zekeriya_gann answered the question Here is a list of tips that may help you make a profit from Forex:

Here is a list of tips that may help you make a profit from Forex:

Let go of your expectations Develop a risk management plan Choose the trading strategy you want Make sure it has strict conditions for entering and exiting trades Test it until you trust it Stick with it, and remember that it has been proven profitable in my tests Do not over-trade under any circumstances Record everything in a diary to analyze your trades Measure long-term progress, rather than short-term success or failure Use a feature-rich trading platform to enhance your trading decisions Remember that the short term is not important. What happens in the medium and long term is what we should focus on. Final tip - try not to slouch when trading. Research suggests that people who slouch are less advanced at solving logical problems than those who sit upright. Success in the world of trading requires ambition, hard work and perseverance. The path to success and profit from trading is paved with sweat resulting from oil and fatigue. Whether you're just starting out or you've been starting for a while. You still have time to discover the matter and face new challenges that will gain you the strength, perseverance, and patience to finally make a profit from Forex. Every challenge you overcome takes you one step closer to your ultimate goal of profit.

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Trading is a game of risks and returns, and success in it depends on your ability to maintain a balance between risks and profits. The question that comes to the mind of a novice trader is how much will I profit from entering this deal, and here lies the problem to preserve capital and develop a successful strategy. 1 Determine the percentage of money that your capital bears in value. The best portfolio percentage is 5 to 10% because it can be compensated immediately in the event of a loss. An illustrative example. Suppose we have a portfolio worth $1000. The maximum loss is $50 to $100. Distribute the 10% loss percentage over 5 trades so that you have 2% for each trade.

Last updated: 11/01/2023 09:49

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