The worst mistake is to keep all your eggs in a single basket. A good trader always uses more than one currency pair and a couple of strong base currencies to trade well. Otherwise, you might lose too much too soon!
Well-said, Courtney. Very well-said indeed.
I would like to add that just like we think it's warm outside from scantily clad people, our training in childhood helps us make informed decisions. The same way, training and tutorials can also help make informed investments in the forex markets.
Well said. This window period of trading may range from a few hours to a week! But the point here is not the time but the kind of profit margin you can scalp out from the maneuvers.
Well, sounds pretty promotional really. However, I would agree that a veteran forex trader does make some subtle differences to the results that businesses and firms can achieve! :)
Right. But wasn't it apt that the currencies are quoted in multiple decimal accuracy, for otherwise the traders trading in thousands would stand to lose even hundreds of dollars/money if the accuracy is even .001% skewed!
There was never a better statement than this. I have been in this industry for 6 years, and I still feel that I am at the edge of the ocean of forex trading knowledge that lies ahead of me. Bravo! :)
why don't you get an online portal up and start promoting your trading skills? Students and amateurs will flock automatically. Trust my word - it comes from experienced sources!
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