简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.
With this in mind, one of the best forex trading tips we can provide is to think about what long-term investment goals are. The plan may include daily revenue targets, daily time spent on fund management and investigation and transactions.
At some point in the transaction, an exit plan is needed. This is the time you liquidate your position, so you will benefit or lose it. That‘s why it’s important to keep your profit goals in mind before ordering.
For example, let‘s say we’re trading GBP / USD. I think the price of the pair will rise and place a purchase order. But before that, we also place an order to realize profits. This corresponds to 1% of the location size. Simply put, your profit target is 1%, and when this profit occurs, your position will automatically close.
Ultimately, trading with profit goals helps filter out wrong decisions, making it easy to assess whether a transaction is worth the risk.
Daily research / time commitmentFirst, it‘s a good idea to choose a few markets to focus your attention on. And it’s good to set some goals for yourself regarding time management. After thinking about how much time you should spend on foreign exchange transactions, stick to it.
Spending time researching and researching financial news and technology analysis will also help you make the right transaction decisions. Crucially, all merchants write a diary. Recording transaction activities can greatly help reevaluate future transaction strategies.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
B2BROKER launches PrimeXM XCore support and maintenance services, enhancing trading efficiency for brokers with expert management and optimization.
Fortuno Markets, a relatively new broker registered in Saint Lucia, has been gaining attention in the forex and multi-asset trading world. However, its low WikiFX score of 2.01/10, raises some red flags for potential investors. In this review, we’ll explore why this broker has attracted scrutiny, its offerings, and why traders should exercise caution before making any decisions.
XTB gains a securities agent license in Chile, boosting its Latin America presence. The broker plans to offer stocks, ETFs, and derivatives to local investors.
For many traders, consistent losses can feel like an inevitable part of the journey. Some blame the market, others point fingers at brokers, and many convince themselves that luck simply isn’t on their side. But the reality is that repeated trading losses are rarely down to bad luck alone. Instead, a mix of psychological, emotional, and technical factors often leads traders down the path of blown accounts and frustrating setbacks. Understanding these deeper issues is key to breaking the cycle and becoming a more resilient and strategic trader.