When people are starting trading - they can get lucky sometimes. And without understanding the full picture and how market works (and driven by emotions) they can blow their account in days with the only though "why? it worked fine the first time was trading!".
Before diving in trading - learn how to do it properly.
Good luck!
Forex does not like frivolity and does not forgive such mistakes, so you need to think very well that you are really ready for such a job and then proceed.
Yes, it is a very careful point you have to pay attention to. Actually first profit can make you proud you may think now the market is in your grip you will certainly win next trade. This time just evaluate what you did good in trade you should follow the same things that will not be against the market. But planning and risk management should never ignore in any trading you will do next time.
To avoid negative results our focus should be on the right decisions. A trader enters in the market with just a target and emotion and not have proper market analysis ability how he can get profit? It is strongly recommended to get some skill of trading, market analysis, and risk management techniques so that you use these abilities to decide while trading.
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 .
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.