if you want to become a successful trader and want to earn profit from your trade then you have to give forex a lot of time and have to do a lot of market analysis before doing real trade investment otherwise you can face loss from trade,
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if you want to become a successful trader and want to earn profit from your trade then you have to give forex a lot of time and have to do a lot of market analysis before doing real trade investment otherwise you can face loss from trade,
you may be right, but I think, it's possible we could do the trade without analysis, because of course there is a limit price movements, will not move up without boundaries, or moving down indefinitely, and it can be utilized to benefit without having to do an analysis, as long as we have enough capital.Quote:
Originally Posted by swamidaas
Thank you for your good post. To me, I think that Forex trading industry is a inconstant place where toll of the currencies are hurtling whether upward or downwardly every experience due to dissimilar conditions of the countries.Forex is the tool every trader, professional trader to Trade Forex without substantial loss will be analysis and analysis tools the analysis due to Forex trading come on what makes the professional trader.Green trades to you, bro.
My friend, Trading forex without analyzing the market that is gambling for sure, the good thing with doing an analysis of market before opening a trade is that we stand a better chance of profiting in to trade that when we just gamble, an analysis helps us find out more about at the market behavior and that definitely helps us profits although not always.
Steps should we can do when we get a loss in forex trading is to conduct an evaluation of the results, and we should be able to know the mistakes we may do in the transaction so that we suffered a loss in the transaction we do after all I believe that loss and profit in every business and trading is an international business so in trading if fall in loss then i should not become hopeless i should trade again to make profit from trading.
With a break from trading while conducting an evaluation of the mistakes that have been made as well as deepening techniques that is this is because when one faces huge loss in the market and does not do any thing about it therefore Do not hate your losses rather they will make the way of success ; try to find out the cause of loss and try to solve it - this is the only way of learning Forex ; be calm during the trade but do not take preparation of taking of revenge.
The trading analysis will be carried out before choosing to enter into the business if it will be a buyer or a seller. However in the event that you enter the business sector without the utilization of analysis appears it might simply be a speculating session of mystery, is the cost moves with just two decisions, specifically if up or dropped.
infact, trading the foreign exchange market without analysis is like gambling most of trader the experience traders do their market analysis before making any decision on the type currency pairs to trade,so it is very important to do a good analysis before placing trade on your account.
of course it will be gambling my friend , and then you may make profit several times by luck but after that i think you will loose all your money . it is not so easy my friend to gamble. it is about technecAL ANALYSIS and different indicators .
in my opinion trading without any analysis or plans leads to loss in forex in our markets;
so try to do and plan yourself in self assestment s and test for getting good income for our lovable family.