Forex
Sep 10, 2017 at 07:57
In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.
Sep 13, 2017 at 13:51
Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.
Sep 13, 2017 at 13:54
Honestly speaking , You can earn money from various sources , but In Forex you have to pass a long time with great patience if you want to earn mney from here, and you have to ensure a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Member Since Sep 12, 2017
238 posts
Sep 13, 2017 at 13:55
Forex is becoming very popular with time as it is very suitable to earn money but as per the stats 90-95% of the traders are losing money and only 5-10% of the traders make money. This happens because most of the new traders are trading without the exact knowledge of trade. trading needs proper knowledge, a good plan to execute and most important a good broker who can provide a good platform and account as per the requirement.
Sep 13, 2017 at 14:47
I agree with you - knowledge is very important, but you need to have a strategy and to follow it. This is basically to put the knowledge in practice. Regarding the trading plan - you should choose the trading field (platform, broker, conditions ... etc) after you have your strategy and knowledge for trading.
Accept the loss as experience
Sep 17, 2017 at 14:36
Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.
Artificial General Intelligence
Member Since Dec 11, 2015
1487 posts
Sep 19, 2017 at 14:45
leo23 posted:
Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.
The caveat here is that this type of business takes quite a while to learn how to conduct well. One always needs a period of training when they begin a new job, but with Forex that period seems especially long and especially stressful.
Sep 21, 2017 at 06:52
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.
Member Since Dec 11, 2015
1487 posts
Oct 15, 2017 at 12:35
leo23 posted:
Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.
That is the gist of it, really. And it applies to all sorts of activities, not just Forex trading.
Oct 18, 2017 at 06:49
in Forex One good trick to do successful trading is what we do practice do with management. We should set a target and try to get it with plan . even small risks can help you to find your target. You can make small success that will turn to a big one.
Member Since Sep 13, 2017
19 posts
Oct 18, 2017 at 14:54
Easier said than done if you can't make a net profit
Oct 19, 2017 at 06:43
Admoni posted:
In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.
Forex is not a comfortable profession! It’s a challenging sector where more than 90% traders are the losers!
Member Since Feb 22, 2011
4862 posts
Oct 19, 2017 at 14:28
OK so lets make some real inputs
What is Forex?
Forex is foreign exchange, you buy or sell one currency and on contrary sell or buy the opposite side.
You dont trade this physically but as virtual number you are able to see on monitor and sometime withdraw to real money :)
It is known that many brokers do not send your trade to be executed as they rely on the fact that 95% traders are loosing their money. I believe if you are long term profitable (like me :)) broker has to send your trades to be executed so they dont need to pay the profit from their pocket.
Another fact: traders are loosing money as they want to become rich fast and without effort.So either the lack knowledge or discipline or sufficient balance.
What is Forex?
Forex is foreign exchange, you buy or sell one currency and on contrary sell or buy the opposite side.
You dont trade this physically but as virtual number you are able to see on monitor and sometime withdraw to real money :)
It is known that many brokers do not send your trade to be executed as they rely on the fact that 95% traders are loosing their money. I believe if you are long term profitable (like me :)) broker has to send your trades to be executed so they dont need to pay the profit from their pocket.
Another fact: traders are loosing money as they want to become rich fast and without effort.So either the lack knowledge or discipline or sufficient balance.
Oct 22, 2017 at 06:37
In Fx trading there are many mandatory things that we have to ensure if we want to get maximal result from our trading . first of all when we newcomers have to move Babypips school to acquire real trading knowledge and also trade in a demo account at any broker, but practically mostly traders don’t believe the importance of this trading place at all. as a result they fall a great loss when trading practically.
