Page 141 - Ultimate Guide to Currency Trading

Lower Pressure

Trading in a less aggressive manner will also reduce the overall pressure associated with
currency trading. With a more casual and easy going approach to FX trading, you will be able to
experience all of the profits and fun of currency trading without some of the fear and upset that can
come with a high risk/high reward trading program. A low risk/low reward trading program will yield
you the involvement in the world's currency markets and all of the action that such involvement
brings.

If you have a live account, no matter how small it is, you will be able to enjoy the emotions
that all Forex traders enjoy. You will be able to experience the excitement of going to the world's
central bank websites and reading their committee reports. You can then use this as well as other
fundamental knowledge to place winning trades. No matter what your Forex account size, you will
undoubtedly have a certain level of pride after a winning trade is made. You can experience reading all
of the brokers' reports, you can get the currency market updates on your smart phone throughout the
day, and you can read the technical charts; you can still profit from becoming an expert at the
currency markets and at currency trading. The only difference would be that with a low risk/low
reward trading style you will be foregoing some of the high pressure situations that can inevitably
occur if you would be trading in an aggressive manner.

You will be doing much to reduce your overall mental burden by taking on a less-
pressured trading style. You will be reducing the amount of time spent trading, you
will be reducing the money at risk, and you will be reducing overall the chance of

losing in your trades by a great amount.
Essential

You can change a high-stakes game of currency trading into a gentle sport. By reducing an
otherwise very risky endeavor into something that is less risky, the enjoyment level of currency
trading can be brought up to that of a hobby.

If this type of low risk, casual, hobby-like trading is for you, then keep in your mind that you
will only trade when you feel good, and when the trading is fun. If at any time the FX trading becomes
a mental burden, take some time off from currency trading; the Forex market will still be there! Also, if
you find that you are straining with trying to set up a trade in a difficult trading environment, by all
means, close out your positions and stop trading! Wait for the bad times to blow over. Part of an easy-
going trading style is that it is supposed to be easy-going!

Less Stress and a Safer Currency Account

If you are thinking of trading in a lower risk/low reward fashion, then you will undoubtedly enjoy a
reduced stress brought about by very tame trading sessions. These tame trading sessions can follow
the same basic course as the more aggressive trading, but the lower dollar amount and the lower