Tools to trade.

Best way to avoid is to use a Forex robot. it will not make mistake

you would be joking of course pullpotential

pullpotential posted:
Best way to avoid is to use a Forex robot. it will not make mistake

You are right but with the addition you have to use the robot which you perfectlly know. Ideally the one programmed by you.
Don't buy and use bots you know nothing about.

In forex trading there are many important things we the traders have to make sure for ensuring a better trading life. as like good trading knowledge , good support from a trading broker , real money managing plan , risk management approach , knowing the approach how to use Stop Loss , controlling emotions and much more that are very supportive to lead a comfortable trading life with certainly.

The most important think is the broker in Fx trading, because the broker can affects the result of our trading with certainly. for leading a healthy and secure trading life we the traders have to choose the broker which for all time make sure secure environment for trading . Actually the most credible trading for all time ensures security of funds at any kinds of investments with a wide range of trading technologies.

best tool initial capital in Fx. according to me, its much important , any smart initial amount can make you more confident when trading in practical. so we cant avoid the importance of this at all.

Roberto21 posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

I think, chart reading strategy is very much powerful; besides having a good trading environment is crucial.

There is too many sources. It is impossible to know which are good and which are not. It would take lifetime to read it all and even then not know what works and whatnot

Debtless posted:
There is too many sources. It is impossible to know which are good and which are not. It would take lifetime to read it all and even then not know what works and whatnot

You are right. Nowadays there are so many wrong or false information everywhere. Not only related to Forex.
My advice - listen only to users who has proven, long term results.
I know one here :)

I think that in order to achieve high results on forex you need to use a combination of technical analysis and fundamental analysis. Each of these directions opens its own possibilities, which allows you to make your income large and stable. Another thing is that this approach requires constant training and study of a lot of information, but I think you will agree with me that the result you will get in the end deserves these sacrifices. And on the other hand, in any business, to get something you need to work hard and spend your energy. Otherwise, there is no way. Even if you do passive investment, you still have to think in advance how to act in this or that situation. I don't know how to recommend something specific, because everyone has their own approach and criteria.

Roberto21 posted:
for good trading learning is not everything , i
ts all about practicing. so emphasis on practicing besides learning.

I got your point; this is why demo practice is so impotent! Traders need to use their practice account until they are very sure on their trading strategy!

demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.

leverage is a very complicated tool in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.  

I trade based of my personal trading strategy, it’s a combination of 4 default and 2 custom indicators! So for me, trading preparation means, counting the positions of all of trading indicators according to my strategy! Besides, I also count currency correlation! That’s my preparation!

Your eyes your best trading tools

demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.

in order to me , the best way is for someone to get a demo account and then try Forex trading without the benefit of any training or even reading of the basic of Forex trading, this way , you will get confused a lot and therefore , if you get attracted to the trade, you will search the web and find out and learn about the things which are making you confused.

the best tools is your brain and experience. the big amount of 'ammunition' and 'weapon' can make you slow and ineffective.
don't chase tools - chase knowledge and experience

Roberto21 posted:
So many experience traders always suggest us to acquire good trading knowledge by learning to keep survive in Forex in a proper way. But according to me , only trading skill is not good enough to make profit consistency devoid of ensuing exact trading discipline and money managing plan.

so what else you need to have? Beside knowledge and trading skill?