Word of Wisdom please, from Paper Trading to Real Money Trading, what should a new FX trader pay attention to? - Forex Questions and Answers - FXAnswer

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Word of Wisdom please, from Paper Trading to Real Money Trading, what should a new FX trader pay attention to?

new trader paper trading

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In Forex Beginners
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- Warren
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1 year ago

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0 Votes Don't trade without a strategy or a trading plan. See to it that your plan incorporates strict money management rules. Do not overtrade and do not add to a losing position. Also, remember to take profits from your account. by fxpie 1 year ago by fxpie 1 year ago
0 Votes Everything. When you paper traded did you treat it like real money? Follow all your rules for entry and exit. Have a plan in place before trading. If not be prepared for some pain. Trade what you see & not on your emotions by fuji022 1 year ago by fuji022 1 year ago

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Don't trade without a strategy or a trading plan. See to it that your plan incorporates strict money management rules. Do not overtrade and do not add to a losing position. Also, remember to take profits from your account.

fxpie

1 year ago

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Everything. When you paper traded did you treat it like real money? Follow all your rules for entry and exit. Have a plan in place before trading. If not be prepared for some pain. Trade what you see & not on your emotions