Forex Tips

SteveHanks posted:

LyudmilLukanov posted:
Start with a demo and practice until you satisfy.

A demo is the best place to learn all the basics of forex.

Absolutely, and I would like to add one more point to it , avoid revenge trading at all costs, instead adopt sound strategies and trading plans.

@marcusobrien Yes you are right. Revenge trading is a killer. We can't take trading decision out of emotions. Loss is a part of trading. If you lose a trade, wait for the right opportunity to open next trading.

It's really crucial in currency exchange to use a continuous program or simply follow the protocols set up for this program to get the maximum profit. Let's assume that goes on to get the maximum profit available and all at once encourage their results.

skihav posted:
There are so many different tips now that there shouldn't be any reasons for a trader to make mistakes.

Traders fail not because of lack of tips but because they can't follow them due to Indiscipline, greed and fear

Keeping your Risk to Reward Ratio to 1:2 is an ideal whenever you are trading. Will be useful for your trading in long time.

skihav posted:
There are so many different tips now that there shouldn't be any reasons for a trader to make mistakes.

Making mistakes in this market is a common thing. Every trader has to make their mistakes as their learning things to become successful in this market.

There are plenty of forex tups, Actually, every trader points tips by himself according to his trading style and strategy. Some strategies can imply rushing and it's okay, however i's not preferable for novices of course. Beginners should comply with several major and important tips, such as never open a position against the trend, always try to determine the price movement direction, never rush and never play with revenge trading. All of these tips in my opinion are pretty significant and can help new traders to save their money on their initial stages in trading activity.

GraceGilm posted:
the main thing is to work according to a normal strategy and with a reliable broker, then everything will depend only on your skills and knowledge

Besides knowledge and skills, you need a regulated broker to make money from this market.

AhmadAli89 posted:

Gracewilson1995 posted:
yes, there is no shortcut to be successful. One has to gain knowledge and practice

So true, it takes such a long time to learn Forex business! There is no shortcut way in there, in addition which traders try to make quick money here without learning, end of the day they are the losers!

have you tried copy trading?