Recent content by Anie

An important tip for risk management could be to use a stop-loss order that automatically closes a trade at a predetermined price to limit losses.

A successful trade is the one that results in a profit.

It is true that greed and fear can lead to poor decision making and ultimately result in losses in trading. Successful trading requires discipline, right strategy, and careful planning to manage risks effectively.

Effective management skills such as risk management, and money management can increase profits and reduce losses in forex trading, potentially resulting in monetary gains.

Retaining motivation in trading can be challenging, as it requires discipline and a strong mindset. But with realistic trading goals and dedication, nothing is difficult.

EUR/USD, and USD/JPY pairs are good to start trading. As they are less volatile and major pairs.

You are right, I too make the same mistakes over and over, but I try to learn from them every time.

Beginners must learn to mitigate trading risk on their own.

After a failed breakout, I usually exit the trade and re-enter the market if the price reaches the breakout high.

I am trading with 10:1 leverage.

Yes I am currently reading the book The Simple Strategy by Markus Heitkoetter.

I believe that learning about the stock market and becoming familiar with market dynamics is the first step towards making money through trading.

Hi, buddy! How would you define the right broker?

Setting your trading objectives is the first step to make profit. I knew what I wanted to accomplish when I started trading, and I worked hard every day to get there.

Yes, the forex market is unpredictable due to its high volatility. However,experienced traders may easily manage & control the risk associated with market fluctuations and become profitable.