Basically, traders need to start from the basic level; then they should go for the advance! Forex is very challenging job; so traders have to understand the reality of Forex!
Congratulations! But, till now more than 90% traders are unable to make a consistent result! In Forex, your own trading knowledge is the key! With an ordinary trading skill; nothing is possible here!
Well; in my trading I don’t use tons of trading tool on my chart; my main strength is PA trading; besides I only use moving average trading tool! That’s all!
No; there have more options; but ECN & STP are the most popular among others types of broker! By the way, I am also comfortable with ECN type FX broker!
Price Action trading is my main strength! So, I always count the type of market trend according to the patterns of the PA. Besides, I need to know valid support/resistant points!
I think; new traders only need to concentrate on their learning process; instead of thinking this type of parameter! Basic, then the advance level of trading!
Absolutely; learning is a never-ending process; in addition, learning from the own trading mistake is the best practice! This is why, now I am spending the time in the weekend on my own trading mistakes!
Really, when I was a newbie, I was too much confused! Because, I faced consistent SL’s in my trading! Now I know the story; without having a good trading skill, there is no way.
I use SL trading tool permanently! It helps me a lot; and now I am able to avoid any unexpected result in my trading! Besides, money management is the best policy!