Five facts about Forex trading that will help you succeed

How to turn from a novice trader into a professional making money on Forex:

1. Set goals, and think through several possible developments. Work solely on a trading system. The goal can be a fixed return per month, perfecting certain skills, etc. Success is based on a trading system that should include:
   
   - Asset type, timeframe. Volatility and liquidity depend on the type of asset.
   - Tools to be used. Indicators, patterns, multipliers, etc.
   - Instruments determine the strategy type: scalping, swing trading, trend breakout, position trading, etc.
   - Market entry and exit rules.
   - Risk management rules. Managing leverage, stop-loss, position volume, etc.
   - Actions in case of contingencies.
   
   
2. Self-development. Reading theory and investment blogs is good, but it's important to gain your own experience. Here trader forums and the development of their own trading systems will help.
   
   
3. Use a strategy tester. Testing a trading system on history and analyzing the backtest is the key to success. If the strategy deviates from the backtest results on a real account, the trade is stopped for overoptimization.
   
   
4. Control your emotions. Emotions should not become a reason to change the trading system and increase the level of risk.
   
   
5. Don't give up. Having made the decision to get into trading - don't give up. Try to find something positive in your actions every day. For example, you mastered a new instrument, learned to work with patterns, etc.

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