trading basic

Forex forum is the most active way of learning, here we novice traders can ask any question according to our trading issues! Basically, I joined here without any personally trainer, and then I have learned news trading through using popular Forex communities like EarnForex, I see expert members share their analytical thoughts here so keenly, so it’s a friendly environment for learning!

Roberto21 posted:
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.

true

imzombie13 posted:
can anyone explain me tech analysis😐

Technical Analysis identifies trading opportunities in price trends and patterns which we see on the charts and analyst observe the past trading activity and price changes(movements) of a security.

A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.

Emotion is such a tricky beast to control. You can think you have it under control but then after 5 losing trades in a row it all comes back

lazilybento posted:
Emotion is such a tricky beast to control. You can think you have it under control but then after 5 losing trades in a row it all comes back

Using automated trading systems (EAs) can help you to control the beast ;)
Just find a good EA, set it up and let it run / work for you.

imzombie13 posted:
can anyone explain me tech analysis😐

It is a kind of analysis which is employees to evaluate investments and identify opportunities by analyzing statistical trends gathered from trading activity like price movements and volume.

the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

willtradr posted:

imzombie13 posted:
can anyone explain me tech analysis😐

Technical Analysis identifies trading opportunities in price trends and patterns which we see on the charts and analyst observe the past trading activity and price changes(movements) of a security.

Yaa right technical analysis is a just a way to analyze trends in price movements. Traders use price and volume charts along with a number of technical indicators to make rational trading decisions.
So by using past prices traders predict prices for future.

Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.

Mohammadi posted:
A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.

I think consistency is the point; only successful traders are consistent here. Of course, they are not making 100% success ratio; but trading with a decent return!

I agree with you. Keeping them at bay is one of the major challenges i face as a trader.

Tons of resources out there for tech analysis. Probably a lot on this forum to get you started :)

AniLorak posted:
I think consistency is the point; only successful traders are consistent here. Of course, they are not making 100% success ratio; but trading with a decent return!

i agree, consistency is what beginners should focus on while starting,it is that'll help them in the long run.

VirgoG posted:
i agree, consistency is what beginners should focus on while starting,it is that'll help them in the long run.

Not only the consistency, but also the discipline and the mentality level as well. Without those, you cannot make a good decision and letting the emotion getting in the way and as a result, there is no consistency level in trading.

The main thing is to evaluate yourself objectively. You should know your strengths and weaknesses and only then will you be a trader who can succeed. All other things stem from this basic principle.

If you want to become successful in this market, you need to learn all the basics of forex properly. You can learn forex from a demo account.

@Mohammadi

Its too much to tell about in a comment.
Google is best for such queries.

In simple words trading is a table with three legs.
1.technical analysis. -deals with mathematics involved in charts
2.fundamental analysis. -deals with global news and their incoming data via economic calendar
3.sentimental analysis. - deals with gross long and short positions in an instrument at current time.

Now you can keep googling more about this.