4 Tips on How to Make More Money to Trade Forex

The first tip when learning how to make more money forex trading  is to keep your stop loss small and aim for bigger profits. forex Traders are usually tempted to trade frequently, thinking that the bigger gains will come in fewer trades. However, most traders make the mistake of investing their money in a wide range of stocks, which actually slows down their progress. You should instead focus on a few big trades a year.

The second tip is to treat your account as if it were a million-dollar account. Those who are profitable are the ones who double their account each month. While this might sound like an impossible goal for beginners, it is completely achievable. If you're able to make 2% to 5% profit on a hundred thousand dollar account every month, that's enough to create a sustainable income from the Forex market.

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