The importance of learning forex science before entering the market.
Many beginner forex traders who start enthusiastically. That’s because they are captivated by stories about big profits. And also big income like entrepreneurship, financially free, and lifestyle. In fact, illustrations of stories and media about the life of a true trader are only a far-reaching possibility for novice traders. Many lose part or all of their initial investment and experience success in a short time. And not many suffer losses for a long time. So you can avoid everything or at least not so bad you have to be committed to learning forex science.
Start forex trading with a demo account.
At first, you have to start by trying the forex demo account. This has been provided by your chosen forex broker. Almost all qualified brokers will offer a free demo account. Of course, without the obligation to use MT4 or other platforms and simulate the real trading market prices of good forex pairs. There is no rule how long a beginner trader must practice trading a demo account. It may take several weeks before you feel confident to enter the market in real terms.
Money management in forex trading
Besides practicing trading on the platform and finding a good trading system. Money management is the most basic element in trading success. Given the fact that all traders will definitely suffer losses in some trades during their trading careers. So the ability to control financial risk from each trading position will be very important. Of course for the survival of every new trader in forex trading
It is important to emphasize that even the world’s best trading strategy will fail over time if basic money management is not followed. This includes the use of reasonable stop loss to prevent price fluctuations. And also maintains a maximum risk exposure of 3% of the account value at each trading position. In addition, ensuring that every forex trade has a positive history. For example, ensuring that the profit target on a successful trade will always be at least equal to one unsuccessful trade.
Forex can make a profit or not depending on the ability and willingness of the trader itself.
Forex4Live is a highly accurate trading system at the moment.
You no longer need to hesitate to go into forex trading if you have a trading system that is proven to be consistent profit. By using the forex4live trading system, you can read the trend direction correctly. The indicator used is also not repainting, so you will get an alert when a BUY or SELL signal appears. This strategy has been published since 2011 and has been used by thousands of traders from all over the world. It’s time now that we hunt profit in forex trading with forex signals from forex4live.com