Learn the Secrets - Forex & Financial Markets “The Legal Casino”by SHARIEF NAJJAR Trading Expert - Forex Financial Markets
Investment opportunities in the Forex & Financial Markets are risky, and some are better than others. The Forex & Financial markets are the world’s largest business & trading markets. Please review these tips if you would like to make the most of a successful opportunity.
Actually the most important advice you should consider before starting your Invest “No One Will Teach You For Free”
No one will teach you their successful Trading Strategies or their Forex Secrets for free, especially if they are real successful traders or profitable advisers, also don’t believe on automated trading programs, education materials or any Signals providers with low cost and cheap fees.
So you need to learn everything in the Forex Trading by yourself through daily practicing and learning until you find the successful strategies and indicators which matching your investment goals.
Practicing something helps you get better at it. You can get used to the real market conditions without risking any real money. You can get extra training by going through deep research for the most famous indicators and Chart Studies. It can take 10 years of studying and not less than 3 years until you become a successful trader.
Furthermore, Forex and Financial Markets is not a place where all traders are going to make easy profit and this is the second advice.
Only about 10% of traders around the world can make stable profit all the time and 90% of traders will lose some or all their Portfolios at the end. This is the ugly truth you must believe in, which is why I called this market by “The Legal Casino”.
Patience is your Key Factor If you want to be a successful Forex trader. So you have to develop a good sense of patience, because profiting in Forex Trading doesn’t come from trading more often, but by profitable trades. The best trades aren’t available every hour or even every day, so sometimes you might have to wait for days or even weeks to find a Guaranteed & Accurate Forex Signals.
“Don’t put all of your eggs in one Basket”
The Portfolio always needs a variety of different options in it, so be sure that you always open different positions with different instruments based on the market. There are Forex traders who always open the same positions or just trading same instruments and pairs all the time. Learn to adjust your trading accordingly for any chance of success to minimize the risk and maximize the profit.
Don’t be greedy and do not fight the market, learn to keep your emotions and trading completely separate, removing emotions from your Trading decisions is vital to your success as a Forex trader. This will reduce your risk level on your Funds and prevent you from making poor decisions, you should make your best effort to keep controlling your emotions out of your decision making.
You can’t expect to win every single time, accept failures as they come and don’t over-react when you lose.
Over Confidence is the main “Enemy” in this tricky market, you should respect the market and don’t act as a hero otherwise it will be the beginning of the end of your Investment & Funds.
Created on Jan 19th 2019 09:38. Viewed 586 times.