Search results

That’s why new trader should focus on learning rather than making money. After learning you can make money even recover your previous loses.

Money Management is essential to survive in the market. I use maximum 2% of my capital per trade.

Binary Options is very much risky. I prefer normal forex trading.

Yeah. Beginner rush in the market to trade and end up losing money. All new trader should go for demo trading rather than real trading.

I always recommend to new trader first trade in major pair. Don’t try other minor pair.

Profit is important. However, new traders should focus on learning rather than making more profit.

Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.

That’s absolutely true. New trader should focus on learning rather than make money.

Not all traders trade with indicator. Some professional trader trade with only simple price action.

Right. Plan should include all factor like risk and money management. Divide the whole plan in several small task which make it easy to do and follow.

It is important to being aware of fundamental like news event. Economic calendar is best way to do that.

That’s true. Mistake is in human nature. But doing same mistake again and again is kind of stupid.

That’s why trading psychology is important for all kind of trader. Wrong decisions come with all negative emotion like greed, fear.

In my opinion higher time frame give more accurate information than shorter time frame. However, some trading like scaling deal with only shorter time frame.

I also agree. Try to focus on your own game. Find your mistake and learn from it.

Yeah. SL should be place base on support and resistance level. However, Tp should be place on pips according to Risk reward ratio.

I prefer variable spreads rather than high fixed spreads. If you can avoid high volatility market you can be profitable in variable spreads.

Trading depending on luck is kind of gambling. forex is not good for gambling. Proper knowledge and analysis in needed to make profit.

That’s true. Emotion can interrupt the decision making and right mind set. So, avoid it as much as possible.

Always use demo account first to test and practice trading. Then go for small investment. If you feel confident by then go for big investment.