Forex Tips

trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.

Forex Trading Tips:

*Trade with retail traders: if price breaks ‘Support or Resistance’ level
*Trade with the 'banks’: if price is within ‘Support and Resistance’ level
Trading Hours: any open session
Trading Style: scalping, daytrading, or swing
Trend Finder Time Frame = mt4[D1]
Lot sizes - nano[100($0.01)], micro[1K($.10\pip)], mini[10K($1\pip)], standard[100K($10\pip)]
No 'buy\sell' position while in the cloud
Oversold = Short(sell), Overbought = long(buy)
Trends are usually noted by “higher highs” and “higher lows” in an uptrend and “lower
highs” and “lower lows” in a downtrend.

strategy is important there is no way to deny but honestly speaking in spite of having most powerful analyzing trading strategy trading can be useless if there is no money management , so we have to ensure strong money management first of all.

yes success on every stage is depends on money management , first priority.

I am planning to start trading forex. A friend suggested this forum to get help from experienced traders. I hope I am in the right place for learning.

Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.

success is not easy we know very well but still we try to bring success with no learning , as a result we become loser when try to make it in practical.

you fixed up a nice point that is determination , this is the main habit we the people have to make sure in real life and also in a trading life. thanks to you.

There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.

 i dont believe any percentage, i just believe all about the consistency
 which is the main core to success at any section even trading place. 

its easy to make money from this trading place
if you have most powerful analyzing trade knowledge including risk management.

Forex is a profitable sector of earning money by sitting on your home. A little wrong put you in great danger.

90% or less doesn’t matter. Mostly loser from here not only due to lack of real market principle, they lose because they try to revenge from here after a huge loss. this is the foremost reason for 95% statistics.

It seems to me that many, because of their emotionality, cannot accept losses and continue trading.

Well, there are no shortcuts to success in life and in forex. Everyone has to walk down a path of hard work in order to become successful.

Start with a demo and practice until you satisfy.

It is best to avoid any unnecessary mistakes in trading.

I think it’s easy to get the idea that trading is easy or that you can make money quickly with little effort. We can thank trading gurus and influencers for giving it that imagine. However, many beginners learn quickly that this isn’t the case and I believe that accounts for the large percentage of failed traders out there. Those that do their research and whom don’t think of it as gambling have a higher chance of becoming successful.

While trading in forex, it would be better if you do sufficient practice on demo accounts so that the mistakes can be avoided while making live trades.