The main issue in Forex is to keep survive continue. And for surviving in a proper way we the traders first of all have to make sure real exclusive educational facilities that are very supportive to be a knowledgeable trader rapidly. we can choose the broker which always ensures best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities.
in Fx generally the target we select is not realistic, this is the main problem we have and for that reason we cant fill up our target completely, we have to make sure the target according to our knowledge and experience , over targeting make make us always greedy and emotional. so be careful
we have take Fx as a Full time , because in this lockdown is a chance to learn trading in a proper way, you can start with baby pips school which is the mainly source to bring all basic knowledge and experience , besides this trade in a demo.
Surviving in the Forex field is very difficult and most of the traders fail in their trade very begining of their trading period. If you want to be a successful trader than you need to have god knowledge, skills and money managment. If you lack one of them you can fail in Forex quickly.
The proverb ' Survival for the fittest' is the most appropriate in forex trading. Here only the fittest traders survive. To be fittest knowledge and skills is important. Knowledge is beneficial only when you can apply it properly. Knowledge without proper application has no value.
Yeah a trader's first target is to learn how to survive in the market. For that one must learn risk management and psychological aspects of trading. Even a trader with good technical knowledge lose money because of over trading, greed, revenge trade and fear. So one must achieve this psychological skills.
Michihito posted: The proverb ' Survival for the fittest' is the most appropriate in forex trading. Here only the fittest traders survive. To be fittest knowledge and skills is important. Knowledge is beneficial only when you can apply it properly. Knowledge without proper application has no value.
Many traders focus on how to make more money. But in reality, they end up quitting the market. Survival is the key. If you can get enough experience in the market you can be successful.
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.