I am beginning to see the reason why a greater number of new traders fail on their first trial. The simple reasons is LACK OF KNOWLEDGE. Imagine a trader who does not even know how Volume and Leverage Affects his trade, how do you think he will fare? Imagine a new trader going for a 3lot trade size on his first day in order to make huge profit, will he succeed?
New traders must learn the basics and all factors that can lead to profit or loss. This is very important. Right now, successful traders are so few compared to unsuccessful traders, but you can change this by doing your best to succeed as a new trader. Be well equipped for a live account.
New traders must learn the basics and all factors that can lead to profit or loss. This is very important. Right now, successful traders are so few compared to unsuccessful traders, but you can change this by doing your best to succeed as a new trader. Be well equipped for a live account.