what are the key factors to consider while doing forex trading

I am a complete beginner in forex trading. i need to start forex trading but I don't know how to start can anyone give me guidance. Which factors i have to consider while doing forex trading

Hello i hope this helps!
Order will be by priority
1 Learn basics of trading (everything from lot sizes to order types and much more) --Stop Loss-- --Target--
2 Learn Support/Resistance levels that price previously respected multiple times.
3 Study risk management traders are actually risk managers .
4 Open demo account just to have a feel of the market. Play with demo on mt4/mt5 explore test play with lots orders win lose its a demo.
5 Watch Workshop Trading in the Zone with Mark Douglas There are 4 parts on Youtube watch all of them or read the book Trading in the Zone.
6 When you start trading to make profit aim small win 0.5% to 1% a day aways apply proper risk management
7 Watch the charts and analyse them ask them question why this why that try to understand why X thing happens.
8 STUDY STUDY STUDY STUDY!!!!
9 Open Live account here you will experience whole new level of trading and this one you shoud master! you will probably blow it and thats okay. No more than 1000$
10 Emotion is a bad trader ! learn to be calm and collected in front of the charts.

KuchetoLalala posted:
Hello i hope this helps!
Order will be by priority
1 Learn basics of trading (everything from lot sizes to order types and much more) --Stop Loss-- --Target--
2 Learn Support/Resistance levels that price previously respected multiple times.
3 Study risk management traders are actually risk managers .
4 Open demo account just to have a feel of the market. Play with demo on mt4/mt5 explore test play with lots orders win lose its a demo.
5 Watch Workshop Trading in the Zone with Mark Douglas There are 4 parts on Youtube watch all of them or read the book Trading in the Zone.
6 When you start trading to make profit aim small win 0.5% to 1% a day aways apply proper risk management
7 Watch the charts and analyse them ask them question why this why that try to understand why X thing happens.
8 STUDY STUDY STUDY STUDY!!!!
9 Open Live account here you will experience whole new level of trading and this one you shoud master! you will probably blow it and thats okay. No more than 1000$
10 Emotion is a bad trader ! learn to be calm and collected in front of the charts.

Great and valuable information you shared with me thank u so much for sharing this type of information with me and I'll definitely remember this factors. I will definitely start forex trading with small amount and i'll definitely take care about emotion in forex trading

Once again, thanks for the guidance

KuchetoLalala posted:
Hello i hope this helps!
Order will be by priority
1 Learn basics of trading (everything from lot sizes to order types and much more) --Stop Loss-- --Target--
2 Learn Support/Resistance levels that price previously respected multiple times.
3 Study risk management traders are actually risk managers .
4 Open demo account just to have a feel of the market. Play with demo on mt4/mt5 explore test play with lots orders win lose its a demo.
5 Watch Workshop Trading in the Zone with Mark Douglas There are 4 parts on Youtube watch all of them or read the book Trading in the Zone.
6 When you start trading to make profit aim small win 0.5% to 1% a day aways apply proper risk management
7 Watch the charts and analyse them ask them question why this why that try to understand why X thing happens.
8 STUDY STUDY STUDY STUDY!!!!
9 Open Live account here you will experience whole new level of trading and this one you shoud master! you will probably blow it and thats okay. No more than 1000$
10 Emotion is a bad trader ! learn to be calm and collected in front of the charts.

And btw i am learning about some automated trading software Recently, i found an automated trading software called PineConnector.one of my friends told me about this software so would you share your point of view about it?

PawanPunjabi posted:

KuchetoLalala posted:
Hello i hope this helps!
Order will be by priority
1 Learn basics of trading (everything from lot sizes to order types and much more) --Stop Loss-- --Target--
2 Learn Support/Resistance levels that price previously respected multiple times.
3 Study risk management traders are actually risk managers .
4 Open demo account just to have a feel of the market. Play with demo on mt4/mt5 explore test play with lots orders win lose its a demo.
5 Watch Workshop Trading in the Zone with Mark Douglas There are 4 parts on Youtube watch all of them or read the book Trading in the Zone.
6 When you start trading to make profit aim small win 0.5% to 1% a day aways apply proper risk management
7 Watch the charts and analyse them ask them question why this why that try to understand why X thing happens.
8 STUDY STUDY STUDY STUDY!!!!
9 Open Live account here you will experience whole new level of trading and this one you shoud master! you will probably blow it and thats okay. No more than 1000$
10 Emotion is a bad trader ! learn to be calm and collected in front of the charts.

And btw i am learning about some automated trading software Recently, i found an automated trading software called PineConnector.one of my friends told me about this software so would you share your point of view about it?

First understand the market and focus on becoming a good trader and when you are consistently profitable for a year then consider automating your strategy.
I am into trading in 2 years and i still holding back from EA which is trading bots. Looking for shortcuts will make it take longer to achieve success in long term. if you don't want to wait at least be profitable 3 months with real account. Market evolves so your bot will need to evolve if you don't understand the market you wont know how to adjust and adapt to the market .

KuchetoLalala posted:

PawanPunjabi posted:

KuchetoLalala posted:
Hello i hope this helps!
Order will be by priority
1 Learn basics of trading (everything from lot sizes to order types and much more) --Stop Loss-- --Target--
2 Learn Support/Resistance levels that price previously respected multiple times.
3 Study risk management traders are actually risk managers .
4 Open demo account just to have a feel of the market. Play with demo on mt4/mt5 explore test play with lots orders win lose its a demo.
5 Watch Workshop Trading in the Zone with Mark Douglas There are 4 parts on Youtube watch all of them or read the book Trading in the Zone.
6 When you start trading to make profit aim small win 0.5% to 1% a day aways apply proper risk management
7 Watch the charts and analyse them ask them question why this why that try to understand why X thing happens.
8 STUDY STUDY STUDY STUDY!!!!
9 Open Live account here you will experience whole new level of trading and this one you shoud master! you will probably blow it and thats okay. No more than 1000$
10 Emotion is a bad trader ! learn to be calm and collected in front of the charts.

And btw i am learning about some automated trading software Recently, i found an automated trading software called PineConnector.one of my friends told me about this software so would you share your point of view about it?

First understand the market and focus on becoming a good trader and when you are consistently profitable for a year then consider automating your strategy.
I am into trading in 2 years and i still holding back from EA which is trading bots. Looking for shortcuts will make it take longer to achieve success in long term. if you don't want to wait at least be profitable 3 months with real account. Market evolves so your bot will need to evolve if you don't understand the market you wont know how to adjust and adapt to the market .

First of all, thank you for clearing my doubt. I will definitely this key points. once again thank you for sharing valuable experience with me

When you're diving into the forex pool, you've gotta keep an eye on a few things. First off, market analysis is key, gotta know your fundamentals and technicals. Then there's risk management; don't put all your eggs in one basket. And let's not forget timing, forex is a 24/5 gig, so knowing when to make your move is crucial.