My friend has the sole purpose of learning to be able to trade in the market. Fanara believes that although he has no innate trading talent, the ultimate goal is to prove that he was born as a Trader.

Fanara spent so much time in the market that he quit his job. From now on only trading and trading. Fanara once swore that the market would be the place to help him make the first $1 million.

Fanara has such a huge and rare belief in such a man.

Time passed, after having learned everything about the market and successfully tested his method on the demo account, Fanara felt the opportunity was ripe, it was time to open a real account and prepare for big profits.

Indeed, from the beginning, Fanara has followed the process of a true trader, hardening his knowledge, trading on a demo account to make sure so it is not strange that he earns more than 1000 pips. in the first month of the transaction. This is a fairy tale, almost a few losses, the rest are winning orders.

Fanara's principle is to never close at the entry point. Either lose or win with the desired Risk: Reward ratio 1:2 (lose 1 but win 2). To friends and fellow traders, Fanara became a person who made many people jealous and admired him. Perhaps it is so, Fanara succeeded in proving to himself and everyone that he was born to be a trader. His two most used forex trading strategies were [FURL=https://brokerreview.net/day-trading-strategy] day trading strategy[/FURL]and [FURL=https://brokerreview.net/swing-trading-strategy]swing trading strategy[/FURL].

Success so quickly made Fanara a little distracted. He has overlooked important factors in the market, but this factor determines the long-term success of a trader. Fanara knew, but maybe his eyes were obscured by the aura of success before his eyes.

Fanara started to pay less attention to the value of something extremely large, this can be said to be an indispensable tool for experienced traders but is something that new traders often despise. Yet Fanara, the successful one gradually forgot about it - Stop Loss.

Stop Loss is no longer a concept that Fanara values when opening any transaction. With this in mind, the Risk: Reward ratio, trading volume, and even leverage ratio are no longer on the list that Fanara must consider regularly. He removed the D1 time frame (D1 used to see the trend of that day) and just focused on exactly one M5 time frame. It seems that the Management aspect has been marginalized by Fanara and is something that interferes with his enrichment process. He removed it, even though his fellow professionals, such as Mario Draghi, had warned him about it.

Winning long and ultimately is not a matter of taking a single order, losing a few orders, but how to maintain a higher profit than a loss. Capital management is the tool that solves that problem.

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