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Not too many that they blow their account. It’s up to them. However, focus on learning new things about the market, rather than running after how many traders you should do. You could bag handsome returns in one trade or lose. All of it depends on your trading expertise.
If you make up your mind that forex trading is all about the knowledge you obtain from your experiences, it will get easier for you. Your education will probably play the most important role in your trading career and so, you must keep in mind all the lessons you read about or experience in the...
I might surprise you by saying that you will never stop learning as a forex trader. Each trade, each loss, each profit, and each market movement will come up with an important lesson that you would have never learnt before.
Start with going through the educational material shared in the school of pipsology. This will help you understand the basic functioning of the forex market. You will also find out how you must move ahead in the forex market to make great profits.
Trading psychology is all about how you feel about trading. Whether you get angry after making a loss, feel frustrated when a trade doesn’t work, or feel happy on making a profit, all of it comes under trading psychology. You need to work on your trading psychology so that your emotions don’t...
Risk in trading is all about how well you make use of your money to make more money. You may decide whether you want to take small risks or the bigger ones depending on how much you can afford to lose. This is all that risk management helps you with so that you can keep trading regardless of...
Don’t believe what others tell. Explore the market and find out for yourself. You will probably learn more from your own experiences. So, don’t feel under pressure when you start. Give yourself enough time until you get well-versed with the market.