All Forex Trading Takeaways Concluded Here Count!

The essence of forex trading concluded by traders with trading experiences over 20 years is presented as follows. Hope everyone can read them over with comprehension, given the great help they can absolutely provide for your trading!

1. Preconditions for investment:

• Family life is guaranteed

• Dont use your urgent money or borrow money to invest

• Invest with your spare money and set a certain amount aside for emergency use

2. Full-time investment:

• Sufficient funds and time are required along with your expertise in this field

• Highly risky forex products featuring handsome returns can be invested more in an appropriate manner

• Investment diversification is necessary, including stocks, forex, insurance and real estate

3. Part-time investment:

• Capital can be more or less

• Forex products lower in risks can be invested for a long time

• Investment diversification is required

• Its better not to invest in partnerships

4. Some misunderstandings of investment:

• Investing fully is doomed to failure

• Investing frequently is indicative of lacking the professional guidance

• Contrarian operation is rare and highly risky

• Hedging transactions are the conduct of escaping from the fact of losses

• Predicting tops and bottoms without stop-loss set up is poised for excuses for mistakes

• Going long after going short and vice versa imply the shortage of targets and the pursuit of perfection

• Lapping up information and following suit blindly are caused by insufficient knowledge of the market

• Bad at introspection and suspicious of the market

• Maping a long-term trading plan refers to the ignorance of the unpredictable future

5. Advice from virtuosos:

• 95% of profits is generated by 5% of transactions

• Successful transactions consist of trading for a long-term period, conducting a stop-loss operation, taking advantage of a trend, and holding smaller positions

• Wait for an opportunity patiently and win the game with simple approaches

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