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Forex Tips

May 06, 2019 at 07:53
4,837 Views
109 Replies
Member Since Aug 27, 2017   994 posts
Nov 05, 2020 at 11:00
trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.
Member Since Aug 24, 2020   13 posts
Nov 05, 2020 at 19:10
Forex Trading Tips:

*Trade with retail traders: if price breaks ‘Support or Resistance’ level
*Trade with the 'banks’: if price is within ‘Support and Resistance’ level
Trading Hours: any open session
Trading Style: scalping, daytrading, or swing
Trend Finder Time Frame = mt4[D1]
Lot sizes - nano[100($0.01)], micro[1K($.10\pip)], mini[10K($1\pip)], standard[100K($10\pip)]
No 'buy\sell' position while in the cloud
Oversold = Short(sell), Overbought = long(buy)
Trends are usually noted by “higher highs” and “higher lows” in an uptrend and “lower
highs” and “lower lows” in a downtrend.
Be more financially free then yesterday.
Member Since Jun 26, 2020   327 posts
Nov 06, 2020 at 06:51
strategy is important there is no way to deny but honestly speaking in spite of having most powerful analyzing trading strategy trading can be useless if there is no money management , so we have to ensure strong money management first of all.
Member Since Apr 18, 2017   718 posts
Nov 06, 2020 at 13:57
yes success on every stage is depends on money management , first priority.
Member Since Oct 08, 2020   29 posts
Nov 09, 2020 at 10:21
I am planning to start trading forex. A friend suggested this forum to get help from experienced traders. I hope I am in the right place for learning.
Member Since Aug 27, 2017   994 posts
Nov 09, 2020 at 10:42
Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.
Member Since Apr 18, 2017   718 posts
Nov 09, 2020 at 11:46
success is not easy we know very well but still we try to bring success with no learning , as a result we become loser when try to make it in practical.
Member Since Jun 26, 2020   327 posts
Nov 12, 2020 at 06:45
you fixed up a nice point that is determination , this is the main habit we the people have to make sure in real life and also in a trading life. thanks to you.
Member Since Aug 11, 2017   886 posts
Nov 12, 2020 at 06:59
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Member Since Aug 27, 2017   994 posts
Nov 12, 2020 at 09:23
 i dont believe any percentage, i just believe all about the consistency
 which is the main core to success at any section even trading place. 
Member Since Aug 09, 2017   785 posts
Nov 13, 2020 at 08:58
its easy to make money from this trading place
if you have most powerful analyzing trade knowledge including risk management.
Member Since Jul 19, 2020   318 posts
Nov 13, 2020 at 18:59
Forex is a profitable sector of earning money by sitting on your home. A little wrong put you in great danger.
Member Since Aug 11, 2017   886 posts
Mar 22, 2021 at 06:25
90% or less doesn’t matter. Mostly loser from here not only due to lack of real market principle, they lose because they try to revenge from here after a huge loss. this is the foremost reason for 95% statistics.
Member Since Feb 16, 2021   29 posts
Mar 22, 2021 at 07:01
It seems to me that many, because of their emotionality, cannot accept losses and continue trading.
Member Since Jan 07, 2021   15 posts
Apr 05, 2021 at 10:48
Well, there are no shortcuts to success in life and in forex. Everyone has to walk down a path of hard work in order to become successful.
Member Since Jul 23, 2020   869 posts
Sep 08, 2021 at 22:08
Start with a demo and practice until you satisfy.
Member Since Jul 23, 2020   759 posts
Sep 08, 2021 at 22:36
It is best to avoid any unnecessary mistakes in trading.
Member Since Aug 05, 2021   401 posts
Sep 13, 2021 at 14:25
I think it’s easy to get the idea that trading is easy or that you can make money quickly with little effort. We can thank trading gurus and influencers for giving it that imagine. However, many beginners learn quickly that this isn’t the case and I believe that accounts for the large percentage of failed traders out there. Those that do their research and whom don’t think of it as gambling have a higher chance of becoming successful.
Member Since May 31, 2021   35 posts
Sep 16, 2021 at 08:30
While trading in forex, it would be better if you do sufficient practice on demo accounts so that the mistakes can be avoided while making live trades.
Member Since Mar 17, 2021   536 posts
Sep 16, 2021 at 18:51
LyudmilLukanov posted:
Start with a demo and practice until you satisfy.
A demo is the best place to learn all the basics of forex.
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