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  1. #1
    Top Asia Forex Broker Rev
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    Lightbulb 7 Forex Trading Rules That You Have To Follow in 2021


    Someone once said, "The key is to develop a case where the probabilities of the market going in your favour is greater than it going against you."

    Obviously, it's true. But why losing our capital depending on our old thoughts of trading. Let's make the change. Let's follow some rules and make money in 2021--


    • When Forex moves, you move


    In forex, gains may turn into losses in a matter of minutes. This is why; you need to learn how to protect yourself.
    Let’s face it: There is nothing worse than watching your trade be up 30 points one minute, only to see it completely reverse a short while later and take out your stop 40 points lower.
    You have to act fast – as fast as the markets.


    • Fewer emotions, more logic


    Traders who cannot control their emotions will rarely make any successful trades and will quickly join the 95% of traders who lose money consistently.
    Try to control the fear, the excitement, and the adrenaline. Relax and think logically no matter if you are winning or losing.


    • Technical and fundamental analysis go hand in hand


    Don’t separate them, because both technical and fundamental analysis
    can give you an idea of where the markets could be headed.
    Fundamentals are good at dictating the broad themes in the market that can last for weeks, months, or even years. Technical can change quickly and are useful for identifying specific entry and exit levels.


    • Keep a balance – always pair strong with weak


    When a strong army is positioned against a weak army, the odds are heavily skewed toward the strong army winning. This is the way you should approach trading. Keep the balance and the odds in your favor.


    • Being right and early means you are wrong


    In Forex, it’s all about the timing. If the price action moves against you, even if the reasons for your trade remain valid, trust your eyes, respect the market and take a modest stop. In the currency market, being right and being early is the same as being wrong. Remember, when the markets move, you move but together.


    • Don't Add to Losing Positions


    The difference between adding to a loser and scaling in is your initial intent before you place the trade. Adding to a losing position that has gone beyond the point of your original risk is the wrong way to trade. There are, however, times when adding to a losing position is the right way to trade.
    For example, if your ultimate goal is to buy a 100,000 lot, and you establish a position in clips of 10,000 lots to get a better average price, this type of strategy is known as scaling in.


    • Hope for the best and prepare for the worst


    Before taking a trade, you need to figure out what the worst-case scenario is and place your stop based on a monetary or technical level. Every trade, no matter how certain you are of its outcome, is an educated guess. Nothing is certain in trading. Reward, on the other hand, is unknown. When a currency moves, the move can be huge or small.

    WOW! Amazing tips, right?

    You are damn right. But side by side, you are lacking in getting a proper roadmap of trading. I found Pipswin is a great trading consultant with providing reliable market predictions. Around 85% success rate they belong. So, I rely on their dependability.

    Thanks!
    Discover one of the leading Forex trading platform - AssetsFX

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  3. #2
    Senior Investor itu's Avatar
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    Easier said than done.




    Profits from games of knowledge: https://www.predictmag.com/
    Trade Forex, stocks, commodities, indices and cryptos with us: https://www.instaforex.com/en/index.php?x=LYZG

  4. #3
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    Forex is a risky business. If you have no proper knowledge about forex then there's less chance of earning money from the forex market. The first and most important thing before start trading is to gain proper knowledge about forex. I always try to gain more knowledge. My broker Forex4you helps me a lot. They are very helpful. They never make disappointment to their client. They are really one of the best brokers I have ever worked.

  5. #4
    Senior Investor maspluto's Avatar
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    the risks that exist must be managed properly, this is done so that traders can be maximized in getting the security and comfort of trading with Tickmill and can get rewards of $ 1000.

  6. #5
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    Forex broker help trader to earn maximum profits from forex market. If you want to start trading then you should choose a reliable broker first. If you trade with a scam broker then there’s less chance of earning profits from the forex market. Selecting a reliable broker is not an easy task though. My broker Tpglobalfx is very helpful and reliable. They never make disappointment to their client. They are one of the best brokers I have ever worked.

  7. #6
    Senior Investor maspluto's Avatar
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    The selection of the existing broker must be able to be considered carefully, this is done so that traders can be more leverage in getting the security and comfort of trading together with Tickmill.

  8. #7
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    Making good profit from Forex trading is just the difficult thing in the world, though more than thousands of Forex traders are still very interested on making profit by doing Forex trading. Yes, it is possible of becoming rich even by doing Forex trading, but try to follow the proper rules of Forex business.

    As a trader I select TP Global FX trading Company as because they are very active for providing customer service without any error. They firstly give free training course so that the newcomers can easily learn and become well- educated of the Forex market. For making good profit their high trading leverage facility from 1:500 and low zero spread are very much efficient. Now I am earning good money.

  9. #8
    Senior Investor maspluto's Avatar
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    in forex it will never be instant, so it is important for traders to be better and can be more leverage in getting security and comfort like what I got from Tickmill to be a trader of the month.

  10. #9
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    Due to more profits in forex lots of people are choosing forex business. So to do better business investors must follow daily updates and rules. On the contray, a ton of brokers can be seen in the world but all brokers are not reliable and trustworthy. Hence, before investing traders should practice more and choose a better broker where they can get more privacy and security.

  11. #10
    Senior Investor maspluto's Avatar
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    The selection of the existing broker must be able to be considered carefully, this is done so that traders can become more leverage in surviving and becoming a trader of the month with Tickmill.

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