1. Enforce the use of analytics: It doesn't matter what you think. With a superficial analysis of the market, existing trends are likely to continue. During implementation, things can change, which prevents you from making mistakes.
2. Trading only when the time is right: Only trade when the situation is favorable. Traders just traded sideways, while others are waiting for news of Bank Negara's intervention.
Forex novice traders lose money almost immediately due to a lack of understanding of the basic principles of forex trading. This is not a complicated process, as long as it represents what I should do during the negotiation and what I should not do.
A trader with 3,000 rubles sped up his deposit to 400,000,000 within a few days, and the result was unique. The deposit became 100 rubles the next day.
A more successful application of Forex principles can be found in the second option. After a short period of time, $300 became $2,000, and $1,500 was withdrawn. The deposit was exhausted by a series of unsuccessful transactions. After a while, the deposit rises to $1,200 and trading resumes from $500. Again, the withdrawal is $700.