hello , thanks for the valid information , also you can mentioned training on demo account to help traders for accurate trades .That is a good question.
First you have to read (a lot about Forex) and sit in front of your charts for hours every trading day. Every time you learn something new you need to try (on a demo account please) how it works. If you feel confident keep what you learned, if not go on to the next tool. After a few months you will get comfortable and reading charts will seem natural. Another integral part of your strategy is money management - you need to make clear how much you are willing to lose on every trade (1-2% is usually accepted), and that is your stop loss; but never lower your stop loss so it would enter your 1-2% risk, lower your lots but keep your stop loss. And finally, there are periods when you will lose. Don't get disappointed - learn from your losses.
You can start reading books from Alexander Elder (good beginner books), Ed Ponsi has some nice stuff, and build on your weaknesses.
hello , thanks for the valid information , also you can mentioned training on demo account to help traders for accurate trades .
How did it go so far?i usually trade with no strategy lol, but its time to build one
Appreciate your help.That is a good question.
First you have to read (a lot about Forex) and sit in front of your charts for hours every trading day. Every time you learn something new you need to try (on a demo account please) how it works. If you feel confident keep what you learned, if not go on to the next tool. After a few months you will get comfortable and reading charts will seem natural. Another integral part of your strategy is money management - you need to make clear how much you are willing to lose on every trade (1-2% is usually accepted), and that is your stop loss; but never lower your stop loss so it would enter your 1-2% risk, lower your lots but keep your stop loss. And finally, there are periods when you will lose. Don't get disappointed - learn from your losses.
You can start reading books from Alexander Elder (good beginner books), Ed Ponsi has some nice stuff, and build on your weaknesses.
loli usually trade with no strategy lol, but its time to build one
How did it go so far?