Community Forex Questions
Tips for good trading
1. Trade at your own risk - Investing, gambling, and trading can be compared because you are not certain that you will win, so expect that both you and your money may be at risk.
2. Limit your budget - You should limit your trading budget to the extra money you have available, rather than spending it on some other thing, you may use it for trading, at least you made something for it.
3. There are many people who have suffered from being greedy, they tend to spend all their money because they think that there is still more money to be made, but instead of earning they have lost it. TRADE WHEN TO STOP AND WHEN TO CONTINUE.
4. Learn from your own mistake - Instead of being upset about losing, think about why you lost and devise some strategies to overcome it.
2. Limit your budget - You should limit your trading budget to the extra money you have available, rather than spending it on some other thing, you may use it for trading, at least you made something for it.
3. There are many people who have suffered from being greedy, they tend to spend all their money because they think that there is still more money to be made, but instead of earning they have lost it. TRADE WHEN TO STOP AND WHEN TO CONTINUE.
4. Learn from your own mistake - Instead of being upset about losing, think about why you lost and devise some strategies to overcome it.
Mar 17, 2022 08:03