What beginners in FX should first remember is that, more than entry techniques,
What beginners in FX should first remember is
not entry techniques but "fund management".
No matter how good a method you learn,
if you can't manage your funds, you'll eventually be out of the game.
The worst is losing most of your funds in one shot.
If you have no funds left,
neither methods nor backtesting matter.
In the first place, you won't be able to trade.
So, concretely, what should you diligently do?
It's not difficult,
・Decide your loss-per-trade in advance
・Enter with a lot size that does not exceed that amount
・Place a stop-loss at the same time as entry
・Do not move the stop-loss in a direction that increases losses
At minimum, commit to just this much.
You can't control which way the market will move,
but you can control "how much you lose when you fail".
First, survive.
Study to win starts from there
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