How to trade effectively in forex?
Bladiminmunro
Пользователь с Oct 15, 2020
58 сообщений
Nov 09 2020 at 09:47
I am not planning to become a hard core trader. I just want to quit my 9-6 job and make enough money to run my expenses.
Are there any strategies that should be a staple to avoid losses to some extent as I know the forex market is too volatile?
Are there any strategies that should be a staple to avoid losses to some extent as I know the forex market is too volatile?
Garrywilson
Пользователь с Oct 15, 2020
36 сообщений
Nov 09 2020 at 10:19
Is it only forex you want to do? Telling you, you might need a larger fraction of your initial time to get yourself acquainted with the basics and common tactics if you have just started. Definitely not a game of a couple of days, even take months for some.
I myself had to run in for 4 months before I saw a single trade where the profit equaled my loss, otherwise, there were no to little margins. I eventually learnt how to not blow my account, but still have lots to adapt.
I myself had to run in for 4 months before I saw a single trade where the profit equaled my loss, otherwise, there were no to little margins. I eventually learnt how to not blow my account, but still have lots to adapt.
Shaunmaxi
Пользователь с Oct 19, 2020
24 сообщений
Nov 09 2020 at 12:27
now, this is the motivation that you shouldn’t be giving to the starters. At least, you can be sensible enough to share your learnings.
EbonyJones
Пользователь с Jul 20, 2020
232 сообщений
Nov 09 2020 at 12:51
Forex is the best way to make money. but to make money you need to know all the basics of forex. So, gather all the basics of forex first, than invest in the forex market to earn money.
LeviSievwright5
Пользователь с Jul 20, 2020
285 сообщений
Nov 10 2020 at 01:30
Every trader should stay away from trading in volatile situations. And even if you get the opportunity of a good trade, you need to manage the trade and trade.
Garrywilson
Пользователь с Oct 15, 2020
36 сообщений
Nov 10 2020 at 04:38
I am nowhere demotivating anyone, just sharing some truth. Invest your time not money when you step into real time trading. I totally believe in strategising well so your trades are less towards the losing point.
I shared my experience of initial 4 months, isn’t that enough to count as mention of my learning?
I shared my experience of initial 4 months, isn’t that enough to count as mention of my learning?
Martingupttil
Пользователь с Oct 12, 2020
38 сообщений
Nov 10 2020 at 07:10
C’mon folks, let’s be on the topic here.
The most important thing acc to me is the selection of trading timeframes. Creating demo trading account is another thing to prepare yourself in virtual environment as you are not risking your real money - can count it as a step. Best is to start with a small investment so you know more about the market in case you lose. In that case, get in touch with brokerage firms that provide NBP. At least your losses won’t exceed your investment. Experienced this first hand when I saved myself from owing my money to the broker itself.
The most important thing acc to me is the selection of trading timeframes. Creating demo trading account is another thing to prepare yourself in virtual environment as you are not risking your real money - can count it as a step. Best is to start with a small investment so you know more about the market in case you lose. In that case, get in touch with brokerage firms that provide NBP. At least your losses won’t exceed your investment. Experienced this first hand when I saved myself from owing my money to the broker itself.
VictorAxel
Пользователь с Sep 18, 2020
31 сообщений
Nov 10 2020 at 07:17
One thing that I would tell you is that though forex offers great opportunities of money making, yet profitability takes time and hence you need to be really patient and focus on learning more as a beginner.
Pointingmark
Пользователь с Sep 30, 2020
24 сообщений
Nov 10 2020 at 12:02
Books. Learn more. If you have the right knowledge, you are in a better position to evaluate what’s being suggested to you.