TheGreatRecycler posted:
knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress
Technical & fundamental knowledge is mandatory here! Besides, traders need to follow the rules of money management so carefully.
Forex market place is a part of ocean where there is anyone who can survive in a proper way without most powerful analyzing trade knowledge; if you are a newcomer please go to online freeSchool which is very supportive for the newcomers to acquire all fundamental knowledge. And trade a demo account at any broker, learning and practicing is a great combination and this can will help you must be if you try it.
Forex trading is not a game. It has so much risk. Every trader should learn the basic knowledge about forex before entering into the market. Lack of knowledge can put them into the big problem. knowledge about forex can be learned by many ways. But the best way of learning forex is to open a demo account. This can help him to get knowledge, by which he can at least make profit slowly. When I was new in this market, I gathered knowledge by opening a demo account in Tpglobalfx. It helps me to know about forex, about trading. I also know what is good for me and what is not. I am still trading with them. They are really helpful.
45656 posted:
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.
There is no easy way.
Everything that allows you to leave your daily job and provide income is hard to reach.
Forex and trading, in general, is suit for those who think in the long run. It took me nearly 4 years to become profitable. And it's probably the hardest thing I've ever done in my life.
We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Jan 11 2020 at 01:06
Imamul posted:
We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Select a broker with strong regulations, good history of treating their clients fairly, and a guarantee of client asset protections.
Use realistic risk management and learn to trade properly.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
nj fx success is a temporary issue , it can make everyone but who can make it consistently we can consider him as a professional guy.
The key to profitable investing, is to make profitable trades.
I know it seems over simplistic, but there are only 3 possible options available.
The markets either (1)move up, (2)no movement, or (3)move down.
(1)Market movement is bullish? Buy
(2)Market does not move? Do nothing
(3)Market movement is bearish? Sell
If you make a trade and the market moves in that direction, you've made a profitable trade.
If it's not a profitable trade close it, then wait for the next entry point of highest probability.
I know it seems over simplistic, but there are only 3 possible options available.
The markets either (1)move up, (2)no movement, or (3)move down.
(1)Market movement is bullish? Buy
(2)Market does not move? Do nothing
(3)Market movement is bearish? Sell
If you make a trade and the market moves in that direction, you've made a profitable trade.
If it's not a profitable trade close it, then wait for the next entry point of highest probability.
If you want to be profitable, make profitable trades.
Jan 15 2020 at 14:49
Easier said than done. I wish it were that simple but the fact is the timing of entry and exit along with direction make trading very difficult
