Practically, every trade should develop his own trading strategy for ensuring successful trading life. This is because no two people are identical and they may have different trading styles and attitude towards the Forex market. A trading plan should emphasize the safety of our capital and should not take more risk than we can afford to lose without getting mentally disturbed.
In Forex trading , When looking for a scalping broker first of all make sure the broker has lowest trading spreads or not. Because for using scalping in a proper way there is no way to ensure lowest trading spreads,
Yes, particular trading plan is important! But, I am not using here any manual trading strategy! I am working with most popular trading strategy called Price Action! But I have a fixed trading plan in my trading.
You are absolutely right! Having a particular trading plan is very important! Many new traders start their live trading without having any plan unless money making! They are the greedy traders as well as the losers!
This market is too much volatile and there is nobody who can predict the real faction of this market with certainly , that’s why for keeping survive in here we the traders have to depend on our trading strategies that we select according to our trading experience. First of all we traders have to ensure real money managing plan if we get maximal result by our trading strategies.
Mohammadi posted: This market is too much volatile and there is nobody who can predict the real faction of this market with certainly , that’s why for keeping survive in here we the traders have to depend on our trading strategies that we select according to our trading experience. First of all we traders have to ensure real money managing plan if we get maximal result by our trading strategies.
Yes, it’s an unpredictable market! But, for being a good performer you need to have a specific trading system and trading plan! By the way, I agree with your opinion on money management.
The success is depend on your trading knowledge , on the other hand despite of good trading knowledge that’s not possible at all to make profit with great consistency 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.
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.