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- Forex Trading Abbreviations and Trading Terms
- Do’s and don’ts of trading forex
- Forex Market Timing - Dos & Don'ts
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Forex Trading Abbreviations and Trading Terms
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You must be logged in to post a comment. Skip to content. Without a plan, trading may also be considered gambling. Do your own research Knowledge is power so make sure you do some reading on the current market trends and political situation that may affect the currency in certain countries.
Do’s and don’ts of trading forex
Have Patience! Set A Goal Set yourself a target of how much you are willing to lose. Do not let your emotions take over. Also, Do not fall into the trap of revenge trading Once you have reached your profit target, take it.
Do not use the money you can not afford to lose! It goes without saying, only invest capital that you can afford to lose! Trade should be taken seriously.
With the right mix of analysis and research, Forex trading can be a lucrative side income earner. Do not turn a trade into gambling and staying within budget parameters.
Forex Market Timing - Dos & Don'ts
Good luck! Your number one goal in trading forex should always be to break even. Become aggressive, sure, but only until you reach a certain point.
This is one of the most important parts of trading forex. More or less, these people are also banking on assumptions. There is never any certainty when it comes to trading forex, so stop basing your decisions on rumours and hearsay. Other traders used borrow money as their capital.
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The trading of forex is to always, always use money you can afford to lose. As with any other investment, once you put your capital into an asset, you should already consider your money gone. Using borrowed money as your capital is pretty much the same as gambling, so invest at your own risk.
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After a loss, simply walk away from the portal for a while by closing down your browser. Industry-leading all-asset class electronic trading solutions that enable buy-side traders to meet today's market structure challenges. Request a Demo. It puts what you need on your screen, customized the way you need it.
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