Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.
paull3000 posted: Take a look at this book at Amazon: The Black Book of Forex Trading
I believe it's simple yet powerful, specially for beginners
This book is really good which guides you how to stop struggling the market and earn money consistently.
With no offense to any book, I think consistency can only be achieved with practice and practice in this field. Seeing the practical side of things, than just reading about them, is far better.
i agree, but for beginners it is best to start with books, to get more clarification on the terms used and a little knowledge. directly jumping into the pool without even having a slightest idea how to swim is dangerous.
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.
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