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To increase your profit ratio, you have to lower your loss amount. You can do so by trading based on strategy. Besides so, try to rectify your trading approach for the betterment of your trading. FXOpulence ensures narrow trdaing spread, high leverage and superior fast execution. They allow...
Sinking into frustration is a very common phenomenon in trading so traders should take some ways to controlk frustration. Can you suggest some such ways?
Leverage is a controversial topic to newbies all the time. According to my understanding, newbies shouldn’t use more than 1:100 leverage. What do you think of it?
Every financial market is armed with volatility so it’s nothing to be worried about. Forex’ high volatility has made the market uncertain and TP and SL using can be a technique to shield against big losses. So, To protect your trading capital from such an accident, you should use stop loss at...
This practice of over-trading should be deducted to attain trading success; otherwise trading success will become a mirage for traders. Limit your trades to make profit on average. Over-trading reduces your equity gradually.
Focusing on two pairs is okay. But if it is only one pair, you can analyze very well. If you go for more than that number, you will lose the track of market analysis and can’t produce a better result.
Several brokers offer the opportunity of trading commodities, indices and cryptos. I don’t trade platinum, silver and other commodities because they are unpredictable to some extent and risky for trading.
Without a good trading strategy, you are nothing in forex so try to develop your own stratrgy by innovation and discovery. Personally I follow moving average and fibonacchi even though I don’t us them in their default setting.
Newbies can’t derive profit from the market moderately just because they don’t have sufficient knowledge. Market’s direction should be guessed to trade in the right trading range.
The cardinal advantage of Forex trading is online trading advantage. Traders around the world can participate in trading through using internet. Traders can trade here sitting at home.