Post
Topic
Board Beginners & Help
Re: How to trade properly for newbies
by
Rockstarguy
on 18/09/2021, 12:18:17 UTC
1. Position is the most important thing
2. Always set the profit/loss ratio above 1:1 (2:1, 3:1)
3. Always set stop loss below 10% of the account
4. Do not borrow, deposit too large (under 25X is safe)
5. Do not leave orders overnight
6. Adjust emotions when entering orders. If you lose, remove the other bets
Beginners should not rush into trading to make money. They should seek for all trading strategies and study the market how it works before going trading .