Hey guys! Im a newbie and i have no idea what or how this trading thing works. I hope i learn a lot
most welcome in Forex community. start with education level. good luck , happy trading
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psychology of school + trading in a demo account = the perfect solution for beginners level.
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Open a demo account and run this strategy using the daily (D1) charts -
- Find an uptrend
- Wait for price to pull back, showing 2 or 3 days with lower daily highs and lower daily lows
- Set a buy order just above the last day with a lower daily high
- Set a stop-loss below the day’s low
- Adjust your position size so that your account capital risked is less than 2%
- When the buy order is triggered, close half the position when this makes enough profit to cover your initial risk and let the remaining half of the position run on: move your stop-loss higher as it goes.