My personal choice is to go with the majors crossed with the USD because they are always much liquid and volatile enough to make good pips and earning pips means earning money.
No stop loss means account can be blown with in no time if your calculations went wrong and sometimes bad days happens even to the experienced traders.
Even copying the successful traders is not an issue for there is a new trend social trading is prevailing where we can copy from the expert traders but still we have to check their profiles, drawdowns, profit history etc properly before copy their trades. Those traders which have good profit...
Skills and success does not comes right over the night, it took a lot of patience in learning the right skills which are required to become a successful trader.
Yes to some extent i agree but greed is not the only element which rips off our trading plans we better have a trading idea and know how the trading process works in order to earn money from this highly profitable business.
So what are we up to this week, the lock down is still there and i have a gut feeling that it will extend further.. I had found out that trading can be a good choice for everyone as it can be done from anywhere therefore those traders still have a choice to make some money while sitting at their...
They can learn how the trading system works before they get eligible for trading. I guess without having any proof of ID or Residence, which is only available after 18 in many cases, no broker accepts any trader. These two things are mandatory in getting account approved by any broker.
We all should comply with the industry standards of not risky much of capital in trades and enter the trading market with a proper trading plan, which should be adhere and if the specific target is met exit the market.
Those who skip the learning part and advise others to limit the six months duration to three months eventually losses money and are among the 90% failure stats.