the partnership with the brokr is very good but not with a trader fellow as there are many problems and disputes that may come in the trader partners and then they will loose each other
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the partnership with the brokr is very good but not with a trader fellow as there are many problems and disputes that may come in the trader partners and then they will loose each other
discipline is the key to the success in any field i mean the key is not in the forex business only but there are many times when we ignore this good principle and then we loose money
it is not essential that you will have to face the losses at the start. it all depends on the trader that is he has learned the trading well in the demo account then he will never loose the money
if had to choose from the career that i have and the forex then i will for sure choose the forex as the basic professional career as there are many chances of the earnings in the forex
the winners are always on their toes and they never think that they are the winners and the experienced ones so they are beyond the reach of the losses. so there will be losses if they make mistake
there is no point in raising that question as there is always trading that will have the stop loss level defined and if there is no trading with stop loss then i am sure that the trades are useless
demo account trading is the key to the real account trading. you do not learn the trades in the demo account and you do not practice enough in the demo then you are welcome to loose money in the real
in any bad situation i am sure that i will make the least use of the risk so that i have a safer trade. some times when there is no clear indication to me, i do not trade at all and wait
these are very good points that you have made and these all must be remembered not only by the new tradees but the experienced as well as there is no chance of making mistakes in the trsding
the forex is a very unique business and there we all have the tension of loosing the money because we have the real money there and we will have to make sure that the capital is safe
forex may be the quickest way to earn money but for that you have to be well experienced in the art of trading. you will have to make long trades rather than making high risk trading
leraning at the very first is very important before getting started and loosing the money and then going back to the learning. so the better option is that you do not earn or loose and start learning
we have to learn forex from the resources that are available to us like the internet and on intrnet there are many books available and there are many websites that are rich in the literature content...
learn the forex trading and get the art of the reading the market so that you make no mistake and hence you have a better idea that how to make trades and how to get profit
trend is the best friend of teh trader that is associated with the forex trading. the identification ius not that hard for the trader but still he has to s make sure that he has the idea of the trend
borrowing the money for the trading is the worst idea that a trader can have. there is a lot of risk involved so there has to be our oun funny money so that there is little loss and embarassment
we have to analyse the situation such that we have to find the trend in the 4 hour chart so that we have sure trend identification. it does not matter if the trend is up or down
money management is very important in the forex because if we do not manage our money and the trades and the risk then we will soon be doomed and then there will be no money left for trading
the support and the resistance levels are the best indicators because there are always some very good entry and the exit points that are used by the traders very effectively
a good trader has a firm grip on the emotions and never mix the emotions with the decisions that he makes in the trading and never gets aggressive after the bad trades
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