NCM Investment | Trade in FX, CFDs, Energies and Metals

HELPFUL TIPS

• Plan your trading goals and stick to it.

• Know yourself. Define your risk tolerance carefully. Understand your needs.
• Choose your broker carefully, it should be reliable with better regulation & license.
• Pick your account type, and leverage ratio in accordance with your needs and expectations.
• Begin with small sums, increase the size of your account through organic gains, not by greater deposits.

• Focus on a single currency or instrument expand as you improve your skills. 

• Take notes. Study your success and failure.
• Do not rely on forex robots or other non-reliable sources.
  
• Keep it simple. Both your trade plans and analysis should be easily understood and explained.
• Don’t go against the markets, unless you have enough patience and financial resilience to stick to a long term plan.
• Study the markets, fundamentals, and technical factors leading the price action.
• Don’t give up. It is highly unlikely that you will become a trading genius overnight, so it is only sensible to await the ripening of your skills, and the development of your talents before giving up.