Before you start trading.

Before start trading, we have to define our trading goals and make a plan for our trading endeavors.

When we define our goals, they are to be specific, measurable, attractive, realistic and has to be within a certain timeframe.

To define a plan, we should fist identify what we want to accomplish and how to achieve the goals. Sometimes traders look for a trading strategy first and then hope that the trading strategy will help them achieve the goals. That's putting the cart in front of the horse.

The final part is to execute the our trading plan and naturally that's where most of us fail. We must have the discipline to execute the plan because successful traders will realize that their problem does not lie in the plan but in the execution.

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Originally Posted by julien145

you should learn the basics of the Forex trading. Also we need to know how the Forex market works like how use Indicators and have a idea about trend and money management !!! i think money is the most important for new traders...

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In my opinion, of course, money is important. But I would argue, caution is also important in trading. Is not trading it comes to money? in this case, I usually use the SL. Even so I still lost my money. I only emphasize the importance of using SL in every Open Position.

before we start we should know the basics of the trade from the trade. It is a preliminary step to trade then we must be disciplined in your trading. How could we trade if we do not know the basics of the trade? What we just rely on a fortune? I guess not

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Originally Posted by alamayreh

dear members before start trading in forex u must take the points bellow on ur calcuation

1> how to use leverage
2> what strategy he will be using to open trade.
3> what strategy he will be using to to take profit and stoploss.
4> How much he want to invest in single trade
5> Last but not least What kind of strategy he will be using for money management

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thank you dear jo app ne itna acha informative material ham se share kiya ha main app ka bahot bahot shuker guzar houn kioun k en jesi mufeed posts main dhoundta rehta houn or app jese seniors hamri kafi help kartey rehtey hane

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Originally Posted by sinaga

before we start we should know the basics of the trade from the trade. It is a preliminary step to trade then we must be disciplined in your trading. How could we trade if we do not know the basics of the trade? What we just rely on a fortune? I guess not

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and for this must need to trade in demo to get basic knowledge and get some experience and if patiencely we trade in demo then no doubt it give us fruitful result . anyway i think there is no place of fortune but its totally result of good understanding.

Trading in the demo was trained in the use of the software. Trading in the demo does not give a good psychological effect. So in my opinion, after training in the demo, just the real. Can use the mini or a cent account.

when any person want to join the trading forex and start the trading with real account trading forex they must need to be get the trading education for the better knowledge and trading experience to make more trading money in their account for withdrawal.

Before trading we must learn first and read books and search internet for Forex trading tutorials to learn more and more then we should open demo account to practice in it and test the new strategies tell we find good strategy to earn from it then we can open real account and earn real money.

Before starting trading we should know the risks involved in trading , and should develop strategies to handle those risks by developing the countermeasures for them. Also we should keep learning in all aspects with open mind without having any negative bias.

If we just trade in real account after depositing some money then sure we will lose our money may in some days or some weeks and may we double our account then we will lose it but we need first to open demo account and start training and practice in it.