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Trade management is one of the standard of risk administration. We can not put all our cash in trading. There is a few guidelines. For my trading I risk 2% of my capital for every trade. What's more, the most extreme presentation to risk is 4%. It implies I open most extreme of 2 trades. Most traders do not follow this rule. They just risk all their money into trading. I think everybody ought to keep up their risk administration rules. Because trading is all about discipline. I trade with XeroMarkets broker. It is one of the main brokers in the market. I truly like their administrations.

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Always making profit is difficult in forex market. You can easily earn money if you have enough knowledge about forex market. But in spite of having good knowledge, it is quite tough to ensure profit all time. It is right that in forex market a trader can make consistent profit. But it is not all time. New traders should know that fact that earning money in forex is easy but always making profit is not so easy. They should keep patience and keep trying to make consistent profit. I couldn't make profit at first. But now I can make profit consistently with the help of TP Global FX because of their ease of trading techniques. They are like my guideline in the forex market.

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  • 3 weeks later...

training and learning will indeed be very much needed by traders, this is useful so that traders can become better and can be more leverage in improving existing trading skills better than before.

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  • 1 month later...

Trades should know the basics concept of Forex trading such as currency pairs, prices and pips, spreads, trade sizes, support and resistance, long and short positions, price actions and momentum trading, and trends. Next trader should learn important aspects of trading, such as how risk management and leverage triggers and trading psychology. Thanks to my broker Eurotrader for providing free trading course from which I learn a lot.

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Everything in trading is inherent in the discipline. If you trade without discipline, that trading career cannot be carried for long. For this, it is better to work in discipline all the time. Discipline is a good analysis, good risk management. You can risk 2% on your account for a maximum of one trade. You cannot risk your entire capital for trade. So you must use risk management for every trade. After doing a trade, there are other tasks such as managing the trade and carrying the trade to the profit level.

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Existing funds and risks must be able to be considered properly, this is necessary so that traders can be maximized in carrying out trades that are in line with expectations and can generate profits in accordance with expectations with Tickmill.

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Many do not like to part away from their hard-earned money for earning more capital. But then some invest their funds not only in stocks, bonds, and mutual funds but also in currencies, which is forex trading. It is gaining popularity amongst investors and traders across India.

It is not easy to manage multiple trades at the same time. Many traders fail to keep track of their risks and eventually lead to losses. A forex trading account needs lots of attention while monitoring the stock exchange.

•    Understand the forex risk and get information on trading
•    Control the risks with a stop loss
•    Do not risk higher than the affordability to lose
•    Limit using leverages
•    Have realistic profit expectations
•    Have a forex trading plan
•    Be prepared to face the worst situations
•    Gain control over emotions
•    Diversify the portfolio for forex trading account

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