Here I am going to give you 10 easy tips you need to enjoy long term trading success and if you understand and follow them, you can join the elite 5% traders who are in forex Big profitable businesses.
I don’t care about the number of suggestions – you need to follow them.
1. Don’t use FX robots
When 95% of all merchants lose, don’t expect cheap robots to make you rich without any effort, these systems cost very little because they don’t make money.
2. Smart work is not difficult
I’ve always read that it takes years to learn a trade and you need to learn it permanently – it’s rubbish. Forex trading is easy to learn because a simple system works best and you can learn all the basics of success in a few weeks. You don’t get paid for working hard in FX trading, you get paid for being fine so you don’t have to work extra for no reason.
3. Understand the ups and downs
I see many traders who think they can trade and eat skulls through 10 to 20 pipe stops but they soon lose their money. Because they have no idea about the ups and downs and the effects and if you want to win you need to understand everything about it.
4. Use less leverage
Brokers will lend you 200: 1 but use that money and you will lose. For a novice trader, 10 10: 1 should be used as much as possible and there is no need to worry that you can take advantage of the triple digits and still have strict risk control.
5. Discipline Discipline
In Forex trading, the best traders in the world earn 50% of the time, but there are many benefits to keeping losses small and keeping profits low.
Most novice traders think that they are going to win most of the time so they run a loss and it ends. If you want to win in Forex trading, they refuse to admit their shortcomings, forget to stay focused and accurate, minimize losses and make a profit.
I hope you enjoyed the above points and if you understand them, you will see why you can make the most of trading in Forex.
#Trade #Forex #Tips #Currency #Trading #Success
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