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Trading with putting SL is very important because the SL then we will be able to minimize the risks of forex properly , therefore we should always use SL when trading. To put stop loss when trading, I prefer to put SL 5% of the capital. So that the losses incurred are not getting bigger.
Actually instead of demo account it is better to trade in a real account with small balance. Because mostly traders lost interest when trading demo practically especially the newcomers.
Forex traders include professionals employed to trade for a financial firm or group of clients. However, some of the fundamental forex traders prefer to trade forex according to news and other financial or political data.
Honestly speaking, if you want to get maximal result by scalping first of all you have to make sure lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time. Actually from all trading elements spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.
I am just providing one suggestion to newcomers that they should use a reliable broker like FreshForex cause a good broker knows things properly and they can provide some financial facilities.
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Now there are a lot of good brokerage companies. The same FOREXCHIEF, ICMARKETI other companies offer good trading conditions and provide greater reliability.
I see, all of the successful Forex traders are so much serious on using SL & TP! It’s because, these kinds of tools are so much useful during the volatile market! On the other hand, You can’t take unlimited risk in your individual trade positions!
The life of a forex trader is likely to a turtle that swims into the water and then appear on the shore to take some rest for a while and then again start swimming. But, what if there is no shore? The life of a forex trader is akin to that similitude.
There are millions of traders of different types of trading around the world. But you can’t entitle all of them as forex traders because maximum traders are here either for gambling or for making fun. And the remaining others except the previously mentioned class are dedicated to professional trading.
Those who trade Forex are known as Forex traders, who are here both as part time traders and professional traders. Forex is a great profession to the students because we see that students join any part time jobs to run their expenditure. But, Forex is such a profession that delivers them with sufficient amount of money.