95% of traders aim to get a stable profit from Forex trading.
Perhaps, this is not a secret. Only these traders miss out the main factor of successful trading - reduction of losses. No matter how much you earn in Forex, if your losses continue to grow, you won`t be able to count on a stable income.
To make a stable profit on the Forex market, a trader must get more profit than losses. And although at first glance this task seems simple, there are many psychological problems, but the main thing is the desire of a beginner to get rich as soon as possible, without making any efforts.
Forex trading is not a gambling game that brings adrenaline, and also provides him with easy money. All successful traders consider trading as a business. Many newcomers to the Forex market make a mistake, trying to put most of the deposit on the line and maximize their profits. They do not take into account the fact that the bigger the amount of risk they take, the more psychological pressure they feel and therefore increase their chances of an unfavorable outcome. That is why all beginners are recommended to start trading with a minimum amount and increase it gradually depending on the trading results.
So, a beginner trader can start with a minimum account, where one lot is equal to 10 000 dollars. In this case, you should set a goal to get 15 - 20% of profit every day. At first glance, it may seem that this goal is too modest, but in reality, this tactic is the most justified.
Until a trader has a deposit with five zeros, it is recommended to start with a small amount and achieve the goal of fixing 20 points every day. Over time, income will grow, and one will be able to invest more money, trading full time. He will also be able to gain invaluable experience that will allow him to feel confident and make the right decisions quickly, even in the most unexpected situations.