To be a successful trader is more than having big capital to invest, because if you invest big capital without knowing how you loss it in a moment. The more you realize it, the better are your chances of making big money in global forex trading throughout my years I learned a lot of things that makes me a successful forex trader. Some of those things us what I want to discuss with you. I hope you take them with whole heart.
1) State of mind: - your mind, or the way you think is very important than your starting capital either you have $10, 000 or more. If you don't know some principle to follow when trading you loss all at once. For instance, you enter a trade when you should not have enter and you loss a lot of money, if care is not taking because of that lost you can enter into emotional problems and eventually loss every thing. But if you control yourself you can recover it in one or two trade having known how to do it. However, it will cause you fear to continue trading because you loss your money but I advice you to cast out fear and do the normal thing. You will smile at the end of the trade.
2) Buying & selling: - In forex market we learn how and when to but and sell. That is another important factor you have to pay attention to. I will tell you to sell the markets that show weakness that means if the market is weak don't think twice before you sell it and at the same time buy the market that is strong. If the market is saying "I am strong" Buy it and continue buying! For this reason, it will be good if you have a method of knowing s long term trends to go with each period of hours
3) Good & bad time of trading: - There are good days and bad days, there are good weeks and bad weeks, there are good time and bad time in the global forex trading. Don't allow the bad one weak you down when you encounter them in a trade. Learn to be strong, because many traders or four bad days you should know that its part of the business. Stay in there and manage your capital will be persistent and you come out smiling.
4) Top and bottoms technique: - don't try to look for absolute tops and bottoms. If you look for absolute tops and bottoms you can succeed once or twice but you will eventually loss it all if you want to get the top and the bottom at least use some sort of confirmation. "Don't just guess: is not the game of guessing. Develop a tool that will show you when to buy or sell and stick to it again I repeat don't guess.
5) Make it simple:- If you think that forex is hard to trade, then it will be hard for you. But if you think it is simple to trade, I tell you within short time you will be an expert in it. So make it easy and be among the unique traders that do and use a good trading method. I tell you that, you will be the next guru in Global forex trading. get more info click here. See you at the top
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