Forex trading requirement must know all!!

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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Forex trading requirement must know all!! It is the most affarct in tHE world. Some Question very Acteptable.

This goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. Forex is an amazing source of earning money but it require lots of hard work and dedication.. I had experience of low internet speed, i was so frustrated that i barely threw away my lappie...i like that.

It is not really necessary. To be a good trader must have especially good strategy will be reinforced with a good experiece and you can be sure to succeed in forex trading.

Quote:

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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not as easy as you say bro .. forex it is very difficult if you are new to know .. and even that is 7 to 10 years are still there .. because its loss probability forex rate is very large ... This forex business that its liquidity is so high .. level of risk is also very high .. it depends on the player how to minimize it .. so if its in the imagined scene as you say .. it is very unlikely to happen

i think that forex trading has some basic requirements....first of all, it is very important that we have alot of knowledge about forex market and forex trading and we should learn well about forex trading....then we should be able to put that knowledge into a strategy and test that strategy on demo account....thirdly, we should have some money, which we can afford to loose....so then we can combine these three things and trade sensibly...it is also important that we should learn from our mistakes and do not repeat it again and again.....

Well those things are right.... To be a successful trader one mus follow those in order to be successful...

yes a trader should have very good strategy to earn money from forex .forex is very risky market and if you do not have good strategy then you can not earn from forex market .:)

Very nice and informative post brother..
Forex is an amazing source of earning money but it require lots of hard work and dedication..
If any one wants to enter in this market, he should fulfill all the basic need required by this market otherwise he will ends up in loosing all his money..

yes , i think so most important indicator of economic health in a country. A country's Central Bank has expected growth outlooks each year that determine how fast a country should grow as measured by GDP. When GDP falls below market expectations, currency values tend to fall and when GDP beats market expectations, currency values tend to rise.

I agree with you in this post i think its very necessary for a trader to know the basics of the trading if the trader does not know the basics of the Forex trading than he cannot make the required success if the trader has the sufficient amount of the knowledge than he can get success.