The time it takes to be successful in forex depends on each and every individual's capacity. Some may become successful in a short period of time while some will need a long time.
Never Ever Give Up
Sep 16 2020 at 08:57
yes, there is no shortcut to be successful. One has to gain knowledge and practice
Sep 16 2020 at 09:09
One will be the luckiest who can find the shortcut to success.
Sep 16 2020 at 19:49
Every trader should choose the best broker for the market. They can take help from the websites that provide broker reviews.
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Sep 17 2020 at 08:16
If you want to succeed in forex trading, yoiu need to have proper knowledge and education with proper experience. Because it is a very risky market.
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.
Oct 25 2020 at 09:26
which trading pair which more appropriate it depends on your trading condition. if love doing scalping should choose the pair which has lowest trading spreads.
automated trading is a source to bring profit even though there is no trading knowledge and experience , so of course someone can use it with no doubt.
Oct 30 2020 at 11:30
Forex is a most profitable business. If you have enough knowledge about the market, you can make a huge amount pf money from this market.
Nov 02 2020 at 01:43
It is not possible to make a profit in trading without trading practice. Developing skills as a trader is very important. If a trader trades without learning, it is never possible for him to achieve success.
LeviSievwright5 posted:
It is not possible to make a profit in trading without trading practice. Developing skills as a trader is very important. If a trader trades without learning, it is never possible for him to achieve success.
You are right. If one wants to be successful in forex trading, then learning and practice shouldn't be compromised at all.
Nov 02 2020 at 09:08
Roberto21 posted:
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.
You are right, majors are more liquid, they are a good choice, especially for beginners.
Nov 02 2020 at 12:10
Forex is a risky business. If you don't have p[roper knowledge and experience about this, you can not make money from this market. You may lose all your investment because of you r low knowledge.
Nov 04 2020 at 09:09
Knowledge is a very important aspect of trading forex. You must be well prepared for the market and should know how the trade works. This will help you form a strategy and you will succeed as a trader. Hard work and practice can really help you.
Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.
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.
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.
*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.
Nov 06 2020 at 06:19
The right information and knowledge are two of the most essential aspects of Forex trading. You should have a good idea about how everything works before starting with Forex trading. Your skills and strategies will benefit your trade even more.
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.
