Baazex posted: Trading should be done with proper technical knowledge , demo account trading experience , good capital on hand ,good risk management skills and trading goals should be very clear trader should cut off on the basis of market conditions.
Nice Explanation! You have basically summed up everything in one line which is required for trading.
Yea, I can see that happening but sometimes the outcomes can be right but that is very low. Trading should be done when you are confident but not too overconfident and having a proper understanding on what is going to happen. Basically you have to clear your head and have a clear trade.
Success in trading depends on a large number of indicators, but if you are willing to work on yourself and learn new strategies, if you are not afraid to make a mistake and try again, then you will definitely succeed and have a good income.
Wrathdragon posted: Success in trading depends on a large number of indicators, but if you are willing to work on yourself and learn new strategies, if you are not afraid to make a mistake and try again, then you will definitely succeed and have a good income.
True, that passion and determination is a prerequisite to succeed as a trader.
Shifting of stop loss happens when a person doesn't know how price works. They remain fearful after opening a trade. A person need to learn how to trade. He also needs to know When to trade when not to trade. Otherwise it will happen again and again.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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