In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
In my opinion, every trader must have some rules which he/she has to comply. To my mind, these rules are: 1. Never be greedy and don't rush. It's verysignificant mainly because you are able to avoid serious mistakes. Of course mistakes are your experience, however if there are people who already made these mistakes, then you'd better listen to their advice. 2. Don't neglect money management and risk management practices. Actually, it's the same as the first rule, neverthless it's much more detailed rule, you know. Don't open a position if you're not sure. 3. Concentration and learning. It's simple. Just learn and practice, learn and practice. On demo, on a real acount or somehow else. Always concentrate on your trading activity and weigh all pros and cons according to a particular situation.
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.