š¬ Fraternal advice from a former trader
Many beginners ask:
"Why do I buy the currency and it goes down, and I sell it and it goes up? As if the market is taking it personally against me!"
After many experiences and losses, I learned a very important point:
ā” The market moves by fear and greed. Those who do not overcome these two scourges will surely lose.
Here is the right method:
1ļøā£ Buy the currency for 2 to 5% of your capital.
2ļøā£ If the currency drops by 5%, strengthen at the same percentage ā This way, you will control the market and reduce your losses (except for affected currencies).
3ļøā£ If the currency rises by 5%, get rid of greed, take your profits, and wait for the turning point to buy again and repeat the operation.
š Golden rule:
Take your time to sell during a drop, and act to sell during a rise.
š” Perhaps this advice is obvious for professionals, but it is essential for beginners to avoid repeated losses.
⨠May God grant you His great generosity, and start trading wisely!