How to trade forex without blowing up account
Many people including me start as a gambler in forex trading and trade until they lose it all.
But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you)
-Maintain journal note book
-always enter target and SL or trailing SL in the system before entry itself to remove emotion from trading
-Don't get greedy and always have realistic targets
-Avoid overtrading
-Avoid trading during events unless you are sure
-Trust your system and instinct
-Remember you cant be rich in single day and treat trading as business
-Exit market after achieving target or SL
Guys I tried my best to add points I could recollect.
Add points if you have some in comment box
But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you)
-Maintain journal note book
-always enter target and SL or trailing SL in the system before entry itself to remove emotion from trading
-Don't get greedy and always have realistic targets
-Avoid overtrading
-Avoid trading during events unless you are sure
-Trust your system and instinct
-Remember you cant be rich in single day and treat trading as business
-Exit market after achieving target or SL
Guys I tried my best to add points I could recollect.
Add points if you have some in comment box
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.