Forex and its earning

The success is depend on trading knowledge, so we the traders have to make sure the best source to acquire real trading knowledge, on the other hand, despite of good trading knowledge that’s not possible at all to achieve success without having a reliable support from a credible trading broker, because the broker can affects the result of our trading with certainly.

Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.

Imamul posted:
Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.

Do you have any concrete advice?

Only risk what you are prepared to lose!

RedPips posted:
Only risk what you are prepared to lose!

True. And never risk money that aren't yours.

Now that people know I do Forex trading, loads of friends want me to tradew with their money. It's nuts. It is hard telling them no everytime

Patience. Small risk then patience and patience. I can do as little as like 1% per month and with a good R:R ratio and I am happy about it.

Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.

There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!

MM is very important, especially for a newbie. Best to start on demo i think

Always diversify with various regulated brokers and low risk systems & strategies with low risk. Use Stop Loss.

wmsgfred posted:
Always diversify with various regulated brokers and low risk systems & strategies with low risk. Use Stop Loss.

I am all for difersification, but one should also remember not to go overboard with it or following all of one's accounts can be difficult.

This market is too much volatile and there is nobody who can predict the real faction of this market with certainly , that’s why for keeping survive in here we the traders have to depend on our trading strategies that we select according to our trading experience. First of all we traders have to ensure real money managing plan if we get maximal result by our trading strategies.

I am pretty sure that professional traders profiting from the market are able to predict its movements through analysis to a decent degree of certainty.

as a newcomer, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or don’t expect to get profit in the first two months. But practically mostly newcomers don’t believe the importance of demo account and try to make money very rapidly without learning.

How do you know most newcomers don't believe in demo trading?

Too long demo trading may let you build some wrong market understanding and to get afraid of start trading with real money :)
It is really good when you have to learn how to work with different trading platform or to test new strategy in conditions similar to real without any risk (to get approximate overview how the system would deal, but still not exact due to luck of real execution) :)

BaldoN posted:
Too long demo trading may let you build some wrong market understanding and to get afraid of start trading with real money :)
It is really good when you have to learn how to work with different trading platform or to test new strategy in conditions similar to real without any risk (to get approximate overview how the system would deal, but still not exact due to luck of real execution) :)

That's true. One has to take off the training wheels at some point, or at least put smaller ones by opening a small initial account.

According to me, the trading can be easier if you have proper trading plan , real money managing approach , knowing the ability how to manage risk , real time of using Stop Loss , proper trading analysis and much more. Otherwise not.