Hi! I have no idea what Forex trading is, however, I look forward to learning new things – especially when it’s about making money.
FX trading is simple, but not easy to make ANY money. For 75% of newbies, the most likely outcome is they will lose money. That’s the reality, until you learn how to trade properly and proficiently. That takes months of damn hard work and practice to graduate.
I keep record of strategy like entry condition and exit condition. Later, i analysis that which and why my strategy did not work in lose trade.
Think of forex trading as if you are betting. As a private retail trader, you are not buying or selling actual assets, not even currency. See it as a bet placed with your broker: If you think the EUR/USD exchange rate will rise, you “buy” or “go long” EUR/USD. If you’re right, the broker pays you money, if you’re wrong the broker keeps your money.
Just as in horse racing, your bet and all the thousands of other bets on the race, have no effect on which horse will win. And also, just as in horse racing the more you know about race-horses the better will be your results, so in trading the more you know about forex, the better your results will be. In both cases it will be because your experience allowed you to use your knowledge in a profitable strategy.
Do plenty of research and would recommend the education section it’s really good