TIPS TO TRADE FOREX🚨📌

 1. Don’t strive to get rich quickly

   - Forex is not a quick-money scheme. Trying to make big profits fast usually leads to big losses. Be patient and focus on learning and consistency.

2. Don’t take random decisions 

   - Don’t trade based on guesses or emotions. Every trade should be based on analysis or a strategy—not just a feeling or rumor.

3. Choose your leverage wisely

   - Leverage allows you to control a big trade with a small amount of money. But it’s risky. High leverage = bigger profits *or* bigger losses. Start with low leverage until you're confident.

4. Use stop loss orders

   - A stop-loss closes your trade automatically if the market moves against you. It protects your money. Always use it to avoid big unexpected losses.

5. Learn your market

   - Study how forex works. Know which currency pairs you’re trading, how they behave, and what affects their prices (like news, economy, etc.).

6. Monitor your positions

   - Keep an eye on your open trades. Don’t just open and forget. Watch how the market moves and adjust if needed.

7. Develop a trading strategy

- A strategy is your plan for when to risk management rules. Don’t trade without a plan.