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when trading, the first thing I was mentally prepared. a clear mind in order to analyze and predict the movement well. I normally accompany a cup of coffee when the trading order not sleepy when live. I am trading in the U.S. session where if my country is at night.
I think without experience one should not tread. I also think business plan need for treading. So making a business plan and make experience you can state forex treading. Forex treading really for a perfect treader because this business is very risky.
Before start open position usually oen website that provide economic calender, then open higher time frame, usually H1 H4 and daily to know how the trend. Indicate where support and resistant and waiting for best position...after take position i always set stoploss....
To start trading we must prepare a mature Psychology due to anticipated in case of loss or profit, because when profit often forget to immediately close the chart so that it turns into loss.
So, to start trading must prepare:
1. Psychology that is ready
2. Money management as appropriate
To open a demo account you can tread on forex treading and can make a good experience on treading. After that if think that you are perfect and successful for treading you can start tread. Mind that Forex treading is very risky so you need much study on this business.
to start trading we must first learn the basics, using our demo account to learn the basics of the trade, we have to know how to sell and buy at the right time, do not rush into a real trade when we have not succeeded in trading demo, take some time to learn and understand this trade, so that later on when we entered the real account was no trouble.
With demo account, we can preparing a good strategy and analysis. Beside that we can learning using indicator that we can use when we decide using real accountQuote:
Originally Posted by rinmukerze
According to me Before strating trade ap ka Forex ka about knowledge bht necesary . i ska bad jb bi ap trade start kry to phly Market rat ko dkh ly us ka hisab sy phr ap apni trae lgye . to ap ko profit ho skta ha.
when you start the forex trading then you check the your mind planing and your luck.then start the forex trading and most of the people facce the loss because of that problem.
Making a good experience on Forex treading you can start this business because this business need enough knowledge and much learning. I think being a successful and perfect treader you can start treading because this business is very risky and complex.