AnonimFXRO

Trading Aspects to Master πŸ“‰πŸ“‰πŸ“‰

Education
OANDA:XAUUSD   Gold Spot / U.S. Dollar
🎯 Analysing

To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets.

Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc

🎯 Risk Management

To survive in this game you need a very strict risk management, you will pass hard times and your account will survive.

Risk Management rules should include :

Risk per trade
Session Risk
Daily Drawdown Limit
Weekly Drawdown Limit
Monthly Drawdown Limit

You have to know your numbers, start small then grow.

🎯 Entries

Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence.

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