question- what are the things that a trader should never do?

nahiyar

Private, 1st Class
Messages
825
A trader mustn't go out trading without an effective and efficient strategy. It is way too risky to go on a trade without a strategy it will probably lead you to loss and you will lose your interest and money which will demotivate you. A strategy is the first and foremost aspect for a trader and next is proper and adequate trading knowledge to understand the know-how of the trading.
A trader should never go to live trading without having enough knowledge and practice over different types of trading he should be eligible to understand the market mood and apply his strategy accordingly, never be emotional even with good analysis so that he can not suffer from sudden danger from the market.
 

bigdolly

2nd Lieutenant
Messages
1,024
A trader should never go to live trading without having enough knowledge and practice over different types of trading he should be eligible to understand the market mood and apply his strategy accordingly, never be emotional even with good analysis so that he can not suffer from sudden danger from the market.
Yes rookie traders should always start from demo account and only after gaining sufficient confidence and knowledge move to live account.
 

carnelian

Private
Messages
204
A trader should not think forex an easy business he should work hard to get all practice and skill to cope with the market. If he is having low experience he will face difficulty in analysis making as well as emotional control. He can do decisions in a hurry that can be affect trading outcomes. He needs to make a sensible strategy for his trading to help out in making profits.
 

fxoday

Master Sergeant
Messages
324
Forex business is risky before start to make a deposit, better check review broker whether they had a problem or not with the traders, and how the problem solved or not when contacting them to get solution our problem
 
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