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Successful trading
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Imamul

Member Since Aug 09, 2017  324 posts Imamul Apr 09 at 13:40
for success Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.

Prakon

Member Since Feb 28, 2019  10 posts Prakon Apr 10 at 06:10
For true successful trading trader needs to know fundamentals. Somany trader look at technical and fail. The ones that are good and stay good are those that understand fundamentals and can read price movement

Imamul

Member Since Aug 09, 2017  324 posts Imamul Apr 10 at 11:50
when you have to be experienced about money management then you can consider trading as an easy issue , otherwise no way , every faction is uncertain in Forex trading , without money management no way to survive in here at all. 

AniLorak

Member Since Apr 18, 2017  701 posts AniLorak Apr 26 at 08:09
Prakon posted:
For true successful trading trader needs to know fundamentals. Somany trader look at technical and fail. The ones that are good and stay good are those that understand fundamentals and can read price movement


Basically; having a combo trading skill is very much important; only technical or fundamental is not enough.

Roberto21

Member Since May 02, 2019  77 posts Roberto21 May 13 at 11:34
Sometimes I got maximal result by using EA but I never depend on this. I always try to depend on my trading knowledge that I have acquired by passing a long time with great patience.

lovethepips

Member Since Dec 05, 2016  14 posts Samuel Morton (lovethepips) May 13 at 14:01

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.

If I can do it, so can you
AmDiab

Member Since Apr 18, 2017  538 posts AmDiab May 15 at 10:25
lovethepips posted:

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.


Money management & risk management is very much important to survive here! It helps to avoid unexpected losses in trading.

Treeny

Member Since Feb 08, 2019  80 posts Treeny May 19 at 06:05
lovethepips posted:

Profitable trading is all about having an edge, sticking with that edge and managing risk.

Those that are unsuccessful in trading either have no edge, trade on emotion or don't have strict risk management.


Well said Sir

Imamul

Member Since Aug 09, 2017  324 posts Imamul May 20 at 11:00
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

raybill

Member Since May 14, 2019  5 posts raybill May 21 at 06:57
Imamul posted:
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all. 

true! stop loss is must especially when you are a beginner.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.