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Recognizing your weakness


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No one is perfect in forex trading. Even expert traders lose money in the market. So it is better to recognize your mistake and learn from it. A trading journal is the best way to keep track of your mistakes. In my case, I maintain an electronic journal which my broker Eurotrader provides. It also offers 5 types of accounts including swap-free and micro-accounts.

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If the trading plan is the real tool that creates the edge, then, to become profitable, our success rate should be measured via the correct implementation of the trading plan. And it is the successful implementation of that plan which keeps the Forex trader focused on the sustainable edge.

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On 8/27/2021 at 8:09 AM, maspluto said:

The selection of the existing broker must be able to be considered properly, this is done so that traders can be more leverage in carrying out trading activities that are in line with expectations together with Tickmill.

When we are trading in the Forex markets we will need to use Successful Strategies.

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  • 1 year later...

Quantitative viewpoint over the market is twenty times more effective than technical analysis. World economy analysis is needed to catch the direction of Forex market. For technical analyzers, Eurotrader can be a perfect choice because the broker allows traders with all technical tools.

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  • 10 months later...

During this learning period, you should start Forex trading initially with a low capital. You should trade with a secure trading broker. FXOpulence offers high leverage and narrow trading spread in majority of their pairs. They offer some resourceful trading instruments including Indices1000, crypto500 and USD basket.

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  • 3 months later...

The way to a trader’s self-development is to find own weaknesses and work on them. LQDFX broker offer educational resources such as webinars, tutorials, and articles to help traders improve their skills and understanding of the markets.

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