Best tips and tricks

Have defined entries, exits, and risk management strategies in your trading plan. Also, time management is important.

 

Funny though, but you just succeeded in telling us to be ourselves in the market and do whatever works best for us because no one can do it for us. Very wise and timely tips, and in addition to that we should never make the mistake of letting our emotions control us.

 

Learn that being confident is a good thing. Mind you, I don't mean arrogantly confident. It's fine to have faith in your decisions, but those decisions must be based on what you see on the charts, not what you want the market to do.

 

Develop skills, adapt and update yourself with the changing market. Be patient and consistent.

 

Signal generation is possible for you when you have good knowledge of market analysis. Without pure trading signal, traders shouldn’t take much risk.

 

No matter where you trade, diverse trading strategies and tactics apply depending on market volatility. So Keep your fundamentals solid and then execute trade with consistent practice.

 

thats true but as a new forex trader that is really difficult to maintain consistence patience.

 

Scalping, which focuses on smaller market movements, appeals to me.

 

How long have you been trading ?

 

Scalping can be really profitable but I’d not suggest beginners to scalp due to the risks involved. Scalping is an aggressive form of trading which requires trading experience and a good trading psychology.