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One important tip to keep in mind with trading forex is that nothing is for certain. This is important to keep in mind so that you can prepare yourself for failure and possibly trade in a way that inflicts the least amount of damage on you financially. You need a clear plan on how much risk you can allow and still remain on top.
yesss.. trading every day is realy confuisng Forex is popular business the trader is a step ahead of the rest of the pack. Because revenge tradingis one main reason for failure of a newbie. Its not a guarantee that a trader, however good he/she may be, will make profit each and every day. Losing days do occur and when one begins to accept this graciously,
this is the nature of trading of every financial section that some time we made profit and sometime we are losing ..but losing is not a great part of trading ..as much as we are getting experience then we can less our loss
if you do day trading 2 times a week, you can start with an amount less than 25,000.
25,000 is the minimum to avoid a day trading pattern.
My trades will not very mostly . I will lose 2 trades out of 10 . That is my winning ratio . I will get lostly only US holidays due to bad market movement . My strategy accuracy is more than 90% .
that each day in forex is a new adventure and every time there is something new to learn and we really need to be very much focused and also need to be having a nice trading plan and we should keep on learning every day in forex
So far i dont think i am an expert here, so all days are not making me profit, there are days i get big losses but there are days giving me moderate profit as well. But like others i am not satisfied with current performance and shall be walking on the path to excel. my trades will not vary mostly. i will lose 2 trades out of 10. that is is my winning ratio. i will get lostly only US holidays due to bad market movement. my strategy accuracy is more than 90%
Yes result of our daily trading varies day to day, whatever strategy, method we adopt we can not get the same result daily because the Forex market is very dynamic in nature. I some times make little profit and sometimes go without profit up to a week.
my trades goes someday to loses and someday to profit ,but i count monthly profit, every month i made at least good profit, i don't use all my capitals in one trade i keep them for bad times so i always get profit at the end of the month .you will get loss and profit forex trading.
if we want that our tradings, should be good then it is needed that we should try to learn the forex day by day... and sometimes we can make the more mistakes in forex and we may lose the more money in forex.. just because we do not know how to enter in the market and when to leave the market so this is the bad time to do the tradings..