Take thoughtful decisions!

dhaniram

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Beginners need to know that Forex is a challenging market and one must think properly before selecting the trade. Without making proper trading decisions no trader can expect to achieve the desired results .
 
You are correct, can take years to master. This is why many we start in demo mode until we are profitable there
 
And to be profitable on demo module for any broker basically means nothing in the long run. I do not beleive it's somehow more than good here really. How do you really imagine doing something which is so volatile constantly and without mistakes.
 
Decision plays an important role in your trading performance. As which you decide and when decide it will determine hoe trades will treated. That is whey more emphasis is given on analysis and market watch. It will help traders to understand current market position he can judge either this time is good for trading or not.
 
That is very good observation so starting with demo account is a must as well as something like new accounts which is completely fine anyway with you watching youtube videos for all that matter here. And sometimes even experience do not help.
 
Trading forex is not an easy job. Each new trader shall be aware of this fact. This is why it is important to spend time learning and also on demo account in order to gain confidence in trading skills and strategy. Certainly, demo and real accounts are different so start with small investment
 
This is very true, thanks for bringing it up. Actually, every trader should be very careful when making important decisions that can impact trading success. You need to think critically when choosing a broker and currency pairs to trade, when entering and exiting a trade, and on matters to do with risk management
 
And even if he do it's not always possible to achieve needed results, forex it's sort of part time business, not part time job, you really make some investments here and do not make anything in between over that matter. But what exactly do you need to pay to learn ?
 
Without a proper decisions nobody will be able to make success in any segment of life. Situation is the same also with trading decisions. In order to decide properly, you just need to have experience and knowledge, so only continuous learning can bring you to success
 
Don't just buy and sale based on price only , plus too much focusing on win rate may also lead you towards trouble trading without proper plan may also discourage you Focus , Patience and yes Risk management will lead you towards desired goals just plan and stick to it
 
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