make mistakes when their emotions take control. Understanding these mental traps is a big step toward successful trading. Let's look at the key reasons for losses: Fear and Greed.  Fear and greed are the biggest enemies of traders. Fear makes you exit a trade too early, missing out on profit, or avoid trades when the market is offering good opportunities . Greed pushes you to take too much risk or hold on to a trade for too long, which often leads to losses. Both emotions distort your thinking and make it hard to stick to your plan. Lack of Discipline. Discipline means following your strategy even when emotions are high. When you lose discipline, you might make trades without enough analysis. This leads to impulsive decisions and losses. For example, after a few losing trades, a trader might try to "win back" the losses b
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Trading Strategy for Binary Options Using vfxAlert Mobile Signals

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 If you’re looking to improve your binary options trading, this simple strategy can help. By using vfxAlert mobile signals along with MACD and EMA indicators, you can make more informed trading decisions.With this easy-to-use strategy, you can start trading confidently, even if you’re a beginner. No complex setups, just clear and effective signals right on your smartphone. Let's get started!

 

  1. Download vfxAlert mobile signals

 




Connect with a broker and set up chart


  • MACD: Apply the default settings (12, 26, 9) to your chart.

  • EMA: Add two EMA lines with periods of 20 and 30.


  1. Define Trade Setup


The vfxAlert  mobile app has everything you need for effective trading on various markets, whether it’s Forex, cryptocurrencies, or OTC.  About how to trade with mobile binary signals read here.


Set up signal filters in the app:  choose forex or  OTC assets, algorithm - trending, power - more 3 points, expiry time - 1,  5 or 15 min.


Signal Confirmation:


Buy Call (Up) Signal: Look for a signal from VFXAlert indicating a potential upward movement.

Buy Put (Down) Signal: Look for a signal indicating a potential downward movement.


MACD Confirmation:


Call Option: The MACD line (fast line) should cross above the Signal line (slow line). Confirm with a rising histogram.

Put Option: The MACD line should cross below the Signal line. Confirm with a falling histogram.


EMA Confirmation:


Call Option: The EMA (20) should cross above EMA (30), indicating an uptrend.

Put Option: The EMA (20) should cross below EMA (30), indicating a downtrend.





  1. Entry Timing:

Call Option (Up): Enter a trade when you receive a VFXAlert signal for a call option, and both MACD and EMA indicators align with the uptrend confirmation.


Put Option (Down): Enter a trade when you receive a VFXAlert signal for a put option, and both MACD and EMA indicators align with the downtrend confirmation.



  1. Risk Management


Trade Amount: Start with a small percentage of your trading capital to manage risk effectively.


vfxAlert dashboards: Open dashboards with additional technical analysis indicators to confirm the signal. Summary shows the current market mood as a color scale. Bulls&Bears scale shows the correlation between the strength of buyers and sellers at the market at the current moment. 


vfxAlert Trends: Open Trends tab and execute a trade on M1 when the trend on all three timeframes is the same.


Regularly review your trades and strategy performance. Adjust your approach based on what works best for you.

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