Top trading Advice for New trader

Top trading Advice for New trader

Jul 17, 2020
  1. Forex trading is not the place for quick money making place its same as other profession where one gives proper time to learn and implement it .

  2. Don't hop the strategy . Lets say i am following moving average cross over please learn more about it and try to fine tune it with some live trading on strategy .

  3. Don't over trade Initially try to minimise as much one can and attend lots of webinar and learn about candle charts and some technical tools Indicators like MACD, stochastic .

  4. Keep trading simple don't complicate it with so many indicators

  5. Finance your trading amount adequately like 300$ + Initially .

  6. Manage Risk to Reward Ratio with 1: 2 ( 1% loss vs 2-3% gain of total invested capital )

  7. Always plan entry and exit points when entering into any trades.

Thanks for your time

Happy Investing and Trading

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