What does profitable trading depend on?

Many beginners wonder why, despite all their efforts, they cannot succeed in stock trading.

What does profitable trading depend on, why does someone make millions on the stock exchange, and someone loses it there, what basic conditions must be met to make a profit?

Let's move on to an overview of the reasons that are the basis for profitable trading on the Forex exchange:

1. Qualification - knowing which button to press to open a transaction is not yet a basis for calling yourself a trader.

The profitability of transactions and the amount of losses received depend on the amount of theoretical knowledge and practical experience.

2. Technical equipment - a good computer and stable Internet, this is one of the conditions that ensures that the trading terminal does not freeze and there are no connection interruptions.

3. The right broker is not an unimportant component; if this moment is missing, you will be faced with unstable server operation, changed quotes, slippages and requotes. This is not to say that reliable Forex brokerage companies are completely free of all disadvantages, but you need to at least choose the lesser evil.

4. Timing - first of all, you should exclude opening transactions at times when there is a high probability of losses (weekends, holidays, news releases), and secondly, use every opportunity to make a profit.

5. Risk calculation - although scalping is one of the most profitable strategies on Forex, it is advisable not to use leverage of more than 1:50 in trading.

6. Help - when trading you should not rely only on your own strength, always use third-party analytics, indicators and Forex scripts.

Combined with your knowledge, this significantly increases the chances of success. 7. Money management - some people think that money management is only about placing stop orders, in fact, this discipline also touches on many other issues.

Profitable trading can only be ensured by a set of measures to organize it and open transactions; simply clicking on the buy or sell buttons will quickly leave you without money.