Forex trading can be simple if the trader understands how the market works otherwise it is the riskiest. Learning how to be profitable is attainable with a focused effort and a solid education. In this market, losing is unavoidable. Some will lose, while others will triumph. That is how the...
Beginners should apply risk reward ratio and place stop loss at the start of their journey in the market. It’ll help minimise risk and give them time to figure out a good way to strategize and bring in profit.
This was a great post! Understanding the market sentiment should be a trader's priority. It is not easy to study the market ; hence, analyse and learn the shifts to plan future moves.
Hi there, welcome to the forum! Wishing you a smooth and eventful learning experience in the market. A pro tip ; patience is your ultimate friend. Good luck!
If traders focus on lowering risk, it can help them move further and achieve their goals. Many fail to manage risk and money and lose, causing them an early exit which can be avoided by placing stop loss at the beginning of their journey. Understanding the sentiment of the market and having an...
Joining a good forex forum not only helps you understand and learn the market better, but it also gives you a sense of belonging so you don’t feel lost or alone in the market. To seriously make good money, you need to focus on building knowledge and skill to analyse and view the market from...
This was a great overview of some important points to keep in mind while trading. Greed can overtake rational thoughts and to avoid that at best, following a plan is important. Maintaining a journal can help look back at past mistakes and give space to rectify them.
Hello, welcome to the forum! Sure, there are many courses available online, but I suggest you start by going through books and videos to gain an idea on what the. market has to offer. Later on, if you wish to learn a course, it can add to your skills. Good luck!
Beginners should not expect much from the forex market since it will take time for them to make money through it. I truly believe that beginner’s must focus on developing a market understanding so that they don’t lack knowledge when it comes to having a long trading career.
Hope, fear, frustration, and greed are the most common emotions that I usually go through while trading. Where greed and hope make me open trading positions in just any trades, fear and frustration keep me from identifying market opportunities that can prove profitable.
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