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How to trade effectively in forex?

ManUnitedBest
Nov 16 2020 at 11:50
10 posts
As has been said above to be effective at trading (or anything) you need knowledge. Without that you are just gambling. I am trying to learn (and take my time about it), rather than just jump in and loss all my money on high risk trades

AniLorak
Nov 16 2020 at 12:08
920 posts
i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place  and this greed comes from making profit from demo account. 

Faujinn
Nov 16 2020 at 14:13
39 posts
You can still make good money at the professional level with the broker Amarkets, which offers RAMM service and good trading conditions

Gergo_01
Nov 17 2020 at 07:53
23 posts
AniLorak posted:
i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place  and this greed comes from making profit from demo account. 

Agreed, demo trading somewhere, does make every trader think that he has become 100% efficient, not knowing that live trading is so much different.

Gareylinn509
Nov 26 2020 at 04:58
34 posts
When you are knowledgeable, you are already prepared for the typical situations. And when you are overconfident, you miss even the most obvious steps.

Duktilar
Nov 29 2020 at 12:00
96 posts
Indeed, sometimes overconfidence does not allow us to notice the obvious things.

Bladiminmunro
Dec 02 2020 at 09:13
59 posts
Duktilar posted:
Indeed, sometimes overconfidence does not allow us to notice the obvious things.

I think every trader should undertake trading psychology courses that are being offered these days. They might help to an extent.

Cizel89
Dec 03 2020 at 11:11
41 posts
Gareylinn509 posted:
When you are knowledgeable, you are already prepared for the typical situations. And when you are overconfident, you miss even the most obvious steps.

Agreed. That line between confidence and over confidence just makes all the difference.

Beagelv
Dec 03 2020 at 12:28
61 posts
Only your own strategy and desire to achieve a good result can bring efficiency in trading, so try to develop and direct all your forces to achieve the goal.

Bladiminmunro
Dec 04 2020 at 06:59
59 posts
Beagelv posted:
Only your own strategy and desire to achieve a good result can bring efficiency in trading, so try to develop and direct all your forces to achieve the goal.

I have what you can call a trading plan, I have my stop loss level in it, the strategy I intend to use and the max I want to go on limb with leverage.

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