Tips For Earning on Forex

Make trading transactions through the demo account before investing real capital. This way, you will be informed about the process and decide whether forex trading is right for you. If you make good trades on the demo, you will continue on your way with a real forex account.

Automatically cancel your order if your currency pair has not adapted and you do not have enough money to cover it. Make sure you don’t make the same mistake again.

Try to focus on just 2% of your total cash. For example, if you decided to invest $ 1000, use only $ 20 to invest in a currency pair. Prices on Forex are quite volatile, and you need to have enough money to cover your losses.

Remember that losses are not losses until your position is closed. If your position is still open, the loss is not counted as long as you do not close the order and do not take the loss.

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