Exploring Key of Success in Forex Trading
Forex Trading now being very much popular world wide. Millions traders doing hard work from Monday to Friday to get some pips from their trades. But survey showing maximum traders lost all their balance in this very risky market . But on the back side , it is also fact , many others doing very well job and they easily earn huge profits just by spending some hours on this platform.Now the question arise , why some traders loss all their wallet balance and on the coin side why some other traders earn big .
After broad discussion with many successful traders we explore some truths and logic. To be a successful trader , you should follow some basic fundamentals. Few are them given below .......
1. Traders should psychologically prepare your self that forex is a very much risky platform and traders may loss all their single penny just by doing a mistake.
2. Traders should follow World Economic News, Trends.
3. Money Management also a very big requirement. Traders should set his/her mind that how much profits or loss can accumulate in a single trade. ( may be 5-10% profit or 5-10% loss )
5. Imply a discipline trading hours.
6. Abolish Greedy thinking from your brain. If your Set day target achieved in a single trade, just exit from terminal. Survey showing that many traders loss all their money just because of greed.
7. Follow good technical charts.
8. Lastly , if you seen all your traders going to loss for a week , you just take a rest from your trade for next week . And watch market .
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If you have any other Tips , please share with us by using comment section. Wish you all the best. Happy Trading.
