DislikedI truly believe a person can start printing money by forex.
Its all in the MIND.
To me trading is art not an exact science.
If a person risks 1% a trade and made 395 pips he wouldve grown his account by 26% for the week.
I risk 2% per trade coz i am confident about what i do.
I always apply money management.
Im trading this for only 2 months or so and i see the same things everyday.
Imagine if i trade this for 3 ro 5 years and everyday i see the same thing?
How much would a person risk then?
Think...Ignored
This is a very good point, having the patients to wait for the market to come to you and not start chasing a trade is the difference between success and failure in trading.
I know because it's something I suffer from. When ever I'm in an hurry to get into a trade I will lose, if instead, I only enter a trade after I see what I want to see happen it becomes a winner, like the example below.