Forex

Snorre posted:
I have a love - hate relationship with Forex. On good weeks it is brilliant but losing months really take their toll. it is a tough game to play

When I was a new trader then I was same feelings as like you! But now I am very positive on my losing trades, because always I try to learn from my live trading mistakes.

At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.

Mohammadi posted:
At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.

The process looks easy; demo than live! But, reality is different! It’s too much sticky path! I see, many traders lose the learning interest and they already left this business!

AniLorak posted:

Mohammadi posted:
At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.

The process looks easy; demo than live! But, reality is different! It’s too much sticky path! I see, many traders lose the learning interest and they already left this business!

That is an understatement, over 95% of traders lose money and often quit trading.

for best strategy and indicators am all yours

Hello Donald; can you please describe more about your indicator list? Because, I didn’t get your point by your comment.

The foreign exchange market is the 'place' where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

Sometimes I have asked myself, What makes Forex trading so attractive? And the answer to my opinion is that banks, large multinational companies, hedge funds and private investors are the ones that make the most of Forex transactions. Although the profile of each of these private investors, close to 5% of the daily volume of Forex is composed of retail operators. Perhaps 5% of the volume of the market sounds like a figure too low, but this 5% represents around 250 million US dollars in daily transactions, which is a considerable amount and attractive for all.

I can also suggest that if you are looking for a the right broker for you and will suit you need to consider if they are offering the[url=https://itrader.news/itraders-education-center/]best educational tools for novice and professional[/url]

charlesjr posted:

Sometimes I have asked myself, What makes Forex trading so attractive? And the answer to my opinion is that banks, large multinational companies, hedge funds and private investors are the ones that make the most of Forex transactions. Although the profile of each of these private investors, close to 5% of the daily volume of Forex is composed of retail operators. Perhaps 5% of the volume of the market sounds like a figure too low, but this 5% represents around 250 million US dollars in daily transactions, which is a considerable amount and attractive for all.

What makes Forex so attractive is the usually unethical advertising promising quick profits to newbies who have no idea just how long and hard the trading learning process is. Of course, by the time they do learn they've already lost their money.

Therefore it is always advisable that new investors know how to manage their own accounts and analysis, there are many books rich in information that are possible to download on the web and that aim to educate on the art of investments. However, sometimes you also need advice, from people you trust and know opinions. Ssber maintain a capital fund and distribute it so as not to generate large losses in cases of fraud

when a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.

Mohammadi posted:
when a trader is a newbie in Forex , the first thing he or she should be doing to do more of the learning. The beginner traders do not know which road to take in Forex and that is why they are always getting confused, it is better when they take their practicing and learning very serious so that they can learn better.

I agree. For how long have you been trading, if you don't mind me asking?

Honestly I do not understand the meaning of this thread. Yes, Forex is a risky business. Yes, traders need knowledge and constantly improve it.
Everyone knows it. But not anyone can comprehend he is a loser.
Therefore, I propose to change the direction of this branch into something concrete.

NoahB posted:
I propose to change the direction of this branch into something concrete.

endorse

in Fx Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.

Imamul posted:
in Fx Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.

Certainly. Can you recommend any approaches so as to achieve that?

Generally we believed good trading knowledge, patience and discipline can bring success in Forex trading. But practically in spite of having these it is not possible at all to make sure a comfortable trading life if you don’t have a reliable support from a trading platform, because the broker always can affect the result of our trading with certainly.

A good broker is important but only after you have the knowledge to trade well