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In decision making it’s not about what leverage is the best but you can handle your emotion. Learn to control your emotions with a live account with a small investment. In my case, I learn with the help of my broker Eurotrader guide. The broker also gives the best trading services including a minimum deposit 50$ in the micro account, leverage up to 1:500, and many more
Trading without any loss is quite impossible in forex market. Not only new traders but also pro traders bear the losses in this market. If you want to trade without any loss, you can try demo account. In there, you will loss only the profit you earned by that demo account. You can reduce your loss by your brain and trading strategy.
Reducing the loss and making profit should be your goal as a trader. Your broker can help you to achieve this goal. I use TP Global FX. They are so good and helpful. In spite of that I have to face losses sometimes. But it is true that they help me very much to reduce my losses and help to make profit after having loss.
Traders can learn a lot from the existing forex forums so that in the future their abilities and insights will increase and be reliable, and we must be smart in choosing the best broker so that our trading can be comfortable and safe. Many brokers are less trusted like Justforex brokers
Traders should develop a habit of being consistent with their trading rules. Sometimes, the most profitable trading strategy doesn't work as expected. So, traders should stop trading and change the trading rules as well as started improving their strategy after a few losing months. As a trader, I am trading with Forex4you. I always test my trading strategy in a demo account, which my broker provides freely.
a trading plan must indeed be owned by a trader, this is used so that traders can become better and can be more leverage in managing existing funds and risks better than before.
Traders use the indicator to review charts and making decisions to predict future price action. There are many types of indicator which is used for a different purpose. Learn about the indicator before using it. Keep in mind that, don’t use more than one from each category of indicator to avoid unnecessary signals and distracting. As for me, my broker Tpglobalfx offer all kind of indicator to their platforms. This is the best broker I have ever seen. They always help me to make consistent profit from this market. Thery are very reliable. They provide 24/5 customer support to their clients.
The selection of the existing broker must be able to be considered carefully, this is useful so that traders can become better and can be maximized in getting the security and comfort of trading while on a real account with Tickmill.
Apologies for reviving this thread, but I wanted to say that managing emotions and making informed decisions are crucial when it comes to investing. It's a skill that can greatly impact our success in the long run. It's important to weigh the risks and do thorough research. On a different note, I’d like to mention that I often hesitate when it comes to everyday choices. However, I recently stumbled upon a fantastic coin flip simulator at https://flipsimu.com/. It's a fun tool that helps me make decisions in those moments of strong doubt. It takes some of the pressure off and adds a bit of playfulness to the process.
In running this forex business which is not an instant thing, where we are obliged to always keep trying there are stages of the learning process carried out to make us able to trade on real accounts later with the Freshforex broker maximum results can be obtained
You're absolutely right. Forex trading is not an easy and instant endeavor. Everything involves a process and takes time. Therefore, I personally engage in learning and training. By doing all of this, I can understand and execute trading to the fullest potential.