What are some advices for a beginner in forex trading?

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I  started to know forex trading since 2008, and still do it to this day,  even though my income is not much, at least I can be consistent with  that.

Alright, let's continue with a few suggestions from me during the last 10 years in the world of forex which is CRAZY.

Choose Your Style

The most important thing about forex is adjusting your style. This is related to several things such as:

• How long can you set aside for forex trading?
• Are you a scalper, short / long term trader?
• How about your risk tolerance?

From the beginning, everything must really suit you. Don't force yourself to adopt someone else's trading style, but adjust it to yourself.  

KISS (Keep It Simple St00p1d)

Accuracy can indeed be tricked by setting Risk vs. The right reward. However, don't make it more complicated. With  bare graphics, we have been very difficult to determine accuracy,  especially by adding various indicators that actually hinder our  analysis from focusing on prices.

Whatever technique you use, whether it's fundamental, technical, sentiment, etc., everything is reflected in the price itself.

So, make it simple! Understand how prices move from equilibrium (consolidation) to trending, and from trending to consolidation. That's all you have to pay attention to, because it's repeated forever. 

Don't be satisfied with low accuracy 

Indeed,  with an accuracy of at least 20% in your trading, and by applying a RRR  (Risk Reward Ratio) of at least 1: 2 you can still end up winning. But, one question from me, can you really discipline it ?, 99% of novice traders can't do it, and this is bad and bad.

So,  don't be satisfied with the Win Rate of 20%, understand the price  better, how do they move? Where is the best opportunity to enter / exit  the market? Where is the stop loss placement acceptable? Everything is reflected in the price. 

Stop Loss is Your King

Yes,  you can still use the hedging system without stop loss, but that makes  it even more complicated, and the funds needed are very large for the  next martingale method.

Well, instead of  too dizzy thinking about it, why don't we risk something that can be  risked? This is simpler, and calmer in your mind. 

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From here, I will tell you my trading style.

First, I use the conservative method in large accounts, with very little risk, 1% per trade.

Second, I use profit from the first account to do CRAZY things. For example, I get a profit of $ 10 from the first account. I will transfer the profit to another account, and I will risk it 100% in one trade. Accuracy  is not a dream, I emphasize again, if you really understand how prices  move, $ 10 can be 1,000% in only 2 trading times, and I have proven  this.

In fact, many traders out there are only armed with $ 60 to create $ 40,000 in just 3 months.

Please try by depositing 1 time your stop loss to another account, FIGHT TILL YOU GET MARGIN CALL. This is better than you set a stop loss repeatedly, and end with emotion, and lose everything.