How to Be a Successful Trader in Forex
Roger Pinheiro:
Finally, once you've established your trading strategy, and switched to a live trading account, you should move on to the next step—or steps, rather:
Set stop-losses for every trade. Otherwise, failure is almost certain.
Develop a trading plan and always adhere to it.
Don't risk more than 2% of your margin per single trade.
Keep your emotions separate from trading.
Never trade to compensate for your losses.
Only trade when you feel it's the right moment.
Don't be afraid of losses, every trader has them.
Try to achieve more profitable trades, and have less unsuccessful trades.
This is the right path to follow in order to become a good Forex trader. You will be facing lots of losses and stress along the way, but don't give up. With effort and passion, you can make up for any bad experience you may have. If you would like to learn more about professional Forex trading, you can do so with our ' Masters of Trading Educational Webinars' - which provide you with the opportunity to learn about advanced trading psychology and candlestick trading in the Forex and CFD markets.
Finally, once you've established your trading strategy, and switched to a live trading account, you should move on to the next step—or steps, rather:
Set stop-losses for every trade. Otherwise, failure is almost certain.
Develop a trading plan and always adhere to it.
Don't risk more than 2% of your margin per single trade.
Keep your emotions separate from trading.
Never trade to compensate for your losses.
Only trade when you feel it's the right moment.
Don't be afraid of losses, every trader has them.
Try to achieve more profitable trades, and have less unsuccessful trades.
This is the right path to follow in order to become a good Forex trader. You will be facing lots of losses and stress along the way, but don't give up. With effort and passion, you can make up for any bad experience you may have. If you would like to learn more about professional Forex trading, you can do so with our ' Masters of Trading Educational Webinars' - which provide you with the opportunity to learn about advanced trading psychology and candlestick trading in the Forex and CFD markets.
Trading the smallest allowable lotsize is a great way for a newbie to start their trading journey.
The psychology of the lotsize is that you must trade the size that your account stop loss can handle so a minimum 100pips movement is tolerated before the trade moves in your anticipated direction
Everyone want to get big profit. So they use big leverage and burn out their accounts one day.
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Set stop-losses for every trade. Otherwise, failure is almost certain.
Develop a trading plan and always adhere to it.
Don't risk more than 2% of your margin per single trade.
Keep your emotions separate from trading.
Never trade to compensate for your losses.
Only trade when you feel it's the right moment.
Don't be afraid of losses, every trader has them.
Try to achieve more profitable trades, and have less unsuccessful trades.
This is the right path to follow in order to become a good Forex trader. You will be facing lots of losses and stress along the way, but don't give up. With effort and passion, you can make up for any bad experience you may have. If you would like to learn more about professional Forex trading, you can do so with our ' Masters of Trading Educational Webinars' - which provide you with the opportunity to learn about advanced trading psychology and candlestick trading in the Forex and CFD markets.