How I ended up wash my account ,Forex Trading

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Avatar for Syed-Akash
3 years ago

I'm learning forex trading for around 2 years now. It was a tough journey , I have lost my complete investment two times. Forex trading is not an easy business you learn it before diving into it. If you start it without any knowledge maybe you can get profit in 2 or 3 trades but in the end your account will be washed.

Now I am able to understand the market and to predict the next move of the market. I kept practicing on demo account till now to achieve this accuracy.

The things which I learn in these 2 years experience are :

1-Never invest the money which you can't loose.

2-Never risk your all investment in one trade.

3-Analyze the market, open your order then keep patience.

4-Always use TP and Sl.

5-Don't do revenge trading to cover your loss, in this case you will loss all your amount

And the most important thing always use a proper money management plan.

Hopefully this helpout the new traders who are thinking to get a start in forex trading.

Thanks

Akash Mazhar

1
$ 0.00

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