5 Tips for forex beginner

Jul 17, 2020
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Some of the tips that every trader should consider before trading currencies are:-
  1. Make a trading plan and follow it strictly.
  2. Don’t run behind huge profits, try to mitigate losses.
  3. Keep a trading journal.
  4. Don’t be afraid to explore.
  5. Practice, Practice and practice until you become confident.
 

e_abrams

Trader
Dec 11, 2020
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Point number 2 is especially relevant but overlooked, I think, especially by newbies. Everyone wants to make big profits. Profits depend on the size of your account. If you have a tiny account and try to profit a lot you'd just end up losing the whole account.