How to control the lose , as a newbie?

Question

Derrick · Accepted Answer

The first thing you need to do is learn about certain aspects of forex trading. You are wrong if you think forex traders have it easy. To gain knowledge, nothing beats live trading sessions, but in order not to lose money fast, you need to understand the forex markets, economic factors that drive currencies, and geographical-political factors that influence currencies.Every trader makes mistakes. Traders, however, face big problems when they make mistakes repeatedly. Therefore, they should avoid making mistakes. Trading actions should be done accurately in order to avoid a big loss.To make profits, newcomers need to set the right goals. You must set an achievable goal if you want to achieve the right results. Impractical goals are set by many traders. As a result, they are unable to reach their goals. It is better to start trading with a small account and learn the basics first. Don't try to shortcut the process because it will never work. Therefore, you should set a long-term goal that will help you succeed in the market.In the Forex market, you can make huge profits if you act smartly. To earn money, you must manage profitable deals. For this, you have to maintain discipline. If you fail to keep the discipline, you can't handle the situation.

Ryan · Answer

Forex is a very flexible market, so if you can act smartly, you can make huge profits. To earn money, you must manage profitable deals. You must maintain discipline in order to accomplish this. You can't handle a situation if you don't maintain discipline. Maintaining discipline is key to making the right decisions. Unless you do so, you will make mistakes and fail to achieve your goal. Your discipline will help you to succeed in the market. However, you cannot avoid the loss forever.  But you will get the chance to regain your money. So, you should wait for the right time to act so that you can recover your losses.

Ross · Answer

Knowing your limits is crucial to your future success. Ensure that you set your leverage ratio in accordance with your needs, and never risk more than you can afford to lose on each trade. It is inevitable that traders will lose money, but if you maintain a positive edge, you have a better chance of winning. Making a trading plan and educating yourself is good, but sticking to that plan with patience and discipline is the real challenge.

How to control the lose , as a newbie?

6 Answer

6 Answer

How to control the lose , as a newbie?

6 Answer

6 Answer

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