Jan 25 at 02:32
To shine and be successful in forex you must have good knowledge and skills and after learning you must practice with a demo account to get good trading experience.
Williamfreed posted:Practicing on a demo account can make a trader effective and skilled.
To shine and be successful in forex you must have good knowledge and skills and after learning you must practice with a demo account to get good trading experience.
Jan 27 at 07:07
To shine in the forex market a trader should have good knowledge of market conditions. Having knowledge of fundamentals and technical analysis will give a trader an edge in trading.
Jan 31 at 06:08
In order to shine in the field of forex trading, make sure to come fully prepared. Find the right trading strategy and backtest it on the demo account.
Jan 31 at 06:38
Certain qualities like patience and emotion control are required to be successful in forex. If you can be disciplined and be consistent while trading, there is no thing that can stop you from shining.
People who have been successful in forex have consistently traded with discipline and patience. If one has those traits, I am sure that there is nothing that can stop the person from shining as a forex trader.
I believe that this is no longer the most important task for a trader. The main task is to make a profit.
Feb 02 at 17:52
It takes a lot of self-discipline to be successful. If you give into your emotions, you'll inevitable wipe out your account.
To shine in forex trading, you don’t have to focus on profits, but a successful trader is also the one who can protect his/her capital from adverse trading conditions by using smart risk management strategies. So, keep a couple of things in mind while trading, find the most suitable entry and exit points, and use take profit and stop loss at the right price level.
Feb 23 at 10:46
pipham posted:
To shine in forex trading, you don’t have to focus on profits, but a successful trader is also the one who can protect his/her capital from adverse trading conditions by using smart risk management strategies. So, keep a couple of things in mind while trading, find the most suitable entry and exit points, and use take profit and stop loss at the right price level.
But what is the 'suitable entry and exit' and the 'right price level' for a stop loss. That is what is hard in forex and what makes it difficult to shine
The right attitude and approach to trading is essential for getting anywhere. Focus on risk management from day 1 not once you're live and wondering why your capital is leaking through your fingers. Creating and setting good habits for sustainability in your learning and practice is required to see you through the tough times and to help carry you through the various transitions you will experience such as going from demo to live.
If you can't spot the liquidity then you are the liquidity.
The most important aspect is experience. The more experience a trader has, the more chances for a positive result.
Feb 24 at 04:35
UweMoench posted:It’s all about your own trading skill, I don’t think anything like fixed trading strategy is useful in this volatile market; nowadays Forex market is less volatile than before, so you cant make exact same amount right now as like 2013-14 with the similar trading attitude!
To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They continue running for strategy without making themselves capable.
The best way to shine in forex is by learning and working hard. There are no shortcuts. Learn, apply, backtest, and repeat.
Concentrting on the proccess as opposed to the money.
Employing proper risk management from day 1 .
Knowing your strategy has an edge and letting this take you through the rough patches and onky takung the best possible setups
Employing proper risk management from day 1 .
Knowing your strategy has an edge and letting this take you through the rough patches and onky takung the best possible setups
Mar 01 at 02:11
Forex is a life change oppurtunity for the professional traders but not only for those this is also a oppurtunity for the beginners of the forex tradinhmg because this is easy to learn and do.Forex is a simple work to do.
Forex is indeed a life-changing profession. I have seen people struggling and later shining after switching their career to forex trading and I think to shine in forex, profit is what is needed the most! I am new to this profession and I trade with a broker. And My life is much better now.
For this, it is important to have experience. I think this is the most important thing for a trader right now.
Drawing a roadmap according to one’s free thought in Forex is really difficult because Forex changes the horizon of one’s destination. However the complex trading style makes anyone puzzle here. So, to shine from Forex, a trader should learn more and more and have to apply those earned knowledge on demo account.
