In order to improve your forex trading skills, you need to understand and treat your trading like a business, not a recreation activity or a casino. In other words, pay attention to each of the interactions with the forex market, taking into consideration all of the potential costs to your trading business. View your interactions in terms of costs and revenue. Your goal would be to keep the costs down low to a minimum and the revenue as high as you can. In the forex trading business, this is achieved by managing the risk in an efficient manner in order to reward on every single trade that you make.
To further improve your forex trading skills, you'll have to learn some simple price action based strategies and work on them. By doing so, you will learn what we have mentioned in the above paragraph, overtrading. For this reason, you should demo trade for at least a couple of months until you start using real money in order to obtain some discretionary skill by taking only the most suitable price action setups.
To further improve your forex trading skills, you'll have to learn some simple price action based strategies and work on them. By doing so, you will learn what we have mentioned in the above paragraph, overtrading. For this reason, you should demo trade for at least a couple of months until you start using real money in order to obtain some discretionary skill by taking only the most suitable price action setups.
