9 Tricks Of The Successful Forex Trader
Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.
Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading. Step 3. Choose a methodology and then be consistent in its application. Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit. Step 5. Calculate your expectancy. Step 6. Focus on your trades and learn to love small losses. Step 7. Build positive feedback loops. Step 8. Perform weekend analysis. Step 9. Keep a printed record. Regards ufxmarkets |
I would add that try to avoid scalping, study properly over the weekends and then go long for trades
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You got so many points here, that's why i love reading your post. I also want to share a important tips for forex market. You should choose your account type carefully. The various types of accounts provided by can be confusing at first, but the general rule is that lower leverage is better. In the case you have a good understanding of leverage & trading in general, you can be satisfied with a standard account.
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all the 9 steps discussed above are correct to my knowledge and also they are useful
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Its right that if anybody wants to become successful trader then he should learn Forex Education and Forex Trading from any Forex Education Institution, and learn how to finalize successful strategies and analyzing.
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