Beginner's Guide to Profitable Currency Trading: Avoiding Common Pitfalls and Maximizing Gains
Time:2024-01-21 Click:149
General tips for beginners:1- Do not buy with more than a quarter of the liquidity you have in one currency.2- Do not buy or sell at the beginning of universal time, 00:00. Wait two hours3- Try to get rid of the losers before the end of the day3- I advise that you sell no less than fifty percent of your profitable currencies each day and only buy a profitable currency on a new day.4- Do not use leverages or futures contracts, just immediate trading5- Try to learn how to get out of a losing deal. You must be realistic and know that this is all part of the game6- The RSI indicator is one of the strongest indicators that you can rely on to know the future of the price. Just watch it at the minute, five, fifteen, and hour, and its average is more than fifty or less.7- Be satisfied with the small gain as long as you are risking money that is not yours8- Finally, do not borrowmy regards
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