In every business, there are a number of predefined factors, without which your destination will never be reached. This is also true for Forex. Trading time, the money to invest in, stop losses, take advantage, etc. are some important factors. Each item in the forecast must be analyzed on the basis of proper business discipline. Set your targets every day and never trade after the targets have been reached.
The best thing to do is to set a goal in trading. If your goals are not right, you will never succeed. You have to trade according to the plan. I am not just saying trading, you need a plan if you want to do anything. Because nothing is possible without a plan. If you set a regular stop-loss that hits the stop loss you will not open the trade that day. And you have to set a target every day, do not expect more than the target. All in all, if you want to make a consistent profit, you need to maintain discipline and trade.
The 10 golden rules of forex trading 1. Avoid forex trading software that claims to guarantee returns 2. Always use a demo trading account 3. Forex trading can be highly stressful – avoid emotional trading 4. Invest in a solid forex education 5. You can learn to trade forex successfully 6. Manage your forex capital wisely 7. Manage your investment-per-trade wisely 8. Use common sense 9. Ensure you use risk protection strategies at all times 10. Be especially cautious about overextending yourself with leverage