Trading Tips for beginners

[trev0303]

Never risk more than 2% of your initial deposit
Follow the trend
Do not over trade
Do not want revenge from the market
Do not force the market to move your way but instead follow the market
Understand the market maker model

 

[Godwin Bupo]

Never risk more than 2% of your initial deposit
Follow the trend
Do not over trade
Do not want revenge from the market
Do not force the market to move your way but instead follow the market
Understand the market maker model

Please can you explain the third and last points a little more? What do you mean by Over Trade? Also what does the market maker model mean?

 

[AayushiShah]

Top tips for forex trading - Beginners

#1 Find the "proper" broker.

• A well-known name in the currency industry with decades of experience.
• SEBI has granted permission to conduct FX trading services.
• Don't be afraid to compliment your trading approach.
• High leverage ratios are available.
• Spreads and brokerage fees are reduced.
• Provide lightning-fast forex trading 24 hours a day, 7 days a week.

#2 Make a strategy:
The importance of strategy cannot be overstated. The following items must be included in the game plan:

• What are your objectives for the trading session?
• In this trading session, what trading technique will you use?
• What are your financial objectives?
• What is your stop-loss strategy?
• What is your level of risk tolerance?

#3 Study the market and understand the conditions.
#4 Practice makes perfect: Practice your trading strategies.
#5 Use a variety of trading tactics.
#6 Begin small and gradually increase your position size.
#7 Maintain a strict stop-loss order.
#8 You can't always win: Allow yourself to fail.
#9 SWOT analysis: Self-reflect and educate
#10: Invest time in learning about technical analysis.