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Hi Guys, i am new to forex trading. Any tips what to do or what NOT to do please let me know your advice. Experience is key, i am here to gain knowledge from you lot and share trading tips Molly x
Take screenshots of failed trades to see if there may have been a different way you could have gone about it, or to study it later on
What I find very useful is some Youtube videos that make sense of things and also some articles. Check out the following
- Trading with Rayner Teo, you will find his youtube video
- Learn to trade the market by Nial Fuller
I have found these two to be extremely helpful
When it comes to trade, don't risk anymore than 1% of what you can afford to lose in total.
Once you can prove to be profitable with a small amount of money, apply that with a larger amount of money, so on and so forth.
I welcome you to the world of forex. I am sure that if you have a good work-ethic and determination, you will be successful in it. I will urge you to do demo account trading as much as you can. It will help you in the future and will definitely prevent losses that could disheart you.
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