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    ​Priceless Article! How to Trade Successfully

    Abstract:The following are proven trading suggestions worth collecting!

      WikiFX Strategies (23 Feb.) -The following are proven trading suggestions worth collecting!

      1. Framework and advancement

      There is no such a fixed paradigm that constantly favors traders in the changing forex market. Traders hoping to survive have to adapt themselves to the changes. For steady gains, a framework is necessary for each stage of the investment, and traders must correct it whenever the market changes.

      2. Execution

      Even if most people have more or less learned about some strategies, the truth is only executing them appropriately and trading with a disciplined approach can they work effectively.

       3. Insist the right thing

      A good investment may cause losses, while a bad investment may bring profits. But good investments are ultimately profitable after repeated transactions, and vice versa. Therefore, traders must stick to the right ones.

       4. Follow the trend

      Efficient trading systems are based on trend following. In most cases, traders should hold positions in line with the market trend.

       5. Risk control

      The market does not reflect facts, but people's opinions and positions. Traders should liquidate the position once getting confused about the position's performance or facing a wildly fluctuating market. Never gamble with your money.

       6. Position management

      The entry position is more important than the entry price. An overweight position will lead to fear that affects judgment. Beginners usually look for laggards that could soon play catch up, which is a misunderstanding. Successful investors tend to go long the strongest categories and short the weakest ones.

      Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years.

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    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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