can’t close the eyes

I can easily say that access in this world market place is easy. However I can’t close the eyes to the truth that survival can’t be easy since it is a challenging field of currency exchange and currencies change their values due to the economic changes around the world. A trader ought to try to get a hold on the acquaintance by means of the basic ideas of trading before he can initiate trading.

There are as many different trading strategies as there are traders and they are all valid. Successful traders choose a strategy that fits their temperament and that makes sense to them.

Electric Rainbow said:

There are as many different trading strategies as there are traders and they are all valid. Successful traders choose a strategy that fits their temperament and that makes sense to them.

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First, you need to find the right strategy in each period time. Market are not the same. One Indicator cannot fit well in each period time. It need to plan risk assessment before you enter and exit your position.

Having a well develop strategy with clear entering and exit levels including backup strategy in case that market move in other direction, is pre-requirement for every successful trade and trading activity. Almost all profitable traders have some sort of their own trading strategy.

Winning trades are allowed to run for as long as they are producing. Some traders do use limits, which means they have a specific profit target.

Only trading in a demo account is not enough. When we put real money, then we can develop a lot of skills otherwise not. Being happier gaining profits in demo account leads a beginner to start trade in an aggressive way which is very dangerous for future trading.

There is no free lunch on a Forex market. Everybody needs to do their homework without trying to escape any step in overall process. Start with learning, then make some trading strategy and plan, practice on demo, adjust plan if needed. When ready go to live account and repeat all previous steps