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Basics knowledge is not enough
v
Obecné
Jan 25, 2021 at 12:10
Basic knowledge helps you to understand the gateway of the market, with time you need to update yourself which pair is performing better and how the real financial health of the respective economies. I prefer to analyze the pairs before trading. Only your intellect will help you to survive.
Professional trading tips for beginners
v
Obecné
Jan 25, 2021 at 12:09
I will recommend some of the points:1. never copy someone’s trading style2. keep patience while starting, Rome was not built in a day3. keep yourself updated with the current market trends4. gain knowledge by reviewing educational content about forex from the internet5. do your SWOT analysis, where do you stand before the market and then go ahead.
Most people fail because
v
Obecné
Jan 25, 2021 at 12:06
I would say that try to keep your excitement at low levels and invest patiently at the early phase of forex trading. One wrong trade can vanish your all hard earned money. Try to learn from small trades and then gradually move to bigger ones. Learning from mistakes keeps you on a safe path.
No system works all the time
v
Obecné
Jan 25, 2021 at 12:05
Nothing is permanent. Not even strategies that we make for our trades. We must change our strategies with the market volatility. There is no such system that automatically adjusts to your trades. You will have to keep yourself updated every minute to book profits.
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