Easy daily trading tips can be very useful to guide novice traders in starting their careers. As in any other business, forex trading also requires persistence and routine in order to achieve success. However, many novice traders admit to being stressed, bored, and tired of monitoring the market every day.

In forex, a system that is successful on one currency pair does not necessarily work on another pair. So, if from the beginning you have been day trading on too many pairs, then the results will not get better, but get worse. The benefits of some pairs can be reduced due to losses in other pairs.

We recommend that you review your trading system, choose which currency pairs are suitable and give good results when using this system and also choose the best forex broker. If the trading system is new and has never been used, try testing it first, you can use back-test or forward-testing.

First Easy Daily Trading Tips is to Manage Your Capital Well, Don't Use Too Big Lot

Many novice traders think that the bigger the lot being traded, the faster the profit will be made. In fact, this is a wrong view. Many professional forex traders recommend opening positions in small lots for day-trade (as opposed to if you intend to trade long-term).

Don't be provoked by other traders who say because day trading is short term, the Stop Loss and Target Profit will be small, so the number of lots needs to be enlarged. In fact, the greater the number of lots, the greater the burden on our minds, because the consequences of wrong predictions and loss positions are even greater.

The view that Stop Loss and Target Profit in day-trade will be small is also wrong. Many day traders manage to bring home tens or even hundreds of pips a day, as long as the moment is right and decisions are taken carefully. Therefore, you don't need to worry about having a hard profit if you open a position with a small lot.

Create a Daily Trading Plan and Carry Out Discipline

Another easy daily trading tips is; if daily-trading is done randomly, look at the chart at 8 am, then open it again at 11 if there is a chance, if it doesn't appear then check again at 2 pm, and so on, then, of course, you always feel uneasy. Over time, stress will arise, because you will continue to worry about the conditions, while you have other work to do.

An easy solution to this problem is to draw up a clear plan. For example, you commit to doing market analysis at 9 am, then open a position between 9-10 (current and pending execution) and set Stop Loss and Target Profit. 

After that, don't have to think about whether the execution went well or not, open the platform again at night. If it's a profit, take it. If you lose, accept it as the price of experience. Those easy daily trading tips can be done by every beginner.

Don't Set Daily Profit Targets

Often times, a trader's failure begins with chasing certain profit targets every day. You need to understand that no one can dictate the market. If today the market moves stagnant or is just calm, then no matter how many positions you open, you still won't get big profits.

Likewise, if by chance the market is in turmoil due to surprising rumors, then the results of your previous analysis may fail miserably. Instead of determining a daily profit target, you should set targets based on a longer period of time, such as ten days, one month, or others. By joining Didimax forex broker, you can learn about the best tips to be a pro trader.

That way, even if today and tomorrow you suffer a loss, the mental burden won't be so bad that it causes you depression. You can apply the easy daily trading tips above to hone your skills in this business so that you become professional.