Initially, beginners should understand that trading without a strategy is impossible and you need to learn how to create it.
To become successful in this market, you need to make a profitable strategy. Without any strategy you can face a huge los.
Shelby10 posted:
To become successful in this market, you need to make a profitable strategy. Without any strategy you can face a huge los.
Also, testing strategies on demo is also very important. Many traders miss that.
Sep 15 2020 at 04:18
There are lot of trading strategy in trading. Trader should follow according to their preference. As example, scalping is short time trading strategy. So, those who don’t have enough time they can try this kind of strategy.
Well said, if you have good money managment then you can be a profitable trader very easily. But sorry to say that most of the new trader do not have good money managment and strategy so they often fails in Forex.
Sep 16 2020 at 05:45
New traders mostly fails due to lack of practice on demo accounts. I think one should must take proper practice and then came to real accounts for profit. I also have practice many years on demo account and now I am gaining a lot from forex trading.
Be Safe Always
No matter how good the strategy is in trading if money management and risk management are not followed, it is never possible to achieve success by trading. Many successful traders pay more attention to discipline than strategy. Many traders have not been able to make a profit even after trading for a long time. Because they are very emotional about trading and they never follow money and risk management
Sep 17 2020 at 06:50
i have seen the result we get from our trading strategies , its not all about permanent something, we have to build more strong money management to keep consistent.
Money management and being flexible with strategies to take into account changing market conditions
