Yet all these skills to manage emotions and associated risks comes up with experience which requires time.
Learn to manage your risks. Trading is not just about taking risks to make money. It’s also about waiting for the right time to trade. Gain some market exposure with small amounts to come up with a strong trading strategy.
A successful trader is one who makes more winning trades than losing trades and good overall profits. A successful trader is a professional trader who befriends the market and knows the nitty-gritty of the market.
the successful trader knows how to manage money , this is their foremost element to survive in there with successfully.
Maybe we can read the success history of other big traders to get inspiration, almost them can work in forex trading with enthusiasts but are able to manage money very well, good quote on the day who take seriously they will get if we believe and confident reach the goal is higher possible.
Just stay true to all that you do in the market. You don’t make money easily and you better work hard to analyse the market properly so that you are also not losing more than you can afford to.
The key to success in the forex market is to focus on the currency pairs you trade when you have time and use strategies that do not require 24/7 monitoring. An automated trading platform may be the best way to achieve this, especially for new traders or traders with limited experience.