flashoutline posted: I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades
Don’t expect proper instructions from your broker; they only provide basic level of guideline!
Most sucess people do achieve with something like for example stocks, lately I am completely dissapointed with FX market and want to try usual stocks, as for me it's much stable thing anyway for many possible reasons out there - I do not see that.
Imamul posted: In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
If you want to do successful trading in the forex market, you have to get all the knowledge and process of the market. On the other hand, you need to make a profitable plan to make money from this market.
Imamul posted: Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
That’s true. Trader should always analysis tier broker before choosing. See if this broker is good for your strategy or not.
Successful traders always plan according to the plan. Due to which they are protected from many unexpected moves. If you want to trade successfully, you have to learn trading first. If you don't learn and trade, you will never succeed. Money management and risk rewards must be followed in trading. And you have to be patient all the time.
Successful trading is the combination of so many things. You need a good strategy with good risk reward ratio. You also need discipline and ability to control your mind. You also should have a good risk management strategy to be successful.
Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
If you want to be successful in trading, you must follow the plan. It is very important to maintain the discipline to profit consistently. If a trader does not follow risk rewards and money management, he will never be a successful trader. The risk-reward formula must be applied to cover the loss in trading. And you have to keep a long time target and trade with patience.
UweMoench posted: Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
All those factors that you mentioned are on point. These are really essential to be a winner in forex. Just to add, I think proper research is also very important.
AliaDare posted: If you want to be successful in trading, you must follow the plan. It is very important to maintain the discipline to profit consistently. If a trader does not follow risk rewards and money management, he will never be a successful trader. The risk-reward formula must be applied to cover the loss in trading. And you have to keep a long time target and trade with patience.
Agreed. and of course dont forget analyze the market before openng trades.
Successful trading requires good strategy with money management, risk management, trade management, trading plan etc. If a trader maintains this important matter, he will one day become a successful trader.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.