Never try to assume

[Oscar Shumack]

Many of us ignore demo trading, which is a major mistake done by us. Demo trading will help you gain practical knowledge over the market, which is badly essential for traders

 

[Alexander Hudson]

There are different ways of exploring knowledge. Read e-books, use demo accounts and watch video tutorials to flourish your knowledge. We can view posts on forums because they are of vital source of knowledge.

 

[SaadBinToha]

By following right money management policy, traders can maintain average profit.

 

[Eduardo Lucchese]

Don’t go for taking a loan for trading. It will push you to danger because there is no guarantee that Forex will give you sufficient return. You can possibly get your capital crashed too.

 

[Oscar Shumack]

Traders should look for knowing the platform and understanding the market first and then they should jump into trading.

 

[SaadBinToha]

ECN brokers are the safest option for you. You can entrust your trading capital with them. A secure broker safeguards your trading capital and always keeps your trust in them at top priority.

 

[SaadBinToha]

While trading, we mostly prefer looking at indicators but we don’t know that candlesticks’ shape and sizes foretell us the market’s direction.

 

[SaadBinToha]

Try to trade in low-spread consuming pairs to increase your trading return. High spread means your broker is taking high commission from you for each trade opening.

 

[Oscar Shumack]

Copy trading is sometimes profitable but it won’t increase your efficiency. How long will you copy others? It will become a habit that you can hardly get rid of.

 

[Oscar Shumack]

Wrong assumption can lead to losses so you have to forecast the market according to market analysis. New traders do this frequently but they are losers ultimately. So sharpen your thoughts first.

 

[Alexander Hudson]

Flexibility in trading should be brought because not all time, long-term trading is possible because sometimes you have to trade scalping whenever the market opportunity is narrow.

 

[Oscar Shumack]

A regulated broker allows traders with all reliable trading facilities by utilizing which traders can earn a big profit.

 

[SaadBinToha]

Learning attitude is important because if a trader doesn’t have this inclination, he or she can’t develop themselves with time.

 

[Eduardo Lucchese]

Newbie traders lose from the market just because they don’t know the trading rules and regulations well.

 

[Ethan]

When we have zero knowledge about trading, we try to assume and assumption sometimes leads to massive losses so we have to eradicate it.

 

[Aaron_0]

Traders mainly capitalize on their assumption especially those who don’t have sufficient trading knowledge. Even though learned traders too rely on assumption but their assumptions are logical.