this thread i am mentioning 7 very easy tips for everyone to become a successful forex trader.
1-Made a plan for your trading. 90% of the traders fail because they do not have any plan to trade.
2- Be patient in your trading. It always give you profits.
3- Do not overtrade in your trading. Try to set a goal for your daily trading and do not cross that limit.
4- Do not always listen to other traders. There is lot of information available on the web but its your own responsibility to use that information carefully.
5- Trade that size of your capital which you can afford to lose. First make calculation that what size of loss you can afford to lose and then trade. Dont take it as negative because negativity is not good for a trader.
6- After spending so much time on trading take a good amount of break for your relaxation. It will give you good energy to refresh yourself for your next trade.
7- Try to trade in live account. That does not matter that you have small capital to trade but demo and live account have some difference in speeds of currency up and down. Dont waste your hours on charts and tables to study and exaust yourself in it. ThNku
1-Made a plan for your trading. 90% of the traders fail because they do not have any plan to trade.
2- Be patient in your trading. It always give you profits.
3- Do not overtrade in your trading. Try to set a goal for your daily trading and do not cross that limit.
4- Do not always listen to other traders. There is lot of information available on the web but its your own responsibility to use that information carefully.
5- Trade that size of your capital which you can afford to lose. First make calculation that what size of loss you can afford to lose and then trade. Dont take it as negative because negativity is not good for a trader.
6- After spending so much time on trading take a good amount of break for your relaxation. It will give you good energy to refresh yourself for your next trade.
7- Try to trade in live account. That does not matter that you have small capital to trade but demo and live account have some difference in speeds of currency up and down. Dont waste your hours on charts and tables to study and exaust yourself in it. ThNku
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