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Forex trading completely rotates around currency trading. With fluctuation in different factors such as economics and geopolitics the value of currency rise and falls and this change is the main objective of the Forex traders.  The trading strategies are sets of analysis that the traders use to find out whether they should sell or buy currency twosomes at a given period of time. With availability of so many trading strategies it is challenging for traders and especially in case of beginners to opt a particular way. Beginning traders commit a variety of mistakes arising from inexperience. Principal among them is to book their profits prematurely and allow losses to accumulate. These two phenomena are flip-side manifestations of "confirmation bias" whereby insecurity drives us to confirm our "superior wisdom" and cognitive dissonance prevents us from accepting our flawed judgment. Experienced traders develop mental self-discipline and use available automated trade ord...