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The forex trading is the high risky business and complicated so that why the risk management is the key of success in the forex trading business and i think if we mange our capital well in the trading then we make the good profit in the forex trading business?
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In my view the key to success in a business like Forex is working with right method and properly following everything. It is often greed that makes us believe we can succeed without proper planning and risk management, but that’s absolutely wrong. I do it accurately and yet I don’t find it affecting my profit making ability which is also to do with Nova FX broker’s giant 111% bonus on deposit, it’s super cool to have such benefits in trading.
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It starts from getting education and then we move towards practicing which completes the 2nd requirement which is to gain experience, if we are able to do that than we are in safe zone because sooner or later, we will hit the bull’s eye, but obviously we have to be patient to wait for that moment to come. I have struggled a lot in early part of my career for various reasons, but now I am over that dark phase, I give a lot of credit to OctaFX broker for helping me out on overcoming it, as they helped me on every step from giving 8 dollars no deposit bonuses to 30% bonus on deposit and just last year they changed it into 50%, so it’s just improving all the time!