Making money from the forex market is not so easy. You need the proper knowledge and skills to make money from this market. Without knowledge and skills, it will be very tough to survive on this risky platform.
i feel, people fail due to their bad habits , generally we think some mistake causes of failing but its not true , mistake is very common issue but if you do same mistake again and again then of course you will fail.
Ariest posted: Poor preparation and little time spent on a demo account do not give a very good result, I have been practicing on a demo account for a long time.
Yes. If you want to become a good trader you have to give proper time to the market.
so true! and i would add something. study, test and learn from mistakes. traders and trading have nothing to do with being lucky or unlucky. it's all abouth maths (better to say statistics). it's about reading and extracting information from the dataflows market is sending you via the platform. read articles and understand the hidden logic of every indicator. example : are you really sure you know what RSI is? what is mathematical fundament and how it could be a good or bad companion? many use indicators not knowing the hidden meaning of them, just as those indicators were nice coloured gadgets promising to make you rich. no, it doesn't work like this. study, study, study, understand, test, fail and then learn from errors.... and then recycle.
Market has no memory. Here and Now are your best indicators.
AliaDare posted: Gaining profit from the forex market is not easy. Only proper knowledge and patience help the trader to make a consistent profit. However, you can learn the information you want online.
I completely agree with you. Knowledge is the most important thing in this market to survive.
ForexDodo posted: How do I get money from those who copied from my account Are you choosing ( meta teadr 4 EA ) OR ( meta trader 4 EA publisher ) ?
May I know if you are talking about copy trading? If you are talking about copy trading, first talk to your broker whether they offer copy trading or not, and then ask the whole procedure to earn money by copy trading.
I don’t think there’s a way to do so unless you share paid signals or take money to let traders copy your trades. Moreover, anyone can do what you are doing because everything is mentioned in the forex books. So, you will have to show traders something extraordinary that you have been doing.
To earn money from forex trading, it is of immense importance to conduct planned trading with the right strategies. You can seek the help of a guide or a mentor if you are new to the system who can help you conduct trade appropriately.