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Thread: How to prepare yourself for real trading in the forex market

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    Zainab Youssef is on a distinguished road Zainab Youssef's Avatar
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    Default How to prepare yourself for real trading in the forex market

    There are a few points to consider in preparing yourself for the big leap from demo to real trading
    In the beginning, do not risk more than 1 to 2% of your account balance in a single trade by committing to placing appropriate stop-loss orders and avoiding that this percentage exceeds 5% in all cases.
    Do not start real trading unless you have a proven strategy and clear rules for managing capital as well as making sure you can strictly follow them.
    Read our free articles on trading psychology and try to get the most out of it.
    Record each trade and write the reason you entered and exited it, and the outcome of the trade.
    Ask yourself after losing any trade, do you feel angry If you are really angry, try to avoid trading until the next day
    The large balance also helps reduce the risk of a margin call Have you made the mistake of trying to simulate the trading methods that you intend to use with your own money by trading mini contracts but forgot to place a stop-loss order and despite the great risk of the buy and hold strategy, but the practical reality proves that it achieves Good returns in the long term but this assumption may not be correct when trading with small stocks
    Even when you move from trading 5 standard contracts of virtual money to one mini contract with your own money, the emotion will continue to strongly influence your performance unless you learn how to control and manage them by placing predetermined stop and limit orders and not by changing them over time to limit your losses and secure your profits.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006 has much to be proud of sid006's Avatar
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    Quote Originally Posted by Zainab Youssef     
    There are a few points to consider in preparing yourself for the big leap from demo to real trading
    In the beginning, do not risk more than 1 to 2% of your account balance in a single trade by committing to placing appropriate stop-loss orders and avoiding that this percentage exceeds 5% in all cases.
    Do not start real trading unless you have a proven strategy and clear rules for managing capital as well as making sure you can strictly follow them.
    Read our free articles on trading psychology and try to get the most out of it.
    Record each trade and write the reason you entered and exited it, and the outcome of the trade.
    Ask yourself after losing any trade, do you feel angry If you are really angry, try to avoid trading until the next day
    The large balance also helps reduce the risk of a margin call Have you made the mistake of trying to simulate the trading methods that you intend to use with your own money by trading mini contracts but forgot to place a stop-loss order and despite the great risk of the buy and hold strategy, but the practical reality proves that it achieves Good returns in the long term but this assumption may not be correct when trading with small stocks
    Even when you move from trading 5 standard contracts of virtual money to one mini contract with your own money, the emotion will continue to strongly influence your performance unless you learn how to control and manage them by placing predetermined stop and limit orders and not by changing them over time to limit your losses and secure your profits.
    It is so much important that traders prepare themselves before doing trading in the real account of Forex trading business because many traders make profit on demo account to very easily but when they do trading on real account of forex and they lost their too much money I think traders should try to do trading in this way in which they can make profit with good analysis and planning they should have confidence on them self and their trading abilities then they can able to do good trading in the real account of Forex also
    Sohnikuri Trading Journal.
    Visit my Trading Journal.
    https://forum.mt5.com/showthread.php...rading-Journal


  3. The Following User Says Thank You to sid006 For This Useful Post:

    Usmankhan66 (23-01-2021)

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    Usmankhan66 will become famous soon enough Usmankhan66's Avatar
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    Due to my point of view if you want to get success and prepare your self for trading then do a lot of practices in demo account and make your own strategy then you will practice your own strategy and make your own rule then you will succeed in your trading style and make yourself better then other that why try again and again to build yourself better and successful trader...............

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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