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How to trade effectively in forex?

Shelby10
Dec 11 2020 at 13:50
140 posts
If you are new in this market, you should gain all the knowledge about the market.
AmDiab
Dec 14 2020 at 12:59
718 posts
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
Brank_A
Dec 17 2020 at 11:23
19 posts
Shelby10 posted:
If you are new in this market, you should gain all the knowledge about the market.
Exactly. Learn to learn.
EbonyJones
Dec 17 2020 at 14:05
232 posts
If you can take risks in the forex market, you can easily make money from this market.
KenAdams
Dec 18 2020 at 08:16
40 posts
EbonyJones posted:
If you can take risks in the forex market, you can easily make money from this market.
Yes. Higher the risk higher will be the profit.
ElliotCooke
Dec 21 2020 at 20:56
341 posts
You need proper knowledge if you want to become successful in the forex market.
GordonDenzil
Dec 24 2020 at 12:46
55 posts
To trade effectively in forex is by learning something new because forex knowledge is unlimited and by building new skills for various profit-making strategies.
sailingconsist
Jan 18 2021 at 09:58
33 posts
If you want to be a trader, I suggest you begin with the basics and learn how the market works. Try to look at different strategies as well.
debramaldonado
Feb 12 2021 at 12:07
21 posts
That is great! I hope it works out fine for you and in order to avoid any losses, you can try using stop loss or limit orders for your trade. Good luck to you.
Joz8
Feb 17 2021 at 05:20
104 posts
Work properly on your skills and trade with a plan intact. The moment you let emotions and fears affect your trades, you'll loose the plot. So confidence, skill building, planning and patience are the keys.
TradeHut
Feb 17 2021 at 10:59
31 posts
To trade effectively in Forex, one needs to maintain consistent practice and learning.
hitterbull
Feb 24 2021 at 10:35
32 posts
You can begin by setting how much you want to risk per trade. Making a systematic analysis of that can really help you in the future. Try to use stop loss wherever you can to avoid any potential losses.
Tremblay
May 24 2021 at 17:03
330 posts
TradeHut posted:
To trade effectively in Forex, one needs to maintain consistent practice and learning.
Practice is very much needed to make a good trading career.
SofieAndreasen
Jan 04 at 07:23
759 posts
Forex trading is one of the most exciting opportunities you could ever experience. The risk/reward ratio is high and the potential for making loads of money is quite possible.
Seb King (sebking1986)
Jan 04 at 12:45
507 posts
Perhaps look into other income streams online to help with your goals. Stop trying to avoid taking losses, they will always happen. Your risk management plan however is paramount to survive long term.
If you can't spot the liquidity then you are the liquidity.
skihav
Jan 04 at 17:49
801 posts
You need to learn. It should be understood that in this industry, experience is of the essence. At least, I would advise you to pay attention to this.
TroyTheTrader
Jan 05 at 06:30
33 posts
SofieAndreasen posted:
Forex trading is one of the most exciting opportunities you could ever experience. The risk/reward ratio is high and the potential for making loads of money is quite possible.
Agreed, provided you work for it in terms of strategy building, risk management and emotional management.
LyudmilLukanov
Jan 06 at 04:23
822 posts
There isn’t a shortcut in forex trading, it takes a lot of time and effort to develop winning strategies in the long term.
Cizel89
Jan 06 at 08:38
63 posts
Well I believe that, sufficient knowledge and accurate trading skills can definitely lead to trade effectively.
SteveHanks
Jan 06 at 17:33
536 posts
TradeHut posted:
To trade effectively in Forex, one needs to maintain consistent practice and learning.
I completely agree with you.
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