Hi traders, who are yet make their breakthrough in their trading , I have share my journey from on How I made over 500% in just 10 months .
I have shared the important ingredients that are needed for Successful forex trading from my own perspective.
1. Throw away indicator based trading.
2. Know how to mark S/R and S/D zones.
3.Know about Trends and Stop hunting.
4.Know about fundamental a little. (No need to be expert on fundamentals)
5.Risk Management ( How to use hedging in forex trading instead of Stoploss )
I will try to explain each one in detail in the following post. If you know all the above in details there is nothing stopping you from earning in all markets, trending, ranging etc. I dont believe in using demo trading account, it can be useful in the initial days to know how a mt4 platform works, after that not much, Always try your method with a small live account, Once you have tripled your account with your strategy then deposit the required amount and start your normal trading, Trying in demo trading will increase your learning curve , once your successful strategy in demo may fail in live not because of the strategy because of the emotions that is attached with live trading. So it is best to try with small live account.
Have a nice day!!
I have shared the important ingredients that are needed for Successful forex trading from my own perspective.
1. Throw away indicator based trading.
2. Know how to mark S/R and S/D zones.
3.Know about Trends and Stop hunting.
4.Know about fundamental a little. (No need to be expert on fundamentals)
5.Risk Management ( How to use hedging in forex trading instead of Stoploss )
I will try to explain each one in detail in the following post. If you know all the above in details there is nothing stopping you from earning in all markets, trending, ranging etc. I dont believe in using demo trading account, it can be useful in the initial days to know how a mt4 platform works, after that not much, Always try your method with a small live account, Once you have tripled your account with your strategy then deposit the required amount and start your normal trading, Trying in demo trading will increase your learning curve , once your successful strategy in demo may fail in live not because of the strategy because of the emotions that is attached with live trading. So it is best to try with small live account.
Have a nice day!!
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