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This website illustratively teaches the art of good trading and what it’s all about: for instance, if you’re a trader who, after winning a trade, feels better or happier than you would if you had lost that trade, i.e., being carried away, or getting emotional by the outcome of any single trade, then something is wrong with your trading. This website dwells on the attitude and actions required for you to become a successful trader; you might also acquire this priceless knowledge elsewhere, but you surely can’t do without it if you hope to succeed as a forex trader.  

Here, you will realize how a winning trade may be a bad trade, and a losing trade may be a good trade, depending on whether proper trading rules have been ignored or followed; the content of this blog dwells on the need for traders to first learn to be good traders: this primary consideration is what leads to the ultimate goal of making money as a trader. In forex trading, some trades will be winners, while some will be losers, but make sure they are all good trades. Learn how on this blog.

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WHY YOU SHOULD NOT CHOOSE A FOREX BROKER WITHOUT KNOWING THIS:

Some novice traders just go ahead to pick any broker or trading platform of their choice without the knowledge of an ECN or Regulated forex broker; get to know what this means:
An ECN broker operates under multi-tier forex regulatory bodies that ensures it's transparency. It acts as an intermediary which uses 'electronic communications networks' to match trades between it's clients and other participants in the equity and currency markets.
An ECN broker should be the right choice of any trader for the following reasons:
- They offer tight spreads (bid/ask price) to their clients.
- They don't take the opposite trade to that of their clients, i.e. they don't trade against their clients
On the other hand, a non ECN broker, besides not being well regulated, can take the opposite trade of their clients. what it means is that they make more money when a trader is losing, and some of them can as well manipulate the trade to their advantage. So don't fall into the pit of just choosing any broker; try to do your due diligence before selecting a forex broker.

Our Recommended Rorex Broker

Our Recommended Rorex Broker
EXNESS is a regulated ECN broker (click on the above exness icon to open a demo/live account with exness)

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