In general, fear for forex is a very bad character trait. It will be superfluous. We need a system analysis that will show all the risks. And fear can only aggravate everything.
Buying power stop, to force quit trading on a bad day. Trend following with multi time frames. Sizing price target and stop loss to fit within the daily average true range. MetaTrader platform creating a trading robot.
Good thread. To avoid overtrading, memorize and focus on trading 1 top setup Trade very small size with very cheap stops Look for opportunities in related pairs Expect to take more stops than wins, use scaling to leverage winners
To be successful in Forex, you always give your maximum to it. Learn it first and then think about making a good profit. Always do hard work which will be helpful to become a good trader.
The very first step to become a good trader is to practice a lot before you start trading with real money. Be passionate about what you are doing and keep a constant knowlegde of what is happening in forex market. Play safe but at the same time try to take some risk because risks turn into profits.
In general, it is quite difficult to say who can be considered a successful trader. And if an experienced trader after a few profitable trades turns out so that the transaction will be unsuccessful?