there is no best trading tips in there above all when market moves at random and never follows any trend.
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Best tips and tricks
- Thread starter Coner1980
- Start date
The best tip I can suggest is to not trade with the money you can’t afford to lose.
And, there is no trick, just follow your trading plan. If something goes wrong while trading, close the position.
And, there is no trick, just follow your trading plan. If something goes wrong while trading, close the position.
loss is really a common thing that we the traders cant avoid after having most powerful analyzing trade knowledge. so we the traders should take losses easily.
from last couple of news trading , i did really a huge losses. now trying to recover.
I would say, “never stop learning.” Forex demands constant learning and updated skills. Give time to analyse the market, from time to time. Do not assume anything. Trade with facts, not with a money-making mindset.
The best tip I can suggest is to not trade with the money you can’t afford to lose.
And, there is no trick, just follow your trading plan. If something goes wrong while trading, close the position.
It's easy to get careless about your deposit if you think of it as the money you can afford to lose and start to make trading decisions that lack rigorous justification or reason. Instead I suggest to take trading as a business in a high-competitive field with its costs, uncertainty, risks, etc. and refer losing trades to that part of the business.
sometimes risk management works to fail because market moves at random and sometimes never follows at any trend.
Tips to be followed while trading in forex are :
- Sticking to a plan
- Copy trading
- Keep it slow and steady
- Maintain a trading journal