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For newbie cent account

For newbie cent account can be a good option. But before going to live trading, develop you trading system on demo account. Don't just trade randomly on demo account. Learn to read charts. Every pair has its own unique characteristics. Choose a pair and try to find out all the characteristics of that pair in all time frames. It takes time but it's the best way.
 
Trading is the combination of strategy, discipline, mind set, emotion control, money management and risk management. We need all of these. With an average strategy and all other qualities a person can make regular profit.
 
Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.
 
If you are looking for a good broker, you need to gather information about the popularity of online brokers. And you have to trade real by depositing a little money under that broker.
 
success is a big deal in this market place because most of the traders who are particularly beginners always become a loser . so be careful guys when trading into this . good luck
 
Many people take the demo as a certain format of entertainment and then encounter real problems in the real market and it definitely leads to more difficulties in the future.
 
The main thing is not to dwell on such small steps.
After all, this is a business, and you have to take action - that's the only thing that makes money.
 
if you are active in Forex Forum community , you can find a right broker very easily even though choosing a broker as a most difficult task due to many scams. And it also supportive to increase trading performance very rapidly because of many posts among various subjects.
 
The cardinal target of traders should be increasing profit ratio. You can adopt some tactics to higher your profit ratio. Except for so, there is nothing you can do for certain to reduce the loss ratio.
 
Better result is the result of patience and perseverance. Cultivating these qualities is essential for traders. To come out of this problem, traders have to be very much cautious and should seek advice from those who already succeeded.
 
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