I always advise my fellow trader one simple thing, stick to the basics. Dont blindly follow a profit making strategy. Its better to first learn how trading works and then proceed to following a strategy.
While trading, we have the opportunity to make a fairly good profit if we learn and develop. And I also consider it right to listen to the advice of managers, especially if they are experienced like Amarkets
By trading, one can achieve heights of success, not only financially but also become more disciplined and planned. But all this is only possible, if the trader takes this field seriously, gives it his 100%, works with patience and aims for realistic goals.
Forex trading should be seen as a job. And as in any business, if you do your job well, if you are an expert in your field, you get a good salary for your work and knowledge. Therefore, there is no limit to perfection.
Trading is not a quick scheme to get rich. To earn consistent money through trading, you need to have a good knowledge of the market and its working. Then you need to develop a trading plan and trade dedicatedly over the years for earning a handsome amount of money.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.