Save your investment by trading based on proper market analysis. I prefer both but I am not good at fundamental analysis even though it is more useful than technical analysis.
Reducing trading risk depends on us so we should do so to gain better from trading. Besides using a micro account, you can use narrow trading size and trade in low-trading spread pairs.
Success will come with the hands of knowledge and experience. Make gathering knowledge your primary choice so you can be benefited ultimately. Watch video tutorials and read e-books to do so.
Scamming has become so common affair nowadays so traders’ cautiousness is important to catch a scam broker. Scam brokers are unregulated and offer all commercial facilities.
In technical analysis, technical tools are used to identify support and resistance levels. Traders can capture a range according to which he or she can trade.
Don’t be so excited while trading rather make the best use of opportunities. Analyze the market proper and take logical decision to reap gain on the market.
As part of financial management, try to focus on better money management policy. Forex is little tough at the beginning but it recovers soon with practicing a lot. Try to stay focused on your trading and adopt such a trading style that gives you enough profit.
Many expert traders are available on forums from whom we can derive lessons. Even if we have doubt about anything, we should raise questions on Forums.
Taking low leverage, narrow trading spread, flexible margin, avoiding trading in volatile market, using micro account should be our target to lower our trading risk.