Here are my opinions of these tips for these forex trading tips for beginners
- Start With a Solid Understanding of the Market <– I would agree but remember that the market regimes always change which impacts you plans. Know how to adjust to these market regime changes. Most of it is due to macro economic changes.
- Develop a Trading Plan <– this is a more about process with various ways to adjust. You cannot trde the market with one universal market plan over the long run.
- Use a Demo Account <– Agree but don’t get stuck in the analysis by paralysis mode. Trade with real tiny amount you can afford to learn from. You learn more from this. Again, it is more about process and adjusting to the market.
- Keep Your Emotions in Check <– this is what rule based algo automated trade keeps in check
- Seek Professional Help <– yes so this is where people like myself come in but don’t totally rely on them
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