Skill trading is an important part of trading, although there are other opinions if the most important in trading is about psychology, in fact, although traders have strong psychology sill to analyze the market often fail, hence eventually will losing money in trading, how to improve a skill they need practice and will good in real account.if want to built better psychology
For a newbie it's not advisable to use any strategic tool as its not their cup of tea initially, it may face them loss of the capital amount. Hedging is for trader who have complete knowledge and for one who are practicing trade for a long time.
The traders who have their eyes only on quick and big profits rarely focus on the fact that trading is not only about buying and selling at the right times. It calls for unique skills, discipline, knowledge and a strong mindset. Therefore, if you are ready to put in the effort that is required to become a skilled trader, the market will reward you.
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.