Well said mate! Trading is also a mental game with a lot of practice needed to be successful whether a day or a swing trader. Trading psychology plays as important part as trading strategy.
True that! Leverage is a weapon which can be used profitably only with proper management. Otherwise high leveraged trade can rack up great losses due to bigger lot sizes.
Well, forex offers a lot of advantages as we all know. Being a 24 hour market it offers huge profit potential and also it’s a highly liquid market. The thing I like the most about forex is that we can trade with leverage but yes I agree leverage is tool to be used with caution. Even transaction...
Every trader wants to be in the winning bracket and avoid losses in forex. But only a few traders take those firm steps towards the goal. They often skip the rules and end up failing. Traders don’t stick to their trading plan. Without a well thought strategy you will react to the market rather...