its a very good descriptions with some fine lines about beginners common mistake and bad habits , thank for your nice post. again
Please take a look around, and feel free to .
Risk management is indeed the best thing for the newbie trader as well as the advance ,this help seal so many leakage that may easyly arise from our trade and I do hope that forex trading can be manageme properly through this means too and this is what the expert trader get first.When doing intraday trading, you have to maintain quantity and risk management. And you have to plan and trade.
Risk management is a must for every trader. Because if money management and risk management help to make a profit, profit is needed for every trader.Risk management is indeed the best thing for the newbie trader as well as the advance ,this help seal so many leakage that may easyly arise from our trade and I do hope that forex trading can be manageme properly through this means too and this is what the expert trader get first.
Money management is very important for trading. Don't risk more than 2% in a trade. Also I prefer not to open multiple trades at a time. If you open two trades at a time it would be 4% which is not good. Survival in the market is the first skill we should achieve.Intraday trading can be very profitable, but money management and risk management need to be maintained.
Patience can turn a trader into a success. Every trader should go ahead in trading with patience.By doing forex making money is not easy. We may say access to the market is very easy and with little investment you can start it. To make money you need to learn the art of trading. But the learning process is long. You have to keep patience.
Yes most traders do not have enough patience. They want to get rich in a short period of time. As a results they become restless and open so many unnecessary trades and lose money.Patience can turn a trader into a success. Every trader should go ahead in trading with patience.