Forex is big bussines in the world, it has over trillion dollar daily trading volume. Even we have big opportunity there, but there is a true fact that only 10 % people win in this game and the other is looser. So how to win this game???, let's read this :
First, You must have a trading journal, this is very important, I have learned that being a successfull trader is not about finding a holygrail of an indicators that can forecast market movement 100%, but instead to develop a discipline.
Second, You must have trading strategies, the rule to entry and exit point. You must know when the market is trending or ranging. I simply use ADX at 1 hour chart to determine this.
Third, is money management, this is the most important in trading forex. Never risk more than 2% of your account balance on any one trade and limit your losses.
The last is keep your profit run, don't fear or greed, use trailing stop to maximize your profit. If you losses, learn from your mistakes and keep a trading journal.
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