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We as forex traders believe that traders should start small and grow accounts as their skill improves, we cannot ignore trend following trading breakouts can be a great way of maximizing potential gains. Breakout trades are often used with larger risk.Strategies will help you if you only have a...
It always depends upon conditions and trader , It doesn't matter what your strategy is, as long as it's a profitable one.ocus on Risk Management as your #1 priority, and you will protect your account against unreasonable losses.(y)
There is no one who dont make mistakes and no business where there is no possibilities of loss the main thing is to learn and dont repeat mistakes because it might lead to money loss if trader will repeat same mistakes
Being Impatient
Ignore Risk management
Lack of technical knowledge
Learn,Learn and learn as much as you can , Be patient , focus on risk management don't jump on things with diverted mind , take a close market analysis and be constant.
For a successful trading career you have to work step by step first learning , create a plan , focus and stick on the plan and make sure its accurate and according to the risk management aspects Learning is the key be a pro , Be Patient , Focus on Risk Management , Earn market good reputation...
No doubt the fear of loosing money in this field of trading is very common but go beyond the fear, If you want to acheive your goals you have to be very confident and focused if a trader will keep fearing of loosing money he can never earn
Plan your goals and create a habit to plan your day and keep a journal, mediate do regular exercise take short breaks and proper sleep keep focus on your plans and goals and stick to them
Yes, Loosing money is very common thing traders are afraid of and its natural but thinking about loosing the money all the time is not really good for new traders its better to focus on earning or holding the money on its value instead fearing all the time , Risk management and trading knowledge...
A broker may not always be required to carry out trading but if you want to trade with out broker you yourself must be a pro better option is find a broker and trade with him (y)
Broker must have buy and sell-side trading experience across large, mid, small cap, program trading and emerging markets He must be regulated within your country laws and licensed.
Well , Trading is a serious profession if you are doing with passion focus and experience as Forex trading is no doubt amazing but trader have to be very wise and experienced always ask an experienced traders help
For a successful trading career you have to work step by step first learning , create a plan , focus and stick on the plan and make sure its accurate and according to the risk management aspects(y)