You should have a proper mindset while trading. Emotions such as greed often lead to irrational decisions like over-trading, over-leveraging, etc., which may incur heavy losses. Always go with your plan and do not try to imitate others.
Andrei, please accept my greetings. You'll make a few trader friends here. You are welcome to share your tips and tricks because you have gained valuable experience.
Thank you for your helpful post! Imo, It is very important to understand the importance of calculating pips as they hepy in calculating your potential profits and potential risks to make trading decisions.
I’d recommend -
Work on your emotions
- use leverage but not over do it.
-have a decent strategy
-risk management
-seek a mentor
-practice and preach
These would work for anybody!
Well if you ask me, the most common emotions I encountered during my initial phase of my trading career were anxiety and fear.But actually now, I have learned to control my emotions and not let them dictate my decisions. I always make sure to do my research and only enter into trades that have a...
Forex trading is a complicated market as it is constantly changing and you need to be able to keep up with the changes making it difficult to depict the market movement. but it takes time to learn things. However, having a good understanding of the nature of the market and its mechanism can...
Many traders do not prepare for the worst to happen, and they lose in the forex market. If they are prepared and make amends with the nature of the market, they will be able to accept losses and learn from them.
The internet has everything for you to learn and explore about the forex market. Consider learning through books, courses, videos, or whatever you find. Learning is just the start of the game; trading with that knowledge is crucial too.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.