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Forex and its earning

Mohammadi
Mar 04 2018 at 06:14
886 príspevkov
The success is depend on trading knowledge, so we the traders have to make sure the best source to acquire real trading knowledge, on the other hand, despite of good trading knowledge that’s not possible at all to achieve success without having a reliable support from a credible trading broker, because the broker can affects the result of our trading with certainly.
Imamul
Mar 04 2018 at 06:16
720 príspevkov
Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.
mlawson71
Mar 04 2018 at 14:47
1487 príspevkov
Imamul posted:
Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.

Do you have any concrete advice?
RedPips
Mar 06 2018 at 14:40
14 príspevkov
Only risk what you are prepared to lose!
mlawson71
Mar 06 2018 at 16:32
1487 príspevkov
RedPips posted:
Only risk what you are prepared to lose!

True. And never risk money that aren't yours.
BlueDino20
Mar 07 2018 at 12:05
13 príspevkov
Now that people know I do Forex trading, loads of friends want me to tradew with their money. It's nuts. It is hard telling them no everytime
Dr (Yazzitsu)
Mar 08 2018 at 06:27
4 príspevkov
Patience. Small risk then patience and patience. I can do as little as like 1% per month and with a good R:R ratio and I am happy about it.
Imamul
Mar 08 2018 at 11:51
720 príspevkov
Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.
Mohammadi
Mar 11 2018 at 06:57
886 príspevkov
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!
Gold101
Mar 12 2018 at 11:59
13 príspevkov
MM is very important, especially for a newbie. Best to start on demo i think
wmsgfred
Mar 13 2018 at 09:17
22 príspevkov
Always diversify with various regulated brokers and low risk systems & strategies with low risk. Use Stop Loss.
mlawson71
Mar 14 2018 at 16:11
1487 príspevkov
wmsgfred posted:
Always diversify with various regulated brokers and low risk systems & strategies with low risk. Use Stop Loss.

I am all for difersification, but one should also remember not to go overboard with it or following all of one's accounts can be difficult.
Mohammadi
Mar 16 2018 at 13:46
886 príspevkov
This market is too much volatile and there is nobody who can predict the real faction of this market with certainly , that’s why for keeping survive in here we the traders have to depend on our trading strategies that we select according to our trading experience. First of all we traders have to ensure real money managing plan if we get maximal result by our trading strategies.
mlawson71
Mar 19 2018 at 06:53
1487 príspevkov
I am pretty sure that professional traders profiting from the market are able to predict its movements through analysis to a decent degree of certainty.
Mohammadi
Mar 20 2018 at 11:34
886 príspevkov
as a newcomer, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or don’t expect to get profit in the first two months. But practically mostly newcomers don’t believe the importance of demo account and try to make money very rapidly without learning.
mlawson71
Mar 21 2018 at 07:45
1487 príspevkov
How do you know most newcomers don't believe in demo trading?
Baldo (BaldoN)
Mar 21 2018 at 13:36
522 príspevkov
Too long demo trading may let you build some wrong market understanding and to get afraid of start trading with real money :)
It is really good when you have to learn how to work with different trading platform or to test new strategy in conditions similar to real without any risk (to get approximate overview how the system would deal, but still not exact due to luck of real execution) :)
mlawson71
Mar 22 2018 at 08:16
1487 príspevkov
BaldoN posted:
Too long demo trading may let you build some wrong market understanding and to get afraid of start trading with real money :)
It is really good when you have to learn how to work with different trading platform or to test new strategy in conditions similar to real without any risk (to get approximate overview how the system would deal, but still not exact due to luck of real execution) :)

That's true. One has to take off the training wheels at some point, or at least put smaller ones by opening a small initial account.
Mohammadi
Apr 11 2018 at 06:45
886 príspevkov
According to me, the trading can be easier if you have proper trading plan , real money managing approach , knowing the ability how to manage risk , real time of using Stop Loss , proper trading analysis and much more. Otherwise not.
Jimm (Jimmblack)
Apr 11 2018 at 13:45
23 príspevkov
mlawson71 posted:
Jimmblack posted:
It's easy to start trading and lose at all. Open the demo account first and start to improve your knowledges. that is my opinion.

Gaining knowledge and experience also requires a lot of studying a lot of theory, trading on a demo account is not enough.


But with the help of demo account you have the opportunity to improve your knowledges, your trading, etc. Theory is nothing without practice.
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