Why do you hope for profits without having any skill?
Hope is inadequate for currency trading due to its effect on the mindset. A trader can hope for good profits, but he cannot be too keen on it. Otherwise, his credentials will lack quality, which can increase loss potential. The rookie traders are the primary victim of hope while participating in Forex. They desire profits but do not use efficient strategies for it. Instead of predefining the position sizes, they place orders. As a result, they lose traction in the running trades. Contrarily, their risk management remains vulnerable due to…
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