Kirstysingy
Recruit
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Make sure you understand risk to reward ratio and have control of your emotions, these two together will make a massive impact
Absolutely right. With the right RRR even 50% or less win trades can give you a good profit at the end.Make sure you understand risk to reward ratio and have control of your emotions, these two together will make a massive impact
Yes, 2% risk is the maximum advised.Also not to trade against the trend and follow the risk management rule i.e., taking less than 2% risk which is the industry standard i guess.
Yeah it is really easy to get your trading derailed because under influence of emotions you start to make a lot of mistakes.Make sure you understand risk to reward ratio and have control of your emotions, these two together will make a massive impact
I do think news matters. Of course it never gives you 100% chance of win, however it can help you to develop your strategy or to finalize already existed one. What I'm sure for real is that news is less effective in case of short-time trading, here trade has to rely on technical analysis and watch for the trend line (if his/her startegy consists of trading by trend). Figures such as wedge can help you to predict the movement of the price much more effective than news in this particular case. Otherwise, checking news is a must have imho mianly because it teaches a trader "hygiene of trading" you know.news doesn't always help. this is proven by personal experience.