trading without experience is nothing and suffers alot of losses. but it is not to worry as the good trader learns from the hard experiences and the experience is not available in the market or books it comes from time to time on day to day basis...
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trading without experience is nothing and suffers alot of losses. but it is not to worry as the good trader learns from the hard experiences and the experience is not available in the market or books it comes from time to time on day to day basis...
Currently, my dear friend, my experience in the Forex does not exceed 3 years, but I can advise you in conjunction with experts in this company InstaForex company with experience in the market more than three years .
about planning risk but also need to plan target profit. But I think for sure the Money management percentage should be similar since there is a minimum requirement from our trading system. If we still new to trading or we just new to the system just use the smallest lot size you can get, even the profit not yet seen.Quote:
Originally Posted by makrazeeb
i think when we are thinking Forex as a real good business opportunity and we can learn it properly with good and simple strategy and have to concentrate about market trending and movement which will gives us lots of idea and our confidence .i think every thing has a time and we need ot be patience .
Hello I am working in forex trade last one year ago . I want to work hard and want to make more money from forex trade . I have nothing to share all of you.
in generally, my the advice given by the professional trader, who is very good and accurate, we can follow the proposed transaction is applied, but have to go through testing timesagain in a demo account, so we know the accuracy of the advice and tips.
This is a common problem of all new traders.As i am a new trader, i have also faced this problem.I have lost more than $450.Thus i have learned that greed is the only cause of it.If we earn a small profit, we look for more profit.Then loss all of our profits and at last all the capitals.So traders should control their greeds.Be patient and wait for success.
when you earn profit donot make a trade with that money withdrawal your profit and start the trading from you new account money and dont be greedy
Best advice from my friends told me 3 years ago, (do not trade with your own money when you start trading forex, because in the early stages you will lose your money, you can trade with the bonus money until you get good experience in this market
goodlock:)
I am not those traders who has experienced more than 3 years. I have been trading more than one and half years. I would like to advice you that: before investing your all money in Forex you need to invest all of your time in learning Forex.