Many people including me start as a gambler in forex trading and trade until they lose it all.
But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you)
-Maintain journal note book
-always enter target and SL or trailing SL in the system before entry itself to remove emotion from trading
-Don't get greedy and always have realistic targets
-Avoid overtrading
-Avoid trading during events unless you are sure
-Trust your system and instinct
-Remember you cant be rich in single day and treat trading as business
-Exit market after achieving target or SL
Guys I tried my best to add points I could recollect.
Add points if you have some in comment box
But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you)
-Maintain journal note book
-always enter target and SL or trailing SL in the system before entry itself to remove emotion from trading
-Don't get greedy and always have realistic targets
-Avoid overtrading
-Avoid trading during events unless you are sure
-Trust your system and instinct
-Remember you cant be rich in single day and treat trading as business
-Exit market after achieving target or SL
Guys I tried my best to add points I could recollect.
Add points if you have some in comment box