Dear #trader, in this thread you will find things you should know before joining the #ForexMarket .
Because #futures & #commodities can be highly unpredictable - often swinging dramatically - it is not suitable for all #investors.
Before starting, consider:
1-
Because #futures & #commodities can be highly unpredictable - often swinging dramatically - it is not suitable for all #investors.
Before starting, consider:
1-
• #financial experience
• #investment goals
• #risk tolerance
• Financial resources
For successful #trading result,you should consider the following tips:
• You shouldn't speculate with #capital that you can't afford to lose
• Find a fully regulated financial #broker
2-
• #investment goals
• #risk tolerance
• Financial resources
For successful #trading result,you should consider the following tips:
• You shouldn't speculate with #capital that you can't afford to lose
• Find a fully regulated financial #broker
2-
• Take your time to watch & learn #technical analysis, instrument history including (important support and resistance points) before you open any position.
• Use a low #Leverage , for example ( 1 lot value for 10k $) as maximum.
• Never think to be #rich very fast.
4-
• Use a low #Leverage , for example ( 1 lot value for 10k $) as maximum.
• Never think to be #rich very fast.
4-
• Use "stop loss" for all your position.
• Don't ever challenge the #market , if you see an instrument falling strongly don't buy it immediately as it might continue to fall more, & vice versa.
• Cut your losses on the right time and never wait for a correction
5 -
• Don't ever challenge the #market , if you see an instrument falling strongly don't buy it immediately as it might continue to fall more, & vice versa.
• Cut your losses on the right time and never wait for a correction
5 -
• Set a monthly profits target, and withdraw profits weekly.
• Don't borrow money to join forex, and never motivate any of your friends, or family members to trade, specially if they have no idea about how it works. Because you might damage their life.
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• Don't borrow money to join forex, and never motivate any of your friends, or family members to trade, specially if they have no idea about how it works. Because you might damage their life.
7-
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