Well said! There is no way without proper trading knowledge! Even, only basic level is not enough here! Knowledge I mean your trading skill is the key; all of pro traders have a good trading skill for sure! This is why, they are able to identify the market trend so smartly.
Well; to be honest, because of my own trading skill! Of course, it’s not my over confidence! I am pretty sure on the reality of Forex! But the point is, I know (can predict) the market according to my knowledge & experience.
Mate, there is no way without stop loss trading tool! On the other hand, fear is one of the most comment problems in the beginning sage! But, eventually everything will be fine if the traders follow the proper learning procedures.
Agree with you, new traders need to start with very basic; then they should go for advance level! Eventually, they need to work with their own trading style, it takes time! Initially, it’s not possible at all.
I started with the micro in my initial stage but right now I am working with a standard trading account, because now I am confident enough on my trading skill.
It’s not easy to find out a good Forex trader, maybe you are very lucky in this case! Do you deal with him personally? Or using automatic trading service?
Same opinion from me! I have also noted, a number of new traders start their live trading without enough preparations; like they don’t have any long-time proven trading strategy or plan.
If a regulated broker (regulated from any transparent authority) makes any unexpected action against on your profit or capital, then you can take attention of this transparent authority with the details, they will investigate & help you to get money back.
I appreciate your opinion, but we should provide the real scenario of Forex, because a number of new traders try to make instant money after joining here! And, after losing few trades they lose their momentum too.
You are always welcome. Yes, I am also following the same way; when I am not 100% okay, then I close my chart; I consider my physical & mental health so carefully.
Great info, thanks for your contributions! Surely, this kind of news event impacts a lot in the market, I mean on the market trend! This is why, I use both (technical & fundamental) in my trading.