It's hard to resist the temptation, and blowing up accounts has become a common occurrence! Seeing others make money makes my heart itch, but I must say, it's best to treat it as a small-scale investment and not get too carried away.
First, don't always think your intuition is spot on; the key is to watch market trends and not just listen to what others say.
Second, you need to grasp the basic concepts, such as standard lots, spreads, commissions, and also technical indicators like MACD, KDJ, moving averages, and Fibonacci retracements, all of which you should understand.
Third, maintain a good mindset; even when you make money, don’t get too carried away—this is very normal. You should also have a basic understanding of forex knowledge.
Fourth, talk more with experienced traders; learn their trading methods, skills, and insights. This is much better than blindly exploring on your own.
Fifth, keep learning about gold investment knowledge to improve yourself. Summarize each day; practice is the hard truth. Engaging in real trading is the only way to truly get started in forex trading.
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