How to trade effectively in forex?

Nov 09, 2020 at 09:47
Vistas 3,299
51 Replies
Miembro desde Apr 18, 2017   posts 718
Dec 14, 2020 at 12:59
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.  
Miembro desde Dec 16, 2020   posts 23
Dec 17, 2020 at 11:23
Shelby10 posted:
If you are new in this market, you should gain all the knowledge about the market.
Exactly. Learn to learn.
Miembro desde Jul 20, 2020   posts 232
Dec 17, 2020 at 14:05
If you can take risks in the forex market, you can easily make money from this market.
Miembro desde Aug 14, 2020   posts 40
Dec 18, 2020 at 08:16
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.
Miembro desde Jul 20, 2020   posts 341
Dec 21, 2020 at 20:56
You need proper knowledge if you want to become successful in the forex market.
Miembro desde Oct 26, 2020   posts 33
Jan 18, 2021 at 09:58
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.
Miembro desde Nov 19, 2020   posts 104
Feb 17, 2021 at 05:20
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.
Miembro desde Feb 04, 2021   posts 31
Feb 17, 2021 at 10:59
To trade effectively in Forex, one needs to maintain consistent practice and learning.
Miembro desde Jul 23, 2020   posts 759
Jan 04, 2022 at 07:23
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.
Miembro desde Apr 09, 2019   posts 538
Jan 04, 2022 at 12:45
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.
Miembro desde Jun 21, 2021   posts 33
Jan 05, 2022 at 06:30
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.
Miembro desde Jul 23, 2020   posts 869
Jan 06, 2022 at 04:23
There isn’t a shortcut in forex trading, it takes a lot of time and effort to develop winning strategies in the long term.
Miembro desde Mar 23, 2020   posts 63
Jan 06, 2022 at 08:38
Well I believe that, sufficient knowledge and accurate trading skills can definitely lead to trade effectively.
Miembro desde Mar 17, 2021   posts 536
Jan 06, 2022 at 17:33
TradeHut posted:
To trade effectively in Forex, one needs to maintain consistent practice and learning.
I completely agree with you.
Miembro desde Jul 26, 2019   posts 31
Jan 12, 2022 at 09:18
Effective trading implies the fact that you earn money due to traing, that's why it's called effective. I believe that the only option for you is to learn and practice. These twon things are the most important for a trader and there are no other options actually. Effective trading can be reached only due to the experience and knowledge. To my mind, you can reach these things only due to practicing. Some traders can practice without any kind of learning theory, however it depends on the trader. If you're skilled enough in trading and have some theoretical base, then practicing will be enough for you.
Miembro desde Nov 23, 2021   posts 34
Jan 14, 2022 at 07:10
There is no such strategy which you can use to avoid losses. Imagine if there would be one such strategy, why so many traders would have been failing so many times. Don’t waste your time on searching for a holy grail strategy. Focus on the ways you can use to minimise losses.This is the only effective way to trade.

Miembro desde Apr 28, 2020   posts 18
Jan 21, 2022 at 18:22
There are no particular rules in trading effectively. The main idea of trading is to have an ability to analyze and foresee the future price movement. Actually, everything on the market is concluded in this ability. In my opinion, effective trading means making profits, so if you want to start making profits then you should learn and practice a lot. You can consider trading as your primary occupation, because if we count the time which you should devote to trading, then it comes to classic working schedule. Of course, here nobody makes you follow this schedult, but discipline matters here as well.
Miembro desde Aug 24, 2020   posts 11
Feb 03, 2022 at 14:20
I think that there’s the only one way to trade effectively. It’s to trade everyday. To put that another way, you need to have enough practice. The more you trade the more effectively you do this. That’s a universal principle and it applies to anything. I don’t see any reasons why trading should be an exception.
Miembro desde Mar 28, 2021   posts 617
Jan 08, 2023 at 13:26
Majority of us are affected by poverty. Forex trading can be a solution to your poor financial condition. In this situation, Forex trading can be a great opportunity for career building.If you are investing in Forex for the first time, you should start with small investment.
Miembro desde Jan 27, 2023   posts 19
Feb 15, 2023 at 16:08
Know the Markets. ...
Make a Plan and Stick to It. ...
Practice. ...
Forecast the “Weather Conditions” of the Market. ...
Know Your Limits. ...
Know Where to Stop Along the Way
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