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Yes, I agree, the fear of loss can lead traders to make mistakes. I try to control this with good risk management, like stop loss orders and position sizing. Also read good educational resources and choose a broker that offers good trading conditions to minimize cost of trading. Look out for...
That’s true! The imp thing to remember is to trade small but consistently. Greed to make money fast leads to losses and failure. Also trade with regulated broker.
You should take forex broker bonus. Some offer deposit bonus. But my broker – Axiory – offering no deposit bonus. This means you dont have to deposit any of own money. just register for live account and they deposit $25 into your account and you can start trading with it. This is no risk for you.
Lots of brokers and difficult to say which is best. but I can tell you what things to check when you are selecting your best broker.
First, I see if regulated or not. If not regulated, I cross them out from my list. I dont want to risk my money with non regulated broker. also check points like...
I completely agree with you. It’s v. imp to have patience and be disciplined. If you can master your emotions, you can master these 2 things and when you do, you can make money even by investing small amounts. You have decribed excellent strategy for newbies. I want to add 2 thoughts to your...
I am trading with Axiory. They are NDD brokers – that’s ‘no dealing desk’ which means trades are directly with interbank rates.
I chose them because they are licensed and have tighter spreads than many other borkers I can checked online. Also, they are licensed and regulated. And offering all...
Being able to support yourself with forex trading is possible, but it’s going to be very challenging. So, make sure you’re up for that challenge before you go ahead and invest a lot of funds. It will need time and patience.
The internet is the only school you’ll ever need. You can start with...