based on the direction of the trend. 3. Support and resistance levels: Support and resistance levels are price levels at which a currency pair tends to stop moving in a particular direction. Support ...
risk. 5. Practice risk management: Implement proper risk management techniques, such as setting stop-loss orders and not risking more than a certain percentage of your trading account on any single t...
It is important to accept losses as a part of trading and stick to your trading plan. 8. Trading without proper education and practice: Forex trading is complex and requires knowledge, skills, and ex...
plan and avoid emotional decision-making. Forex trading can be unpredictable, so having a disciplined approach is essential for long-term success. By following these steps and continuously refining y...
One of the most important aspects of successful trading is managing risk. Make sure to use stop-loss orders to protect your capital and never risk more than you can afford to lose on a single trade. ...
2024-08-28 00:36:04