Trading the Forex market is a skill nurtured over time.
Yes, one may opt to use the skill of other traders and copy trades.
However, if you have the time and patience to be one of those expert traders, you should know early on to befriend the market.
It means not 'refusing to be wrong’.
A trader may deploy a refined risk management strategy—stop loss, take profit, trailing stops, and continuously improve a strategy.
Note that a trader is left to chase the market by refusing to be wrong rather than admit that a trade isn't just working out.
As a trader, the primary goal, at first, is to protect what you already have. If wrong, exiting the market can be the best strategy rather than hanging on and ending up with a zero-balance account.
It may be hard to admit to a mistake, but admission is the beginning of developing finesse.
ISPASS Technologies Ltd, a software provider, is a registered company in Cyprus, with registration number HE394419 and has its registered address at Nikolaou Nikolaidi 3, Flat/Office 205, Paphos 8010, Cyprus.
360 Degrees Markets Ltd is a registered company in Seychelles, with registration number 8421720-1 and has its registered address at Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. 360 Degrees Markets Ltd is regulated by the Seychelles Financial Services Authority under the Securities Dealer license number SD019.
All payments through Skrill and Neteller are processed by 360 Degrees Markets Ltd.
AltumFx does not accept residents of certain jurisdictions such as USA, Canada, Iran, North Korea and Russia.
Since AltumFX is not under the supervision of the JFSA or ESMA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to Japan or in the European Union countries and this website is not aimed at residents in Japan or in the European Union countries.
Risk Warning: Trading any kind of financial instrument, including derivatives, carries a high level of risk and may result in the total loss of your investment. You should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors. By trading with AltumFx, you acknowledge your understanding of this risk warning and your agreement with the Terms and Conditions. AltumFx always recommends you seek independent advice if necessary.