5 years?
3 years?
Or just 7 days?
This field never differentiates the time it takes you to get to this point.
Only sometimes a few traders overlook the mistakes they often make until they finally make this ‘money pit’ ‘wrap up’ later on.
The kakiforex team lists 3 relevant ways you can practice to stay for profit!
Choose and master your trading techniques!
One of the mistakes that all traders may not make is that they are too comfortable in the old and same notch of knowledge!
What about opening a book and looking for a teacher to really master the right way to trade.
Make a commitment and do not consider this field just for fun.
Make sure your trading plan is consistent
Next, make sure you always update your trading plan.
Unconsciously you are actually creating a ‘new company’ here. So as an owner, it is impossible for you to let your business run without a clear direction.
This trading plan is like a diary that will detect any mistakes we make in a certain period of time.
These elements you may need to include in your trading plan such as:
- Date and time during your entry
- Entry rate
- Strategy
- Date and time you close position
- Closing rate
- Loss / Profit Value
- Avoid over-trade
The biggest mistake most traders make is 'over trade'.
There are traders who are so obsessed with charts that they spend all day facing MT4.
Believe me, in the long run, you will stay in your seat without making any changes.
Always being in the market is not a guarantee of profit, but rather a strategy and knowledge that helps you to continue to remain a profit taker!
