Trading is one of the most complex professions in the world. Most people start their trading careers and lose hope after blowing up the trading account. They lose money since they don’t have any strategic knowledge regarding this business. Since the Forex market is dynamic in nature, a trader needs to follow strategic rules to make a regular profit.
In this article, we are going to discuss some basic techniques which you need to follow as a day trader. Go through this article as it will help you to make a regular profit in the Forex market.
Managing the risk factors
Professional day traders, who do it for a job, often take minimal risk for each deal. The risk factor is usually less than 1 percent of their trading capital. For instance, if you have a stock account with $30,000, don’t risk more than $300 as this will be 1%. …