5 Things are The Best Piece of Forex Trading

5 Things are The Best Piece of Forex Trading

        5 Things I Wish You Knowing When You Started Trading Forex        


I Know Before you Started Trading in Forex, You Can't Ideas of The Best 5 Things in Forex Trading

Trading Tips 

  1. Forget about the money and start small.  Prove that you can trade and make money before you start putting in serious money.  If you're starting with a big account you will start experiencing a lot of pressure when trading the markets.
  2. Focus on risk!  Risk management counts for a lot in trading - even if you have the best system in the world if your risk management sucks you will end blowing up your account.
  3. Filter out the noise! If you want to follow somebody, follow somebody...but get rid of the excess noise.
  4. Stick to one trading method or trading strategy.
  5.  Be in it for the long term.  Getting rich quick is not the way to do it.

  Today I'm gonna talk about the best piece of trading advice I wish you knew before you started to stay tuned traders are very warm welcome to you how are you doing I quit reading is going well Faisal FX Pro The best piece of trading advice.
Actually, I'm gonna give you probably 5 this week because there are so many really but let's just drill it down into the very very best of trader.

1. Start Small
Start Small   The first bit of training advice I wish that someone had told me is forget about the money start small now this is a really I probably was told this right I probably was someone sensible put it said something listen take it very steady take it very small prove that you can trade first before starting to put in decent money I didn't take it to heart this is the kind of thing that you really need to take to heart you need to say listen I want to do this as a long-term thing I'm not looking to buy one stock and sell it and that's me done if you're into trading if you want to make money at this for the long term even throughout the rest of your life maybe not being so active but having the skills to analyze a tray take a tray when the opportunity comes you need to start off small.
This is two reasons number one is reducing the pressure of the money if you're starting with a big account relative to your net worth all those kind of things you are gonna feel the pressure when a train is going your way I think all this a lot of money I'll take it you'll want to take the profits quickly vice versa tea you gonna feel the pressure when it goes against you or don't to lose that don't lose that you need to be from refining your craft and your skill rather than looking at it from a profit perspective so starting small it's just the biggest possible thing and you know when the question comes up with when should I start ramping it up you'll know you'll know when you've you've made the good progression you've got this the consistency the losses are coming as well but you're capping them off early or letting those runners win you're picking the right traits to be in they're not over trading all those hundreds of things we can go into what you won't do now but you'll know when it's time to ramp it up and then start to to make some money so starting small and can get it from a perspective of hey I'm doing the skill I'm actually improving a skill here not looking to make money.

2. Focus on Risk
   I would have is very similar but it's not quite the same it's to focus on risk forgetting about the size of the account just focusing on the per trade or per group of trades this is the biggest thing born on may be psychologies in there but if we're looking from a pure perspective operations perspective risk management is massive we've said this before guys if you Follow my Network Faisal FX Pro before you'd know so I've said this plenty of times you can happen the best system in the world if you're rich management sucks you're going to blow up it's just as simple as that because unless you got a hundred percent system which is you don't have you could blow up on one losing trade if you don't manage the risk so focusing on the risk and understanding hey what's the worst-case scenario and him and for me specifically is accepting that risk.
Focus on Risk
   This is the position sighs I'm doing this my max loss per trade I'm taking X trades per week X trades per month X trades per year worst case scenario I will lose all of them that's my worst case kind of our happy with comfortable with that yes I am let's begin the year so similar to starting small but really focusing on risk and also purely from a perspective of where's the genuine risk and a trade a lot of people around the Swiss recently not so recently but are going to look in the on the charts you know where's the hidden risk in it are you holding the stock overnight you shouldn't really be holding overnight you know are you in something that it could be some news coming out or just understanding the risk because that keeps you in the game if you have the capital to play the game and the time you can do this you can just keep going and going and going and going and going until you improve just need the capital and timely another is run out a normal people run out of capital hence they run out of time not many people keep going and going and going to say well I'll just keep small amout capital and I can keep going indefinitely until I get this so focusing on risk.


Filter Out The Noise
   The filter out the noise other things for that this is a big one as well guys is that there's so much information so much bombarded with stuff from Website magazines newspapers newsletters emails gurus YouTube videos all that all the stuff just get rid of it if you want to follow somebody if you want to kind of subscribe to something that gives you know informational trade ideas I don't think that's a problem but just stick it to one just keep it a one thing that you follow it if you don't do none even better but if you feel like you want to have one you want to watch or you want to read or whatever that's fine but when you have so much noise almost you do do so a disservice because you get you to know pros and cons with different trades coming at you and ultimately the result is a neutral but you've got all this noise to filter through so filter out the noise so from that perspective.


Stick to One Method
Stick to One Method
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   I'm gonna put this at number four very very similar is to stick to one method or one strategy or one style is a mistake I definitely made is trying to kind of be a master of all trades or a jack of all trades master of none should I say but sticking to one thing and that could be as well you know market or market to a group of markets not to many but kind of say okay listen I'm going to be a day trader scalp of you know Dax Dow Bassett sticking to that running it for a while seeing how you do analyze your performance or I'm going to trade tech stocks on a swing trade basis after earnings or I'm gonna trade insurance stocks London Stock Exchange insurance stocks pair trading that whatever it may be it doesn't matter the point is sticking to one method and just sticking it out for a long period of time definitely a big one that massive mistake that I see people make in trading so what what so far what start small really really important just just go even if you've got the funds to sticking a lot of money don't start small and think of it as a skill never to focus on risk making sure you understand this is the biggest part of the game guys trade risk weak risk multiple trade risk hidden trade risk as well just everything is about risk we are all risk managers number one the most important things with not losing our capital and it's neck next thing I want to do is to grow our capital grow our trading account free filter out the noise get rid of all the crap that's coming in and bombarding you social media YouTube newsletters all that stuff much more clarity you can go in with more focus and make your own decision and then just stick to it rightly or wrongly ask the point in trading you're backing up the decision with money I'm right you're wrong you're gonna be prude and then it comes down to the risk of how much you lose if you're wrong I'm a for sticking to one method or group of markets or one market so you want to be an FX trader call be an FX trader focus on your 5 pairs that you're very you feel you want to focus on stick to that timeframe wise if you want to be a day trader in FX do that if you wanna be a swing trader in FX in stocks whatever do that but sticking to one method one strategy and the final thing I'm going to put your guys


Be in The Game in it for Long Term
   Be in the game in it for long term or should I say expect to be in the game for the long term getting rich quick doesn't exist if it does it's luck very few people come into the game I know instantly can pick it up straight away yes there are gonna be that one or two as there are always out lies in the normal distribution curve but expect to be in it for a long term and if you can think that in the back of your mind that will help put all these into perspective you say okay well I'm I'm expecting to be in this in this trading game for the long term so it makes sense to start small I want to be here five years down the road so we'll start small I need to focus on my wrist because again I want to be here five years down the road there's no point in me overdoing the risk I don't I want to have my own method my own strategy I don't wanna be relying on other people and and doing all that kind of thing so yes I'm gonna filter out the noise or I'm just gonna have one newsletter or one kind of asset that I look at to learn from sticking to one method again I need to master one or discard it and realize it's not for me for a move on to the next very methodical approach so that really if you have baton your mind and say hey listen I want to be here in the next five years ten years or I'm still gonna be in the markets all these fall into place and if you put all the into perspective and manage all these you know think about them as your trading you know I kind of I work I think I was probably told these these things when I started training.
Be in The Game in it for Long Term
 but I wish that I'd taken them more to heart to shorten that learning curve and I definitely think that you take these to heart and you sort of run by these than the learning curve will potentially go from many many years and shorten it right down anyway guys let me know what your best piece of training advice you wish you've known before you start trading in the comments below I'm sure there are loads of the interesting to see if there's one kind of theme there if you like articles give traders on here good trading see the next one take care bye bye you.