YOU SHOULD KNOW THIS Hello everyone! Today I would like to remind you of a couple of things, the understanding of which will definitely take you to a new level. Let's go!
1. 99% of newbies come to trading with a desire to make quick money and that's the problem. Trading is a long game. It's worth understanding right away and remembering. In trading, it is impossible to consistently make a double-digit increase in capital and at the same time follow reasonable risk management. 2. Without reasonable risk management, sooner or later you will lose ALL your capital. All professional traders follow risk management and as a rule do not risk more than 1% of the capital in one transaction. 3. Small capital will be a problem. As a rule, 90% of small capitals are burned in the forex market in the first week. All because it is difficult to follow the rules of risk management with a small account, largely because the profit will be scanty, and the time spent will be too much. Over time, you will get tired of wasting time and getting nothing in return, and you will start taking risks, thereby bringing your account to $ 0. 4. You will not be able to correctly predict the exact direction of the market every time. If you think it's possible, the market will kill you. No one can know the future and nitko cannot predict all market movements. But the good news is, you don't have to be right in every trade. 5. The right risk-to-profit ratio will take you to the top. In the market, it is enough to be right in 40% of cases if your RR in transactions is equal to 1:4. Only 4 deals out of 10 will help your account grow steadily. And the higher the RR, the better for your score, but don't flirt. Understand these principles now, and your trading will become more profitable today. Good luck.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻