Advice to new traders

  1. patience: forex is a business that requires a lot of patience . aim for for quick returns is on of the things that makes a lot of traders unsuccessful
  2. always be open to upgrading your knowledge to suit the current trading conditions. a lot of traders stop learning while they make the first few profits thinking that they have found the holy grail but truth be told there is nothing like that in forex. you need to constantly update yourself to the market requirements.
  3. stop chasing signals: which one makes you happy, you knowing why everything is going on like the way it is or some one answering the why for you. take your time to learn the basics so that you can judged for yourself when someone provides you with a signal. BE YOUR OWN BOSS!
    4.keep a trading journal: keeping a trading journal will help you keep track of your performances. it helps you to know what you are doing right and what you are doing wrong in order for you to adjust your behaviour to increase your chance of success.
  4. lastly remember and always keep this, forex is a business of probabilities but not certainties. and treat it as a business