There’s so much noise out there, especially with all the marketing videos and sales pitches trying to sell you something quick. But the truth is, you need to look at the historical data yourself and understand the actual probability of a strategy working, not just rely on what others tell you.
Backtesting gives you the confidence you need when the market gets volatile. The more you backtest, the more you’ll believe in your strategy, and that helps avoid those moments where you take profits too early or let stop losses get dragged out. Trust me, it’s a game-changer for building your own belief in your trades.
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As a beginner, you should first do trading by setting up a demo account and then trade with real money.
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According to my experience i want to give the tip that you should always use the stop loss while doing trading , don’t even try to take the over leverage ,and last but the most important don’t forget to maintain the trading journal.
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Agreed. Nothing beats the importance of setting stop-losses.
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It’s not like I’m an expert or something, but risk management and having a wide range of knowledge about the platform you are using is crucial.
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Here’s mine: Stick to one strategy first—master it before chasing new ones.
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I turned an initial deposit of $100 into 20K, slowly but surely
Every time I made 10% profit I’d add another $100 and increase lot size
It will start compounding, amazing how it works
Seriously
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Keep your analysis as simple and comfortable as possible. A straightforward approach can still be highly effective. I personally stick to a simple strategy, and it has helped me stay consistently profitable so far.
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What are the risk management tricks or platform features that helped you level up your trading?