简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:We advise you to educate yourself before making any investment decision; it took us several years of learning and practicing on Demo accounts
Click Here After You Read: Pay It Forward, Trade the possibilities with wikifx.
If you're a new trader, don't look for a broker to trade with; instead, look for a book to read.
We advise you to educate yourself before making any investment decision; it took us several years of learning and practicing on Demo accounts before noticing profitable results and beginning to trade on a real account; therefore, regardless of the amount of money you intend to invest, you must educate yourself. We also advise you to never risk more than you are willing to lose, and to keep risk as low as possible.
These are the most critical steps to take in order to succeed as a trader.
1-Education: You must educate yourself in any way possible and acquire as much information as possible in order to comprehend how the market operates.
2- Practice: You must practice your strategy extensively and back test and demo test it repeatedly until you see positive results for a specified period of time.
3- Patience: You must exercise patience while studying, practicing, and trading the financial markets.
We recommend that you have a:
1- Trading strategy
2- 2- A risk-management strategy.
Prior to commencing trading.
A trading strategy should include the following:
1- A straightforward strategy for conducting your analysis.
2- A set of rules to adhere to when searching for confirmation/setups.
3- Entry/Stop/Target Entry/Stop/Target Entry Rules
A risk management strategy should include the following:
1- Preferred risk level for each trade.
2- Optimal risk-to-reward ratio.
3- Preferred maximum drawdown.
Please keep in mind that the preceding perspective represents our assessment of the market; we assume no responsibility for your own actions.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
A Trading Journal is more than a basic record of trades. It’s a learning and improvement tool. Beginners often jot down only price and time. Experienced traders add deeper insight that helps them get better over time. Here's what they track:
The ongoing conflict between Thailand and Cambodia has put immense pressure on the Thai Baht, impacting the forex market and investor sentiment. Read on for more.
Investment scams have been rising over the last 5–6 years. Therefore, you need to be alert in the forex market, as many scam brokers are active and waiting to exploit inexperienced investors and traders. Neuron Markets is one such broker that appears genuine and makes big promises but ends up swindling investors’ money. Checkout red Flags and stay Safe
Every Trader or Investor in India who wants to invest in the dynamic forex market must read this important article. It explores the future of the forex market in India and answers a common question: Forex market will rise or crash in India ? Checkout the article below.