Dear me,
Don't get frustrated just yet. Things could be better.
Currency trading can be for everybody. It's just the matter of understanding how the currency pair breath with each other. Carefully analysing the trends is crucial. For a beginner like you, it's better to focus on two or less currency pairs. Also, use simple indicators until you understand other ways to read the chart. The next thing is, risk only what you are willing to risk. Once you lost it, you lost it. Take control your emotion. Take profit at 20 pips and don't get greedy. Stick on your target of 20 pips a day, don't, DON'T get greedy. It's always good to practice on demo account. Trade on live account only when you are very confident and all your indicators are indicating it's the right time to make profit. Otherwise, don't risk it. Trust your indicators. Trading without knowing what you are doing is no different than gambling.
The last thing is, remember that we are not gambling here darling, we call it trading. It's for smart people, not for the you-know-what people.
Keep that in mind. Success comes through erudition, not falling from the sky. Read more, ask more, practice more.
Keep positive!
Don't get frustrated just yet. Things could be better.
Currency trading can be for everybody. It's just the matter of understanding how the currency pair breath with each other. Carefully analysing the trends is crucial. For a beginner like you, it's better to focus on two or less currency pairs. Also, use simple indicators until you understand other ways to read the chart. The next thing is, risk only what you are willing to risk. Once you lost it, you lost it. Take control your emotion. Take profit at 20 pips and don't get greedy. Stick on your target of 20 pips a day, don't, DON'T get greedy. It's always good to practice on demo account. Trade on live account only when you are very confident and all your indicators are indicating it's the right time to make profit. Otherwise, don't risk it. Trust your indicators. Trading without knowing what you are doing is no different than gambling.
The last thing is, remember that we are not gambling here darling, we call it trading. It's for smart people, not for the you-know-what people.
Keep that in mind. Success comes through erudition, not falling from the sky. Read more, ask more, practice more.
Keep positive!
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