Yes, wait patiently and work hard. Spend your time in learning market analysis and it’s not a spending rather you can entitle it as an investment. Your first investment should a small amount because initially investing big amount carries high risk for you.
Your perfection will bring consistency for you. To bring perfection in a trader’s trading, there is no alternative to demo trading. But don’t trade on demo based on wild guesses rather follow an educational program and apply your earned knowledge on demo account.
Yes, Forex is a good global business where you are flexible to use leverage. Leverage is a great facility provided by brokers but we shouldn’t misuse this facility because a misuse of leverage can lead to balance crash-alike incident. Traders should use a minimum leverage to earn moderately.
Learn forex first to turn it into a good investment for you. Learning attitude is important because if a trader doesn’t have this inclination, he or she can’t develop themselves with time.
I must go for manual trading because I simply think expert advisor will put my tarding capital at stake. I cannot tolerate big risk with my small trading capital.
As part of technical knowledge, try to gain knowledge on support and resistance level. In supply and demand, the prices are not determined. To tarde forex properly, a trader must have sufficient knowledge on support and resistance level.
Spread is a commission taken by brokers so trade with sucha broker that charges narrow trading spread. Market reality is really difficult and traders need time and analysis to catch it.
Actually, I try to maintain other professions besides forex trading. Forex opens the door of earning for traders. It’s the largest currency trading market, allowing traders with enough flexibility and opportrunities.
Those who are patient and persverant will be the real gainer from Forex. Most of the traders don’t have these two qualities. At the end of the day, brokers matter because they serve traders as an intermediary.
Our ignorance to following proper guidance of trading may lead us to fail. Always try to use TP and SL in your trading because it will save you from sudden losses.
According to my view, fibonacchi is a good indicator that provides traders with point-centric ideas.Use internet and seek advices from experts to strengthen your trading.
To earn more reward, you have to take more risk. Use leverage in the proper way. Some traders use different accounts as part of their gambling strategy. This strategy isn’t recommended by experts.