When you decide to use a Forex trading strategy. Before applying it to your real account. Ask yourself if that strategy can alive when the market moves 1000 pips or more without a big retracement. If you can't answer that question yourself. Your account will continue to be burned.
Most people want to make money quickly in Forex trading. Therefore they set daily profit target and choose Scalping Trading Strategies. As a result, most of them lose money when the market made some big moves (about 1000 pips) . Advice here: Set monthly target, choose swing trading instead of scalping. You will see a better results.
Before you want to make money in this risky Forex market. Think about how to survive first.
HAPPY TRADING !
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The information on the TFL Trader website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objective, experience, and risk appetite. Only trade with money you are prepared to lose. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance.