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Steps to become a professional forex trader
em
Novos Negociantes
Sep 23, 2016 at 08:45
Forex trading has a great profit potential and meets different trading requirements. But it's not the hard work that works in Forex trading but how smartly you trade that matters. That is why 90% traders lose. If you are smart enough then you can definitely make money with time. But before stepping into the real market, you need to follow some rules to become a professional trader:-Market psychology: Try to understand market psychology and reasons behind how it is reacting that way. More you understand the market fundamentals; more will be chances to gain in the long run.Get to know Forex...
What do you wish to achieve through forex?
em
Novos Negociantes
Sep 21, 2016 at 12:22
Everybody wants to make money. Initially I decided to trade in Forex just to make money. But with the passage of time it becomes my passion. No doubt it's risky but risk is everywhere. You can't miss or avoid an opportunity to earn profit just because it is risky. I always stick to one thing " hard work pays off " .There are no shortcuts to success , so if you understand every single aspect of market, practice a lot, gain experience , refine your trading skills nobody can stop you from making money. But above all this, firstly you should have only a realistic expectations, do...
Intraday Trading is gambling
em
Novos Negociantes
Sep 16, 2016 at 06:42
Well, Intra-day trading is a nerve racking job mostly suited to the well discipline traders with whole length knowledge of current market environment and who are firm enough to take a high degree of risk. Constant attention is needed to go through the 5 or 15 minutes charts and fix the positions accordingly. Intra-day trading demands active trade which shoots up the trading cost as well. For a newbie trader, intra-day is like taking a shot in the dark which often ends up in losses. An intraday trader needs to be highly disciplined with strict stop losses and profit targets as intraday volatili...
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