I think a 94% target is an exaggerating target and even that amount of yearly return is nearly impossible to earn. So, before thinking about trading strategy, you should set your target properly.
Some years ago, I traded silver all on a sudden on a signal provided by Swiss bank, which caused me to lose 600 dollars. Not taking any backup entry immediately was a big mistake of mine.
We are good traders when we are able to follow risk management strategy properly. A well-defined risk management policy can make your trading melodious for you.
Before starting trading, a trader should practice on demo account more and more. He should initially invest only few dollars in live account and then trade.
We are away from moderate profit just because we don’t like to follow risk management policy. Following risk management policy is a major step in trading.
Forex is a place of money for those who understand the market trends and analysis well. Several brokers serve traders with numerous trading facilities.
Upsurge and downturn is a common scenario in Forex market as it’s a financial market. Traders should remain abstain from trading when the market is on upsurge.
Many traders ask aboutr pips budgeting but it cannot be done in Forex. So, focus on market analysis because right market analysis can provide you with the best market forecast.