Malokelv posted: Nothing is guaranteed in our life so anything like that as well anyway. For whatever reason being done there totally and completely. In such way you should treat your forex as well, and no some other thing. Only like that and you will get some results soon.
Forex trading is especially fast-paced and risky, so it is especially important to have a solid basic knowledge before trading with the money you earn. Understanding risk and FX risk management strategies, including Stop Loss, are also essential to long-term FX success.
There are many types of strategies in trading. Sentimental Analysis is the best analysis in the trading world. The way in which the market moves in 4 ways is what I usually call context. Those 4 ways of context are impulsive/corrective and volatile and non-volatile. If this context and support/resistance level can be combined, then a lot of money can be made from the Forex market.
Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.
I have learned that do not share your opinion about market with others if you are a day trader.It makes you biased about about that day. If I stay away from others I do good in trading. I need to be influenced free to keep my mind relaxed.
One of the things i've also discovered is that it helps to have a support system. While it is key to do you own research, developing systems and strategies that work for you (also based on learning from mistakes). Having a mentor, someone who has been through the trenches and is willing to help you learn from their experience, avoiding some traps and mistakes you haven't encountered yet.
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.