Use the account to trade various online fx trading techniques based on fundamental and/or technical analysis. Run reports regularly to review your trading progression. This will allow the trader to adapt the correct style and improve on his/her trading plan.
Use this time to become acquainted with all the features our online fx trading platform has to offer, so you can utilize these tools towards becoming a more successful trader.
Keep a trading notepad:
Most successful traders keep a trading journal. They use this to track the results of all of their trades. Why they executed a certain trade? Was it based on fundamentals or a technical trigger? Why they chose the specific stop and limit orders associated with this trade? All of these questions are necessary for a trader to enhance their trading strategies.
Important elements of this journal are but not limited to the following information:
Time frame the trade was based on
Reason for entering the trade
Entry and exit prices
Strategy used to execute the trade
Trading Off Exchange Foreign Exchange
Currencies involve significant risk and may not be suitable for everyone. Please read RISK DISCLAIMER before investing.
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Forex and gold, silver, oil trading involves high risk and may not be suitable for all investors, a high degree of leverage can help you profit or loss. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, experience level, and the risk you can bear. You may suffer a loss of some or all funds. If you can not afford the loss, you should not invest money for this. You may sustain losses in excess of your margin of the deposit, and may be held responsibility. Therefore, you should carefully understand all the risks associated with foreign exchange trading. If any questions, you should seek advice from an independent financial adviser.
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