🔰 FAHEEM QASIM FX TOP 3 TRADING PRINCIPLES 🔰
🟠 CONTROL YOUR EMOTIONS.
👨🏫 An unstable emotional state can hurt your reasoning. Learn to control your emotions and desires. Knowing how to control your emotions while trading can prove to be the difference between success and failure 🧓
🟣 LEARN FROM YOUR MISTAKES.
☘ Analysis and work on errors are one of the main components of successful trading. It is very important to be self-critical during the analysis losing positions. Understand why you lost, then you can avoid repeating these mistakes ✍
🟢 TAKE RISKS WITHIN REASONABLE LIMITS.
💠 Allocate for trading the money you and your family can afford to lose. Most people don't care about this , but this is basically the mother of trading. Without proper knowledge about Risk management, profitable trading is IMPOSSIBLE 💠
🎖: THE PATHWAY TO TRADING SUCCESS 🎖
---------- Post added at 09:50 PM ---------- Previous post was at 06:19 PM ----------
🔰 THREE MUST-HAVE METHODS OF MONEY MANAGEMENT IN THE FOREX MARKET 🔰
👱♂ Aligning trade transactions with profit and loss. This method is often called the construction of the pyramid (down or up) or direct and inverse approach. According to this method, the trader determines the trading volume after a successful profit 💠
👨🏫 Fixed amount at risk. This type is used when traders make a decision about how much money they can take after all signals to open a position ✍
📝 Lack of money management. This technique involves the usual method used by many traders. It consists of entering the market by one unit every time we give a signal 📌
🔰 MONEY MANAGEMENT IS VERY IMPORTANT IN FOREX TRADING AND CANNOT BE JUST ANOTHER PRINCIPLE YOU SCROLL PASS 🔰
---------- Post added 01-20-2021 at 11:45 AM ---------- Previous post was 01-19-2021 at 09:50 PM ----------
👱♂ A QUICK ADVICE FOR THE NEWBIES 👍
👋 Hey guys, here's a quick advice for both old and new members . ❤️
🔰 AS A NEWBIE HOW MANY CURRENCY PAIRS SHOULD YOU CONCENTRATE ON ? 🤔
✍ Most of you trade everything that comes your way which is very bad for a newbie. Not all trades are meant for you . 🎯
📝 It is advisable to stick to one of majors because they are the most liquid which usually means tighter spreads and less chance of slippage. Plus in the beginning you need time to focus on improving your trading processes and creating good habits . ❤️
🟢 For those trading on a small account and also trading for the first time , please note that you can always close your trades at 50+ Pips profit
⚠️ If you've got a larger account, you can adjust your sl price to entry price or 10 pips below entry price to lock the trade. This would enable you run our trades without any risk. 😊
⚠️ Don't forget to like my posts, and remember, trade safe and with minimum risk always.
🎖 THE PATHWAY TO TRADING SUCCESS 🎖