What is essential to Iearn, the basic building blocks other than support and resistance lines?
1 Like
Start with trends and swing highs/lows. These are the basic structures of charts. Add only what you need to answer a question that you absolutely must solve.
2 Likes
Money/risk management… trading psychology
1 Like
If you will have some knowledge about trading skills then only the income will increase.
1 Like
One of the most important basic building blocks is your mindset. How you face challenges, how you maintain composure and how patient you are, determines how much success you will get.
1 Like
knowledge is okay but to increase the income level is depends on your experience with managing ability . this is the true fact
1 Like
what you think there is any difference between money and risk management ?
1 Like
Money management refers to using funds sustainably so that if you lose one trade you still have chances of winning other trades. Whereas risk management refers to using different risk management tools and techniques for reducing the risks involved.
1 Like
that is really a fine reply , thanks Mate for your nice post.
1 Like
Get the right education, discipline and your confidence, these are the three essential things you need to learn.
1 Like
The first thing to learn about forex trading is the basics of the market. This means understanding how the different currencies work and how a pair’s price is affected by economic activity in its country, such as interest rates and inflation rates.
1 Like
Proper knowledge, clearing basic concepts, a lot of practice, discipline, confidence, proper strategy, determination, risk & money management skills, emotion control, and patience are the basic building blocks every trader should keep in their mind.
1 Like