Before you start your journey as a trader, you need to decide how are you going to execute your trades. You must know what kind of information is required to enter or exit a trade. Some traders choose to look at charts to determine the best time to trade whereas others use technical analysis. Whichever methodology you choose, be consistent and your system should keep up with the dynamic environment of a market.
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly.
Broker is a big deal when it is time to make sure a successful trading life, because the broker can affects the result of our trading with certainly, we the traders can choose a broker which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker which allows trading concept such as this.
a good tip for beginners: do not spend any money on learning, as the internet is full of free resources. ' iMetaTrade ' has a database of free EA's, Indicators and Ebooks covering a range of topics, so it's worth checking out before spending your hard earned money!
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.