Reitings: Full Star Full Star Full Star Full Star Empty Star
How to Be an Expert in Forex Trading: Some Tips
Iepriekšējās 1 2 3 4 5 6 Nākamais
RichardBills

Biedrs kopš Mar 25, 2015  74 ieraksti Richard Bills (RichardBills) Jan 17 2017 at 15:47
mlawson71 posted:
Great advice. I too, though, would say that there’s no need to stick to MT4 alone, there are plenty of platforms one can choose from, depending on what they need.


Precisely! There are also pure market research platforms that could be used as well in addition to support analysis, if the selected trading platform lacks capabilities. smiley

togr

Biedrs kopš Feb 22, 2011  3468 ieraksti vontogr (togr) Jan 18 2017 at 07:33
leo23 posted:
Steps:
=====
1.Study the forex market and mt4 usage
2.Find a system suitable for you
3.Backtest the system by strategy tester for at least 2 years of past data
4.Forward test the same system in demo account for 3 months
5.Forward test in cent real account for 3 months
6.Go for live trading in a standard account risking not more than 1% to 2 % per trade


Agreed

I like what I trade, I trade what I like
janettte

Biedrs kopš Dec 17, 2015  30 ieraksti janettte Jan 20 2017 at 14:06
johnnapiranha posted:
I've been learning all I can and practiced on demo for a year & half. I wanted to develop a strategy that works for me using as few indicators as possible. I ran 3 demo accounts into the ground before I was able to become profitable in demo for several months. I went live last week, and I feel optimistic. I met my goal for my first week. I'm hoping it will continue.


After 1.5 years I see it is still hot enough to cut it wink
Why would you like to use very few indicators?
Good luck in your live trading and keep up the good start!

mohdforex

Biedrs kopš Oct 26, 2010  21 ieraksti DailyProfits (mohdforex) Jan 29 2017 at 06:45
Understanding the very basics of candle movements is the best start. Why is the candle turns bullish or bearish? How does it move? Who move the prices? If u get the basics right, u don't need indicators to trade. Trading in demo is totally different from live account. It lacks the emotions that comes with trading your own money. The key lesson is money management. Get this right and your fundamentals right, you will a be a successful trader.

Let's Profit Everyday!
jackwilliams

Biedrs kopš Jan 30, 2017  22 ieraksti jackwilliams Jan 31 2017 at 13:27
Here are the few steps that according to me must be kept in mind while trading on forex:

1. Plan your goals and stick to it.
2. Select your broker carefully and also go through the terms & conditions.
3. Pick your account type, set the leverage according to your needs & expectations.
4. Get deep insight of the factors that can affect the movement of the market, study both technical and fundamental factors.
5. Always study your own success and failure and take notes properly.

If you follow the above mentioned steps you can surely achieve your goals and can become an expert in trading.

togr

Biedrs kopš Feb 22, 2011  3468 ieraksti vontogr (togr) Jan 31 2017 at 13:34
mohdforex posted:
Understanding the very basics of candle movements is the best start. Why is the candle turns bullish or bearish? How does it move? Who move the prices? If u get the basics right, u don't need indicators to trade. Trading in demo is totally different from live account. It lacks the emotions that comes with trading your own money. The key lesson is money management. Get this right and your fundamentals right, you will a be a successful trader.


Nope.
You need to learn the way to trade which suits to you.
This is not necessary candles...

I like what I trade, I trade what I like
MC85

Biedrs kopš Jul 09, 2015  48 ieraksti MC85 Feb 02 2017 at 15:04
jackwilliams posted:
Here are the few steps that according to me must be kept in mind while trading on forex:

1. Plan your goals and stick to it.
2. Select your broker carefully and also go through the terms & conditions.
3. Pick your account type, set the leverage according to your needs & expectations.
4. Get deep insight of the factors that can affect the movement of the market, study both technical and fundamental factors.
5. Always study your own success and failure and take notes properly.

If you follow the above mentioned steps you can surely achieve your goals and can become an expert in trading.


Yes, makes sense, indeed a common sense smiley Good luck to you in trading by these rules!

jameshallow07

Biedrs kopš Jan 30, 2017  12 ieraksti jameshallow07 Feb 05 2017 at 07:31
Investors have a troubling trait i.e. the more vagueness we face, the more anxious we get. The uncertainty of world event scares us. We have desire for somebody to make sense of it. However, no one can predict future. We are usually attracted to experts who claims what lies ahead for the economy & the market. Expert portfolios generally do not beat the market on a risk adjusted basis during the period of study. Holding this portfolio assists one to minimise the unnecessary risk which is not likely rewarded as a simple market index which has a diversified portfolio as a better option.

jackwilliams

Biedrs kopš Jan 30, 2017  22 ieraksti jackwilliams Feb 05 2017 at 07:32
MC85 posted:
jackwilliams posted:
Here are the few steps that according to me must be kept in mind while trading on forex:

1. Plan your goals and stick to it.
2. Select your broker carefully and also go through the terms & conditions.
3. Pick your account type, set the leverage according to your needs & expectations.
4. Get deep insight of the factors that can affect the movement of the market, study both technical and fundamental factors.
5. Always study your own success and failure and take notes properly.

If you follow the above mentioned steps you can surely achieve your goals and can become an expert in trading.


Yes, makes sense, indeed a common sense smiley Good luck to you in trading by these rules!


Thanks MC85 :) Good luck to you also for your trading. smiley

darrengreg

Biedrs kopš Feb 02, 2017  27 ieraksti darren (darrengreg) Feb 06 2017 at 12:57
I guess it takes a lot to become an expert in forex. You ought to be disciplined and patient and follow a proper trading plan to emerge as a successful trader. A clear mindset and thorough research can help you manage your risks and boost your earnings. Also one should learn to accept losses in forex. Some days you gain, some days you lose! But you learn constantly. Be consistent but do not overtrade. It surely is a hard win success but if you go by the forex rules, you can surely be an expert in forex.

Iepriekšējās 1 2 3 4 5 6 Nākamais
Redbook index (MoM) (11 min)
USD/CNY seen at 6.20 in 12-month – Dansk...(15 min ago)
EURUSD 1.23164 GBPUSD 1.39167
USDJPY 107.526 USDCAD 1.26709
FxPro

Tools

Kopiena

Apskats

Brokeri

Platforma

Atbalsts


Twitter |  Facebook |  Lapas karte  |  Noteikumi  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.