Jul 17 2020 at 10:57
RSI is a great tool for me. Very good for picking trends and reversals. Especially when used on different time frames
Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
Jul 18 2020 at 10:40
protecting your capital is very important, it focuses on money management and risk management, its most important issue to avoid unfortunate risk and losses.
We the traders first of all have to take demo trading seriously for acquire most powerful analyzing fundamental trading knowledge which is very supportive to continue a live trading in a proper way. but practically we the traders who are particularly newcomers don’t believe the importance of this trading place at all. as a result almost 90% traders are loser from here due to lack of exact trading knowledge . so, we have to make sure demo trading continually for become a knowledgeable trader very rapidly.
the best tool is consistency , every success in life depends on consistency , its the real challenge or difference between fighter and loser.
Jul 20 2020 at 13:02
Tools:
trading client - e.g. mt4
trading device - e.g. your pc
internet connection - really needed :)
Skills:
trading knowledge - trading system
patience
emotion control
I would add best tool is EA as it works 24/7 without fear or emotions managing multiple positions on multiple pairs
trading client - e.g. mt4
trading device - e.g. your pc
internet connection - really needed :)
Skills:
trading knowledge - trading system
patience
emotion control
I would add best tool is EA as it works 24/7 without fear or emotions managing multiple positions on multiple pairs
Learning to choose the right trading tools is very important.
In my opinion trading with lesser tools have more chance of trade success. Sometimes, using or numerous tools confuse the trader and may incur a huge loss.
Aug 14 2020 at 17:13
The most important tool of forex trading is a reliable broker. Without a good and reliable broker, it is not p[ossibnle to trade in the market.
Good tools make trading more comfortable and profitable
Indicators are good if you know how to use them effectively. But there are also traders who do not use any indicators. Usually many Price action traders do not use indicators. They use candles and price.
Aug 18 2020 at 11:50
You need a reliable broker and basic knowledge about forex to trade in the forex market. Without these two tools, you can not make money from this market.
Sep 05 2020 at 17:21
Broker provide so tools to use in trading. However, traders should use all of them. Only mastering one or tool is enough to bring success.
Sep 07 2020 at 18:41
The most important tool in the forex trading is a good broker. Without a broker, you can not make trade in this market.
Oct 07 2020 at 07:03
Taking advantage of tools designed to help traders analyze potential investments can minimize risk and provide an edge in earning profits.
Oct 07 2020 at 07:05
The best tool is your own knowledge. Enhance your skills and knowledge to be a successful trader. Learning is indeed in the forex world. Don’t let your emotions enter into your journey.
the best trading tool is experience which comes from long time knowledge and practicing.
In order to me, it’s not a big deal to calculate how much pips you can earn . the main issue is consistency , that’s a big challenge and we can’t maintain this for all time when trading practically.
There are many tools available in the Forex market. And you have to trade by combining these tools. There are many problems due to different signals. However, if you can combine these tools, then the trading results will be much better.
Oct 13 2020 at 19:29
If you want to trade in this market you need to choose a good, reliable and regulated broker. A good broker will be your guide in this long trading journey.
