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People come into trading

inspirenez
Feb 16 at 10:24
59 příspěvků
jimmyneeesham posted:
inspirenez posted:
KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?

Well, the very first thing you should be doing is researching in detail about a regulated and licensed forex broker and start with demo trading. This will help you a lot to put your knowledge into practice. A demo account will basically give you an idea of how the real trading world works without having to worry about losing any money. There are platforms like MT4, MT5, and Acttrader offered by the brokers like Fxview, Pepperstone, Oanda, and Avatrade for you to practice and see if these fit well with your strategies. Remember, a good broker but a poor platform or vice-versa, won’t benefit you in any way.

shaunmarsh
Feb 16 at 10:41
65 příspěvků
jimmyneeesham posted:
inspirenez posted:
KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?

Another important strategy you can follow is to analyze the market on the weekend when it’s closed to study the weekly charts and notice the patterns that could affect your trading strategy.

MichaelEX
Feb 20 at 09:25
48 příspěvků
Many people come into trading because it is one of the best ways to earn money just by sitting at one place. People can make huge money out of it and can achieve their financial goals but trading is not an easy task, it demands a lot of time, effort and patience too.

Michihito
Feb 22 at 12:30
298 příspěvků
Trading is not possible by taking suggestion from some random guy. A pair doesn't always remain in the range or in the trend. And finding the starting point of a trend is the most difficult task. A pair ranging till today may start the trend in next few days. So it has no concrete answer. If you want to be a trader, you have to learn how to adjust with the changing market.

epeeminna
Mar 03 at 04:40
12 příspěvků
That is right and the learning process should be embraced by traders since it only helps them in the future. Better to start with scratch than regret later, I say.

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