Hey everyone. I know it has been a long while since I've last posted but I wanted to put up some valuable advice for all you forex beginners out there. Let me first begin by saying that beginners often have the best luck when it comes to forex.This is because they have yet to be poisoned by hopes of magical indicators to tell them exactly what to do. This, in turn, allows them to look at the markets with an unbiased set of eyes. I would like to share with you all that you will ever need to know to be a successful trader, whether you are new or not. It's just human nature and psychology that end up being what makes trading difficult for most people. Trading itself is a very simple concept but our human nature is what makes it difficult. Below are four things that will help you on your road to becoming a great forex trader.
1. Support/Resistance- This is simply your supply and demand. Knowing this real well will help you succeed.
2. Trend Lines
3. Risk/Reward- The key to this concept is do not risk more than what you are trying to gain.
4. Money Management- The key to this concept is to not be greedy. If you become too greedy, you may end up losing everything.
So I wish everyone the best of luck and may the riches be with you! :)
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