I must a greet with the above listed failing strategies, it quite obvious that any forex trader must be discipline and committed to a goal and the entire rule of the forex . A part from that we ...
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I must a greet with the above listed failing strategies, it quite obvious that any forex trader must be discipline and committed to a goal and the entire rule of the forex . A part from that we ...
Knowledge , skill and experience are necessary condition to be a successful trader but it is not enough condition. because with knowledge ,skill & experience without a good money management skill,...
I hate that too , but i see it as a way broker will not allow you to take a trade that is very easy to make money or pips, other thing i hate is withdrawal not processed fast and swaps specially...
trade a career is good but you have to be consistent profit maker otherwise don't quit your job.Taking a forex as a career depends on what you are searching for. it is a very tough choice as well....
Trend is always your friend and my trading approach is simple , trend trading.i like to use IF THEN syntax in my trading plan . it helps keep me more objective with lesser room for discretion.if i am...
Trends are easy to identify once they are happening. It's identifying the start and end of the trends that is the hard part .As for identifying the trend , like the guy above mentioned, i use my eyes...
How many pips for safe stop loss is done when we are not expecting a spike in the market. for you to be safe in stop loss your entry should be correct and given that, your stop will be wide enough to...
Yes i quit i agree with you that forex if high risk , high return. But depit that fact, found out that that it makes you rich , it capable of rendering bankrupt. i have seen people that forex has...
100 usd is too low for a beginner, it is quite obvious that you will loss it , even with a 1000usd , we still saying the same thing. you need to start from let say 5,000usd to trade before you can be...
You have just said it all, Discipline is actually key to any successful trader , whether you like it or not you must abide to this principles . And if that is strictly adhered to there is no doubt...
You cannot remove in forex rather you have to reduce risk, avoid risk or mitigate against risk. to eliminate risk is by not trading on forex, or better still, trade base accurate signals and reliable...
Well i doubt that because if go to some forum you found some experience trader sharing their winning strategies. There should no doubt that what work for one is not sure that it will work for...
The reasons that is so many loss in the forex is simple, you only have two options to win or to loss , secondly is because a lot of people do not stick to the rules of forex. take for instance one of...
The function of good money management is simple,the ability to take trade and subject to your capital base on the risk in the market.For you to be a successful trader you must have a good money...
Forex business with no experience a doom, because you will not learn to like loss because they are part of the business.when you gain the emotional stability to accept a loss without it hurting your...
learning is indeed better than earn at the intial stage of forex trading. the essence of this is siimple, that is to be a perfect trader, by learning you be able to maintain the rules and be...
To to be a perfect trader with consistence profit takes a lot effort and experience. the rules you must adhere to in order to become a perfect trader or a successful trader includes
1.use money you...
This is also a pretty good article there , taking quick profit and leaving loss too long the pretty a bad money management , which every discipline forex traders and new trader will try and...
it part of not sticking to good money management rules , it happen virtually every trader, at fist you need to make sure that you stop loss should not exceed your profit make in less say 10 trades....
Little profit would be accepted if only if you are a scalper or short term trader or in you are not discipline with your trading plan.But if you are long term trader and you stick to your trading...
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