How to maximize profit?

<p>Support and Resistance DEFINITELY work IF you are trading with the professional side and not against it. AND if you set your stop losses correctly. Most retail traders are taught to set stop losses improperly and do not realize that they are doing stop loss placement entirely wrong. That is a topic for another time. But truly, stop losses, IF appropriately place with the correct order type do work excellently</p>

<p><br>It depends in which segment you are making trades. Either it's stock option or Index option, focus on quantity and that's all. Stock options are having more quantity in comparison with index so choose wisely and also don't blow your account in single day like me. So trade according to your capital and earn profit consistently and be happy with your trades. Make rules for both, profit or loss. If hits your day profit close the system, if loss do the same.</p>

<p id="isPasted">A practice account sometimes called a simulated account or demo account, is available on almost all trading platforms, allowing traders to place hypothetical trades without funding their accounts. Practicing order entry is one of the most important benefits of a practice account.&nbsp;</p><p>A forex trader may be tempted to take advantage of all the technical analysis tools provided by the trading platform once he or she opens an account. Although many of these indicators are well-suited to forex markets, it is important to keep analysis techniques to a minimum in order to make them effective. Multiple indicators of the same type, such as two volatility indicators or two oscillators, can become redundant and even give contradictory signals. The use of this method should be avoided.</p><p>It may be time to move from practice to live trading once a trader has done their homework, played with a practice account, and developed a trading plan. There is no way to simulate real trading exactly with practice trading. When going live, it is crucial to start small.</p><p>Forex traders are attracted to the market due to its low account requirements, round-the-clock trading, and high leverage. It is challenging and can take a long time to achieve success in forex trading, but it can be extremely profitable and rewarding when approached as a business.&nbsp;</p>

<p id="isPasted">A trader can improve his or her chances of achieving consistent profits in Forex in several ways. The first step for traders is to determine their trading style and strategy. To build some confidence and experience, they need to backtest this method using the past market performance as well as test it on the demo accounts.</p><p>To achieve this goal, it is also important to set a realistic profit target and a proper risk/reward ratio. In terms of proper money management, traders should avoid over-leveraging their positions or investing more than 5% of their capital.&nbsp;</p><p>It's also helpful to keep a trade journal since it allows you to learn from past mistakes and track past performance.</p><p>Last but not least, traders might be able to make better trading decisions if they research fundamental indicators and economic announcements regularly.</p>

<p id="isPasted">If you are Muslim, you can trade without spreads. Even if you are not a Muslim, some brokers offer Islamic accounts with no commission.</p><p>It's a bit difficult because most will need your documents. However, it depends on how good the support is.&nbsp;</p><p>Since there are no legal ways to get rid of commissions, I cannot advise you further. The brokerage industry is not a charitable organization. While they want to earn, if they make all accounts commission-free, they will earn nothing. It's a fact.</p>