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dear ap agar jb bi trading start karye to ap ak well knowledge or experience kay shath start lay pora knowledge lay forex trading kay mutalak or demo acount may work karye or market kao samjaye or news ko indicator ko read karna seekhay or ya sab process kay bad start lay tb ap loss kam or profit zayada ho ga
Before starting Forex Trading, the Following points keep your mind,
1) You should be well dressed/Fresh/Wearing Good/Polish Shoes
2) All previous entries will reviewed
3) You should analyze Technical Analysis
4) You should review all fundamental analysis
5) Review previous weak analysis reports
6) You consult your Broker if any
7) Market Trend must followed
8) Any thing which is in your mind, discuss with your love once
I hope that my new plan will make a good result in my trading, and the plan is an improvement of every plan that always fail in forex trading, my preparation is how to make a better plan, and I will try to trade forex with low risk and have a power to hold floating minus for a week. I think 1000 pips able to hold the minus for a week, it is need to spent it in opposite for -200 pips everyday.
Thank you for clarifying some important points for beginners who do not know anything about the trading market.
It is important concepts to be studied well before to experience the adventure Added demo account to see how prices move.
Yes definitely i am agreed with those points and we should follow the points before starting we have to follow all strategies.
Previously you were trying to demo or real trading?
And you plan to trade on the broker where ya?
Because if you are a novice then you can try on demo accounts first.
If you are new to forex, the previous need to understand first, what is forex
Forex stands for Foreign Exchange, or trade between the foreign currency with other currencies.
Forex Trading is similar as buying and selling foreign exchange at Bank Money Changer or,
eg buy 1 U.S. Dollar in USD. 9000
then sell back when the price of 1 U.S. Dollar Rp.9, 500
fortunately able to purchase from the selling margin of 500 dollars
The difference Forex Trading is not done physically like or Bank Money Changer
but based on contract,
much like if you buy a home
if you buy the DP / advances that we hold contract
And because the contract system can be done online through the internet
and money spent using a DP system,
in forex concept called margin or leverage DP
There are 5 steps to learn forex trading
1. Understanding the nature and calculation
2. Using a Demo Account
3. Learning Technical Analysis
4. Learning Fundamental Analysis
5. Create Trading System
6. Trading Live
In addition to understanding the forex father will also be able to know also that any type of investment or there is an element of business risk
so please be well understood to risk.
For in its forex High risk high return yet and therefore we suggest you trade with idle funds or funds that can be said is not in use for day-to-day needs.
So that if you experience any loss then your life is not cluttered.
hello guys about your post i think that patience is beginning to be disciplined trading rule. and 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, when it can be successful in a demo account. can start trading on real account.thanks for the post take care
you can increase your skill by starting a demo account and by taking online classess and also you can get help from any another experienced forex trader. In my opinion the patience is one of the most important things,that one trader must have.Nothing is coming fast and free,you need to spend months to learn and you will be rewarded for this in future.Quote:
Originally Posted by love forex
before trading a trader should learn aboiut Forex and to use demo account and in this way a trader can earn money and there are low chances to loss .
before i had started the real trading business i studied very well the market, and studied the currencies and their actions, and i was able to chose some pirs which i had decided to trade on, and the i had developed my own traing strategy.