Trading without SL means, you are going to crash your full balance! Know why? Because, there is nothing like 100% profit ratio in Forex! So, use SL and keep safe.
But I think, high profit in a short period of time is very much common (especially for the new traders)! But making a consistent profit is the real challenge!
If you are a crypto trader, no problem! Till now you can use reputed Forex brokers! I think, make dealing with a new broker is always challenging! Besides, right now almost all of Forex brokers offering crypto instruments!
I really appreciate your comment, since you didn’t mention here any short session like 1-3 months! Basically, learning is a long term process here; there is shortcut way of learning.
I can’t ignore your points, especially on the learning interested on new traders! Basically, learning is so easy here, since there is no fixed syllabus of Forex; besides good Forex trainers are rare!
I think, below 10% is a realistic monthly target! But I see, a number of retail traders trying to make unrealistic profit here like 100% even more, yes it’s their monthly target!
It’s true; I have also similar statement. But, trading is not so easy! Yes, it’s open to all; but no one can make money here, unless having a good trading skill.
Good pint, actually traders need to use this feature according to their strategy’s requirement. Trading is a high trading leverage with a proper plan would be a painful experience.
That’s really unfortunate, even I see a number of new traders try to rely on others trading system or signal service. By the way, without proper trading knowledge & experience, being a consistent trader is quite impossible.
Absolutely, it’s not easy to achieve! Even, I have never seen any pro trader unless having less than 5 years trading experience! On the other hand, pro traders are well-disciplined in their daily life.
I must say, practicing the demo is much important than the forum! According to me, only popular forums are useful; again, demo is the best way to learn Forex.
Maximum 1:100!! Even, new traders need to use 1% risk-reward ratio since usually they make very horrible winning ratio; that’s the protective way of trading for the newcomers!
Maybe you tried to rely on the technical tools! By the way, no doubt Price Action is very much useful trading strategy; nice to know your success story on Price Action; Keep hunting mate!