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I have been trading for a long time but I could have made a lot of profit in trading if I could have maintained Psychology properly. Proper money management and risk management help to get ahead in trading.
As a forex trader, it's almost inevitable that you'll go through some ups and downs. In order to become a successful forex trader, alertness and decisiveness are essential ingredients, and the ability to apply both of these skills while remaining emotionally and strategically rational will certainly prove useful in testing situations where things don't go exactly your way.
The biggest favour one can do for himself is to acquire SOUND and GOOD knowledge of how the markets work and what/who are the market movers, and also how to partake into those very markets and make gains with less risks.
You can make a profit by trading daily timeframe, but you need to be patient. Profits cannot be made without patience. So every trader has to give up greed and trade with patience.
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