Trading is a set of skills and it is not necessary that successful traders are born with those skills. Good traders are those who strive to work towards it. They have a discipline and patient mind to learn from the basics till the advance practical knowledge is attained. With a proper set of...
trading is taken as gambling when you do not know what to do. Trading based on luck is like taking a shot in the dark and results are often similar as of gamblers. But with a well followed trading plan and proper risk management, trading is like a business. That’s the difference between those...
though losses are inevitable in beginning and even in later stages, it still can be minimized by proper risk management. Newbie should take calculated risk and put a small amount of money to start. Focus should remain on learning more.
True that! A beginner should only risk the amount he can afford to lose as beginning can be quite rough at times. Emotional crunches, revengeful trading all these mental blocks can lead to huge losses. I too feel demo trading is essential before proceeding with a live account. Practice a demo...
Forex trading has a great profit potential and meets different trading requirements. But it's not the hard work that works in forex trading but the smart work that matters. That is why 90% traders lose. If you are smart enough then you can definitely make money with time. Before stepping into...