Nov 02 2020 at 01:43
It is not possible to make a profit in trading without trading practice. Developing skills as a trader is very important. If a trader trades without learning, it is never possible for him to achieve success.
LeviSievwright5 posted:
It is not possible to make a profit in trading without trading practice. Developing skills as a trader is very important. If a trader trades without learning, it is never possible for him to achieve success.
You are right. If one wants to be successful in forex trading, then learning and practice shouldn't be compromised at all.
Nov 02 2020 at 09:08
Roberto21 posted:
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.
You are right, majors are more liquid, they are a good choice, especially for beginners.
Nov 02 2020 at 12:10
Forex is a risky business. If you don't have p[roper knowledge and experience about this, you can not make money from this market. You may lose all your investment because of you r low knowledge.
Nov 04 2020 at 09:09
Knowledge is a very important aspect of trading forex. You must be well prepared for the market and should know how the trade works. This will help you form a strategy and you will succeed as a trader. Hard work and practice can really help you.
Nov 05 2020 at 08:10
Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.
Nov 05 2020 at 11:00
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.
Nov 05 2020 at 12:03
now i m using demo account to see my price action trading strategy, really its supporting me right now.
Nov 05 2020 at 19:10
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.
*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.
Be more financially free then yesterday.
Nov 06 2020 at 06:19
The right information and knowledge are two of the most essential aspects of Forex trading. You should have a good idea about how everything works before starting with Forex trading. Your skills and strategies will benefit your trade even more.
