Starting out in the forex market is definitely an exciting experience but you must be very careful not to make these dangerous mistakes that most beginners make.
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🚨 Undercapitalization
Insufficient initial capital is the first mistake by beginners, and it usually ends up killing them.
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Your trading capital is lost even before you have the time to properly learn to trade.
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This is what usually happens to new traders:
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📎They don’t have sufficient trading knowledge and experience.
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📎They are not familiar with risk management principles.
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📎They underestimate the risks involved in their setups, which leads to impulsive and often expensive execution.
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Another habit is among trading newbies is using tight stops on small lots and even smaller trading accounts.
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📎Using small trading lots is not a death knell for newbies’ accounts but using small and tight stops might be.
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📎By using short and tight stops, you increase your chances that the stops will be triggered more frequently and your total loss will consist of many small losses.
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Your trading account should be as large as possible in order to correspond with market conditions and provide the necessary flexibility in making trade decisions.
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Like any business, you have to make sure you adequately funded. Don’t try to lower risk by only depositing a portion of your available trading capital.
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🚨 Overtrading
Overtrading is when you (hoping to receive the maximum possible profit) open a huge position consisting of multiple lots. Considering the typical market activity, it’s easy to lose half or even all your trading capital with this.
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This problem is sometimes directly connected to insufficient trading capital.
But it’s more likely due to the trader lacking knowledge of money management principles, which means lack of competence to control their trading capital properly.
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Your trading capital is used to earn money.
Your first and foremost responsibility is to protect it. If you lose it, you have less to help you earn money.
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Have you ever made any of these mistakes?

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Today Economic Calendar GMT
Banks Holiday Canada and USA

Trendline analysis in forex is a crucial price action method that helps us first and foremost in trend
detection. Trendlines measure the price move of a forex pair when the price is increasing or decreasing.
In this manner, there are two types of trendlines:
1) Bullish Trendlines
We have a bullish trend when the Forex pair is increasing. In this manner, the price of the pair records
higher bottoms (lows) and higher tops (highs). The bullish trend line should be located below the price
action and it should connect the bottoms of the currency pair. This way the bullish trend line acts as a
support for the price action.

2) Bearish Trendlines
The bearish trend has the opposite character of the bullish trend. We use a bearish trendline in order to
measure the price action during a price decrease. In this manner, the bearish trend requires the price to
record lower tops and lower bottoms. This indicates that the price is dropping. The bearish trend line
should be located above the price action during a price decrease. The bearish trendline plays the role of
resistance for the price.

Today Economic Calendar GMT
High volatility expected on GBP and CAD pairs
Medium volatility expected on EUR and USD pairs

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✅ Symbol ::::::: USDCHF

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💠 Take Profit 1 : 0.9040
💠 Take Profit 2 : 0.9090
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USDCHF

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📆 Signal Published ::::::: 18/2/2025

✅ Symbol ::::::: USDCHF

📈 BUY AREA ➡️ 0.9000

💠 Take Profit 1 : 0.9030
💠 Take Profit 2 : 0.9085
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USDCHF

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