.jpeg "Learn about forex trading reddit daily - fil-90")
how to profit from forex 2022 - fil-90
Forex trading is the biggest game in the world, with more than $1.5 trillion in daily volume (30 times the volume of all U.S. stock markets combined), there are winners and losers. Do you want to learn how to be a winner?
As with any game, knowing the rules is important to winning. You don't have to be a professional to play the sport, but you should have a basic understanding of the sport and how to play it.
Most of these can be learned for free from online brokerages, and they also provide you with free trading software so you can actually practice playing the game and gain confidence and skills before betting on real money
in the big leagues.
As with any sport, the most important thing you need to do is to practice before actually competing in the real game. I cannot stress it enough. Practice, practice, practice makes perfect. The only thing that will cost you is your time. When you think you're ready to play, start small. Most brokers allow you to start trading with a mini account as low as $300.
Now, what you've been waiting for, the secret to forex profit. You must have a trading strategy. In other words, you need to know what to look for and how to trade to make money. Establish a basic game plan that you will likely follow and never let your emotions dictate your trading. The first rule is to never risk more than 2% of your account balance in any trade.
This way, if you lose money in a row, your account will not be deleted. The second rule is that if you lose five times in a row, stop trading real money and go back to demo trading until you have at least one success a week. Only then can you return to trading with real money.
The third rule is to use strict trading rules, which must be followed under any circumstances, and do not trade wildly. If you protect your capital from huge risks, let it grow steadily. Instead of trying to make a lot of money in a short period of time, you can reasonably expect your account to grow by 10% or more every month.
Remember to have fun every day and learn a little bit more. This could turn into a lifelong career.