New traders generally prefer EUR/USD. You can go with that since it is easy to trade.

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Analyse your performance. If you think you are good, then consider full-time trading.

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Coming from someone who has a hard time trading sober, the answer is NO.

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Position size should be determined carefully and should not be changed. Determining position size helps in minimising the risks and maximising the profits. Changing position size can increase the risks.

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GBP/USD is known as Cable due to the buy and sell information exchanges between New York and London through deep-sea cables.

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I love listening to Imagine Dragons, especially “Believer”

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Cent accounts also give an opportunity to learn trading in the real time trading environment without risking a large amount of money.

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I like trading short-term trades as I am comfortable with that and make good profits.

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Emotional stability is an important factor for day traders seeking to make profits. Many day traders fail to control their fears and anxiety which results in losing trades.

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Could you please explain more about this?

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Though I can’t say every forex signal provider is a scam. But finding a genuine signal provider is not easy.

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Order Flow: Trading Setup by Trader Dale is a very good book on order flow with lots of examples and is easy to understand.

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Even though banks offer good interest rates on loans, one should not prefer trading on loans. It is better to trade with the money you can afford to lose.

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Cryptos are highly volatile and should be traded with care. I do not prefer trading them by using leverage.

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Mindfulness is a stage that is achieved when a person has his whole focus on a single thing. Traders should trade with their whole consciousness.

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Having a right mindset about trading helps us get mentally prepared about losses we are about to face and the amount of hard work that is needed to be done before making profits.

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It is better to invest time in learning than directly jumping into live trading and losing.

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I also prefer to place a profit order and stop loss. As a take profit order helps in avoiding slippage caused by high volatility. And stop loss is must as no one knows when the market can gets volatile and make it difficult to close a position.

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Trading can become easier for you if you don’t keep worrying about the market crashing every month. You have to focus on a disciplined approach and trade whenever your trading strategy signals you to. You don’t find success, you work for it.

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Extracted posts — Where each one of us is running the race to make a win, we better not overlook the fact that losses are a reality too. Becoming successful doesn’t mean that you won’t make any losses. Rather it’s about finding a trading ...

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