005500 posted: (Practice makes a man perfect) Successful trading depends upon your trading style, practice, knowledge. You should always observe proffesional traders how and when they buy and sell apart from this a trader should always do market analysis before entring into any trade and should have patience in executing the trade, most importantly is to have prpoer money and risk managemet.Never invest whole money in one go otherwise you may bear huge losses if market is not in favour. Observe, analyse, think and then invest.
There’s no secret key to achieve success in trading. You just have to be consistent with your attempts and should be ready to face any kind of results. I would also suggest not to take your decisions emotionally as it might cause you to neglecting some important factors that can affect your trade.
Maintaining discipline is very important for successful trading. Without discipline, it is not possible to create a profitable strategy. Many traders are not able to make a profit by trading for a long time because their trading discipline is very weak. Successful trading is possible with proper money management and risk management.
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.