You habe the right approach and attitude mate and keep it up. It is better to trade with your analysis and not rely on anybody else for it which means that you have trust and confidence on your abilities and skills.
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You habe the right approach and attitude mate and keep it up. It is better to trade with your analysis and not rely on anybody else for it which means that you have trust and confidence on your abilities and skills.
A trader who takes his demo account seriously while practicing is the one who gets same results in real account as in demo account and traders who do not take it seriously get profits in demo account but the results are opposite while trading in real account.
This is exactly the way a trader must approach in these markets and should not right away aim at becoming a millionaire and first aim at making some regular income by earning consistent profits and then think about maximizing your profits.
Only very few traders who are really successful and experienced and have very good knowledge of these markets will be able to make such kind of profits everyday on regular basis as it requires a great deal of knowledge and experience
It is true that a trader should be old in forex trading which means he should have more experience in forex markets. A trader might be 40 years of age but he is in forex from last 1 year whereas a trader is 25 years of age and he is in forex markets from last 5 years so a trader who has more experience in these markets will perform better.
You need to trust and believe in yourself and at the same time have confidence in your skills and abilities and anything you do to perform better trades. You will definitely meet success and I wish you best of luck .
It is true that a trader must know the right use of indicator while trading and at the same time he must also know that which indicator to use and which one will work well for him and he needs to learn few indicators first in demo account before he chooses few for himself.
There is no point doing hedging when you already have a trade running in negative loss and you need to analyze it further to make a decision either to keep it running or book your loss right away.
Slow internet connection and also at time re quotes is one of the few problems which even i hate the most in forex trading and I would like when the trades are carried out faster and instantly on current market prices to be able to make a good entry for my trades.
Emotions is a mind set of a trader and a thought process which is good to have. It is just negative emotions impact the outcome of a trade for a trader and his negative emotions can not be eliminated completely but a trader can try to control them to maximum effect to perform profitable trades.