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Well, good points there friend but may i adding one poin that is active in forum because forum is active and live discussions around the world. Every good trader or new trader will joining in forum for learning, reading, or sharing informations/experiences.Quote:
Originally Posted by bosu_roy
Cool to start trading rule is patience. The key to successful trading discipline. The first business of the new theory, this forum and learn about Islam can download, then a lot of practice to be a demo account, when it was a demo account, you can succeed. You can start trading with real account.
discipline is one key to success in running any business. Forex business is one that requires discipline and learning is not a short time. before trading thing we should do is to try a demo account first to know the ins and outs of forex.Quote:
Originally Posted by amiya12
Thanks a lot dear friend i will keep on all the things told by you over here. Also i will practice this in Demo trade to get most out of it. Hope you guys keep on helping us in this vary way to keep ourselves updated with Trading.
before start trading we must have plan for trading at that time.. we must have the own rule on trading... for me i always doing :
1. look at the market session
2. select the best pair for trading [my own version]
3. set TP and SL/ locking to anticipate our trading
4. look at the chart analys and hot news /high impact news for euro
i always do that before take action in trading..
Trading start karne se pehele hum logo ko acha tarah se ek planning kar leni cahiye jo ki tarding ke waqt kaam aayega. kyunki plan ke bina hum log kuch nai kar sakte hain. Hamara plan jitna acha hoga hum log utna hi profits market se kama sakenge
Before we make trade order, I think its much better if we controll our emotion and preparing a good strategy and analysis. Beside that, using money management rules will safe our account and minimizing our riskQuote:
Originally Posted by hanna
Always before starting forex trading you must do proper practice and calculation before you take any risk as till you don't learn things properly you will always struggle to make any profit.
kindly i wont to know if the are arabic language in forex
and what is the manimum amount i can start with
for me and if we again we will have a practice and a good method to follow with all learning will become easy to do
agar hmm trading shuru karne se pehle isko ashi trah se seekh le and smajh le to je hmare lie asha profitable business ho sakta he ,trading karne ke lie hmare pass asha trading experince and knowledge honi bhut jaruri hoti he
thanks for starting this useful thread which has guide very much to the new users like me to do the necessary things before starting the trade in the forex market.
Before you can get started with forex trading,there are so many questions to answer.
1. How do i chose a answer
2.should i use a demo account
3.what do i need to know before making my 1st trade.
That are good points. But all of these can't be achieve so quickly and maximum newbies can't control themselves to participate in real trading. Ultimately they skipped some of them and face losses.
if you want to do something special so you should be need a basic knowledge which is mostly preferred your contemporary criteria and enriched your knowledge then you can go ahead.
Before start trading, we must prepare as much as we can to supports our trading system. A lack preparation will give us a bad result and surely we get some loses in forex trading. So we must take care a close about preparations we do.
You are right. Before trading we should also keep this in our mind that Forex is a business. We should keep the mentality to face the loss also. Before starting trading we have to create a good command over our emotion. So that we can trade with an emotion free mode. We should also follow a good money management test the strategy perfectly.
Forex treading is very good trade center for learn trade in online. forex is not just online trade it will be very good learn for real life. when you will follow the system i think , then you will improve your own life.
You said correct.5 things are lot to learn basic knowledge.but if the stock market has been unnerving you lately, with its successive crashes and high speed traders,then you may be looking for somewhere else to put money.some brokers are pushing investor to jump into an alternative to stock.
Of course with practice will make us adept to follow the price movements in the forex market.Yet do I start racing in trading using leverage to finance a best suited to the size of my capital, which trade on it and do I make an unprofitable strategy
the only way you can learn to trade forex, is to practice trading. forex trading is a skill which develops overtime, and you need to give it all the necessary time required to make money from trading forex. it is a road filled with obstacles and does not come easy.
Have you want to work with Forex? You need to some strategy in your mind. If you had need some strategy, you can work in any time. And you can work first in time.
yes you right but to get good strategy we need time for learning and practicing at began. Start trading is easy but to maintain profitable strategy and understanding strategy is not easy bro. Failure wil coming when we are not get ready.Quote:
Originally Posted by nizaz
Actually every person must be know that demo account.then every signal know must be need.and have to know training of the forex insta.all time news collection BBC and america & other.then if any person trade foerx i hope he will must be successful.
that is good friend,, firstly try and realize some web site that provide the daly signals and take a look at to follow them , ther is several web site on-line that offer you this risk , then try and use the stop lose and target with little pips to stay your cash on your pocket
and the very important is belive yourself,,
before start trading we must ready to loss our money. if we are not ready to loss our money, i think we don't trade...
if we only think the profits.. it will kill us when we loss our money in trading..
but if we think the loss, we will not worry when we loss in trading
learn and earn is the method which is applicable in all job/ works so forex trading is also just like. i mean to say first of all you have to learn the basic of trading after that you can start in investing in the forex and you can make money. so first of all use demo account to learn
very true, a lot of things really prepared in forex, before entering the forex we have to prepare ourselves, mentally especially, and capital, as well as ability in forexQuote:
Originally Posted by shovon
Preparation of knowledge about forex trading is also very important that adequate because most traders trade without a good preparation and consequently lose a lot of experience in the forex market
For beggining forex trading first you need to be patience person.Learn more and more with baby pips.Be a greed less man.Study better money management system and follow stricktly.Find one reliable trading strategy and follow it so seriously.Again I say study more and more.It will better for forex trader.
planning a very nice .. I agree completely with what you want before trading due course will bring very positive results ...Quote:
Originally Posted by alamayreh
a very good job :)
its needed discipline is the key to successful trading. new traders should learn the theory first, can learn on this forum and download the ebook, then had to be a lot of practice in demo account.
yep.Good idea.But before this you need a good knowledge about Forex.Then you can create your own strategies and then you can Follow your strategies and earn smart profits.Learning Forex is the best way to success in Forex field.Good luck.
i think that must need learning to Forex trading helping site like e book and baby pips and technical analysis , demo trading then your will be many experience gather so you can start Forex trading.
alright thanks very much for your time taken to analysis the best step to take in making profit out of the market and i know most trader will gain from this analysis and with time we shall get to understand more about the forex investment based on the analysis you have given to all newbies in the forum, best of luck
before starting to trade we should make a plan first trading strategy. we make the analysis and manage price risk of loss accordingly. we wait for market prices in accordance with the plans we have made. Here we had to wait to be able to make a trade positions with less risk.
before starting to forex, one should firstly get knowledge about it and spend his some time so that he can understand the market conditions and then motivate himself..
Which you do before start trading, you more learn about of Forex.If you have a more idea about of Forex then you becomes a good trader. firstly baby pips and should use it in demo account.it gives several important things such as lot sizes,different spreads currency pairs,take profit.
before start to trading, first of all make a good trading system. One trading system may not be suitable for you, either from the sheer number of capital, the ability to bear risk, much time can be reserved for trading, personality or experience possessed. So the best trading system for you to be made by people who really know you, that is your own self.
the last "do" is the most important in a newbies trading. some might not feel like it, but believe me, it is. i use to expect that i will make more than 1 lakh INR for my 160$. a noob i was. now i have become realistic at the expense of 350$. what a shame.