Elyas

to be able to live from forex trading is very difficult. and only a few people can get to that stage and it is evident that over 90% of traders lose their money because they can not survive. trading for living is still just a dream of most people. it takes hard work and a very long time to be able to live from forex

fear will hit a trader if his account has just hit the MC or suffered huge losses. so to start opening a new position again arises fear and inner doubts within him that make it difficult to make decisions. doubts that we must minimize with accurate analysis and accompanied by money management in order to remain safe even if our position and direction of our trading is wrong

which makes one trader better than the other is the level of understanding and knowledge of the trader and his experience. the more understanding and knowledge of forex trading including the risk it will make traders better. and knowledge is not just a theory but it can be practiced in trading whose output is consistent profit

the most important of all is money management. we must be able to adjust our capital to the risks we take so that large capital with measured risk, and small capital with little risk. not a small capital with a big risk so that if the movement of a few pips alone can make our account suffered huge losses and to restore it will be difficult and takes a long time

stop loss is very important to keep and secure our account because at any time could be very moving price is extraordinary and we do not have time to secure our account and finally can make our account hit by MC and this became one big disaster for traders. but we also must be wise to place a stop loss because if too often our stop loss are touched then we will also lose

trading without emotion is very difficult because almost every circumstance and conditions that we face always involves emotions. either when we experience a loss or gain a profit. same as giving emotional response. for example we get profit 10% of capital then we will jump jubilant and vice versa once we big loss, then we will be sad

most people see forex from one side only that can get big profits and also in a short time and finally make forex as gambling and make a bet between life or death, profit or loss big even go bankrupt. and this is the wrong mindset that is owned by most people who are new to forex and also who have been involved in forex trading

before we dive into the world of forex that by using real capital we must understand first that forex is not easy business and guarantee our income continuously because today we can profit tomorrow can lose even run out all the capital in our account that we call as a margin call. after we understand the risks, then we will prepare ourselves, including training to maintain our capital in an account demo first before entering into a real account

although metatrader 5 has been introduced by many forex brokers and long circulating in the market still up to now the more popular and commonly used metatrader 4. considering the indicator that appears and sold on the internet was more based on metatrader 4 and the availability of indicators and robots EA even in metatrader 4 still more

if you want to be a successful trader in trading it is not easy and should be followed by hard work and hard effort as well. it is not easy to become a successful trader. cost and effort is great to be successful. there is no shortcut for successful trading. should start from a small thing

we do not look down on demo account because in demo account we can practice and get many lessons. including managing the capital in our account. maintaining our account for up to 3 months indicates that we have a chance to stay in the real account for a long time

if trading is easy must have a lot of traders who become rich and it until now rarely we find there are traders who suddenly suddenly become rich. step by step must be lived and can not jump and instant instantly because in trading there is no instant. that instant is just a way to lose our money in a very fast time

if we are trading without preparation it is the same as when we sail without direction and purpose. as well as trading, preparation is necessary. things that are prepared it could be our entry the right way, the right time for the entry and pair what we will be trading, not arbitrary entry sell or buy

even even world-class traders have never experienced losses and this is what we often forget because hope in the fast we can get a lot of results. we hope our money will multiply just because they want to be like those who have a lot of money. we forget that forex is the most risky business. we can lose our money in quick time

specifically for a dealer brokers usually expect our losses and that is their business and try to make us lose. and if we lose they will get a profit. they are a type of broker market maker. and we have to do is we have to evaluate the extent of our trading ability so far. if we lose more often than the profit means our trading ability is still low