When I was starting out, I found it very useful to STOP watching the charts after I entered a trade. So many times I closed good trades early. Now I set a trade and then leave it until the stop loss / take profit. A much less stressful way of trading
Risk management is also key. Knowing what lot size to use and making sure you ALWAYS use a stop loss. These are basic things that most new traders fail to understand and only learn the hard way
For me higher volatility is better. The stop losses need to be larger but so are the take profits. The spread usually stays about the same so the relative 'cost' of trading actually decreases in times of higher volatility (obviously I am excluding times of high volatility due to news events like...
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.