Many beginners must learn forex trading basics. Because they even don't know how to write a forex trading plan checklist, forex trading diary excel and develop a forex trading system.
Here are my favorite forex trading tips.
First of all, I have read a lot of books on forex trading. For instance,
Second, you can also learn forex trading with BabyPips. It is one of the best forex trading sites.
Third, you should learn to make a forex trading business plan and a checklist before trading forex. There are the following advantages:
A lot of professional traders take demo forex trading more seriously! They think there is no better way to learn than a hands-on experience.
Fifth, you must learn to write a currency trading journal spreadsheet. It can track, measure and improve my trading performance, especially help me build the disciplines.
At last, let's repeat - trading is a business and run it on business principles.
Keep in mind that the first step is to build a lifelong habit of learning.
Here are my favorite forex trading tips.
First of all, I have read a lot of books on forex trading. For instance,
- Currency trading for dummies
- Trading Systems and Methods + Website (5th edition) Wiley Trading by Perry J. Kaufman
- The Daily Trading Coach - 101 Lessons for becoming your own Trading Psychologist by Brett Steenbarger
- Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager
- Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market by Greg Michalowski
- Reminiscences of a Stock Operator by Edwin Lefèvre
- How to trade in stocks by Jesse Livermore
Second, you can also learn forex trading with BabyPips. It is one of the best forex trading sites.
Third, you should learn to make a forex trading business plan and a checklist before trading forex. There are the following advantages:
- It can define the real profit targets for a successful trader
- It can define the currency trading strategy before enters into a trade. For instance, grid trading strategy, 4 hour forex trading system or day trading system.
- It can define the entry and exit points
- It can define the money management rules.
A lot of professional traders take demo forex trading more seriously! They think there is no better way to learn than a hands-on experience.
Fifth, you must learn to write a currency trading journal spreadsheet. It can track, measure and improve my trading performance, especially help me build the disciplines.
At last, let's repeat - trading is a business and run it on business principles.
Keep in mind that the first step is to build a lifelong habit of learning.
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Learning Forex is very important to make profit in trading. Thanks for sharing Forex trading tips and guides.
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