besides making profit there is only losses and fear. so we the traders have to make sure how to faces losses and control emotions. actually emotions is the foremost enemy in our life only not Forex trading all about life attitudes.
Imamul posted: Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
That’s true. Trader should always analysis tier broker before choosing. See if this broker is good for your strategy or not.
Successful traders always plan according to the plan. Due to which they are protected from many unexpected moves. If you want to trade successfully, you have to learn trading first. If you don't learn and trade, you will never succeed. Money management and risk rewards must be followed in trading. And you have to be patient all the time.
Successful trading is the combination of so many things. You need a good strategy with good risk reward ratio. You also need discipline and ability to control your mind. You also should have a good risk management strategy to be successful.
Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
If you want to be successful in trading, you must follow the plan. It is very important to maintain the discipline to profit consistently. If a trader does not follow risk rewards and money management, he will never be a successful trader. The risk-reward formula must be applied to cover the loss in trading. And you have to keep a long time target and trade with patience.
UweMoench posted: Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
All those factors that you mentioned are on point. These are really essential to be a winner in forex. Just to add, I think proper research is also very important.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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