pray to the god
prepare ourselves to face many condition with some strategies and knowledge
always think positive that we can get the success in this business
discipline,patience and be careful is a must
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pray to the god
prepare ourselves to face many condition with some strategies and knowledge
always think positive that we can get the success in this business
discipline,patience and be careful is a must
Deciding to invest in the foreign monetary exchange markets is a big decision that requires you to do a lot of study, understanding new terminology and learning how to read and predict market indicators effectively.
i think that before start of trading, a newbie or a trader needs to learn well about forex and its rule....then he should try on demo and make a strategy for his real account and then he should make a complete money management plan for his trading and then can start trading...
yeah indeed to avoid big mistakes in our trade with no preparation beforehand on a demo trading account then indeed we should train our trade on a demo account to have a better trade in real trading accountQuote:
Originally Posted by adahidayat
a Forex trader have to get the accurate knowledge about trading.
*he has to learn first.
*Need concept about market position.
*he must know the price value of products and its quality and the demand at the same time.
*Needs patience and must motivated.
*Good Luck
Daily before starting trading we should spend 5 to 10 minutes and just think back what we have done yesterday to make profit/loss in our trading and is there any need to learn a lesson from them so that we can make today also profit and avoid loss.
whether new or old people must all recognize that, because otherwise everything will be useless. strict management and keeps pace with the time to learn together in this forumQuote:
Originally Posted by FxBD
yes, we need to recall what was done in the previous trades and what was the profit or loss made in previous trades.this will make us understand the mistakes and trade better in future.Quote:
Originally Posted by dmambi
Read all the e-books you can find about forex, Watch as many tutorials you can, Joined as many webinar you could find.. In a word Learn as much as you can then trade what you learn...
Money will come.. You should not worry about that.. If you have enough data inside of you only then you will be able to gauge the depth of this market..
It is very proper that a forex currency trader try their best learn all that is important in the forex like the concept of leverage. Leverage is unique and can make or break a trader. We traders of forex should try our best to gain adequate knowledge about it before we start trading.
We must not rush enter to the market, many aspect that we must prepare before we enter it. Many observation with technical analysis & fundamental analysis, knowing news that will effect on market. So we must aware about the market before we can defeat it.
Before starting trading, we should know some basic things on forex market, such as what is forex market and how to place correct order, what is the leverage and pips value, I think the second most important is to learn good risk management, then we can start a system and strategy.
every new beginner loss their money in forex because they think it is easy way to earn money. Yas it is easy when you go through the way . but i don.t think so it is not easy to earn money. so before start a real trading everyone should practice on demo account. Demo practice make you mature.
forex me entry lene se pehle traders ko forex ke basics ache se samjh me aane chahiye aur fir uske baad trader ko forex ke demo account me champion hona chahiye
iske baad trader ko chote account se trading shuru karte hue dheere dheere zada investment wale account me aana chahaiye
You must gather all information about news at that day, so you can combine your technical & fundamental analysis. Wait for good time to set your position to gain maximal profit of your trade.
The best way of before forex trading you should learn firstly baby pips and should use to demo account . its very knowledgeable things for traders and new traders it will be very beneficial.
These are very good advices for a new comer. I appreciate these steps you have taken for new forex traders. It is very important to know how much he/she will spend in one trade. And how to use stop loss and target profit methods. For all of these, he/she need to practice demo account rather than reading forex learning books. Because practical experiences are very necessary to trade in forex.
Good points you mentioned. These all can be found and studied on baby pips.com. Baby pips is a great source of learning forex.
These all are concerned with the trading but a newbie trader should also have his mindset for traing.
More over a newbie trader should have control on emotions and should have patience.
Before start trading in main a trader should practice in demo account and read daily trade news. One important thing to remember for all newbies that greedy tendency kills a trader.
THanks
Before we commence on trading the forex field, it is proper that we gather all knowledge that we will need through websites like www.********.com. We can learn about forex well in order to reduce the chances of losses.Quote:
Originally Posted by nilesh
a) You can use leverage 1:50 to 1:200 maximumQuote:
Originally Posted by alamayreh
b) Your plan is one strategy, also can take help of market expert and compare your sentiment
c) You confident is best strategy to use SL and TP
d) 1-5% maximum
e) You need to the rules of money management.
You points are very informative and important. I will see these points carefully before start trading because I don’t want to lose my money I want to earn profit in my every trade even very small.
before start trading be careful about the leverage and lot size.if you are a beginner i suggest don't trade with high leverage and lot size.proper money management is must keep concentrate on this things
Five point before starting the beginning of trading in forex is very precise. I also want to add that the first trade should use a small lot earlier. Then set the take profit and stop loss. Happy trading.
I agree with your opinion, however, that trade with small capital at the beginning of their trade is the best thing because I think this will help the trader is able to survive in this business and not easy to get hold of this business successfulQuote:
Originally Posted by panicky
before trading should first refresh our minds were tired after work, clay meets these demands and how much margin you'll use lotsQuote:
Originally Posted by dog
so always monitor the state of our margin is the key to its
ofcourse we must follow this points and also we must take good courses to know how to trade in forex to make easy profits also we can buy books which talking about trading in forex or download it from the internet and we must update our information about all new researches on forex trading to avoid loss and failure and be professional trader
if I may add, we have to prepare mentally. because whatever we can profit or loss that will arise is a risk that we face and we should be able to control it. even though we've got the advantage, but not in control then we will definitely go back to the market and expect more, but it is a serious problem that must be avoided.
Dear brother , if you want to know all things at a time, so you can not learn quickly. You should to learn step by step. You should to stay with Forex Forum India. And visit all threads and reply. Then you can understand .Quote:
Originally Posted by amscalicut
Checking the time frames is another step that we can take in order to become traders with better results. It helps us to find out what has already happened in the forex trading market before we decided to trade.
to be successful in forex trading is in need of considerable knowledge, we should not be to sit back and just make an entry without a good analysis. it took hours of flying long enough for us to know the habits of these price movements, and it can only be done by people who are old enough to do forex trading.Quote:
Originally Posted by sairin
Before we start forex exchange trading, we should check and be sure that we possess the important forex trading skills, strategies and abilities. After that, we can now try and start trading the forex field.
Thank you so much for you share the tips here.I think I may have learned the tips so well there.At the moment, before start trading,I think I need to keep myself calm won and check the forex news first now.
We can not completely understand this market working easily, so we must learn some basic things about Forex trading and then start practicing the Demo trading with virtual money so that we get some exposure to the real trading market. Once we learn the way to make consistent profit in Demo account we may switch to real account trading.Quote:
Originally Posted by ishvara
My everyday trading session starts with pivot analysis only. I do calculate daily pivot points, then I do read charts for the price movement for the day. I never look for environment set up or any other factors for my tradings. But I give more priority for news releasing hours for interpretations for expected direction of price movementQuote:
Originally Posted by ishvara
Before start the real trading , for new trader need to be used the demo trading account for practice so when you start trading with real; account then must be open a trade with good planning and best strategy.
i want to start with $100 capital only for my first trade.As at a first chance i can trade properly so i think trade here patiently to earn profit.I must use my skill and strategy for my earning benefit from here.I have learned trading from ******** then i came to trade life in forex market.So i suggest all the new traders to came to trade after learning it from demo coz its important for them to know skills,tricks about here.
agree with you, they are very important to note before we go trading but for the first time, the trader should pray to the god...
then thet prepare theirselves for all things that they will use at their trading..
and may i add? the trader should think with clear and keep deeply in their mind to trade with discipline
before start trading first ensure you trading strategy, second conform your time duration and trade time, set your planning what trades you are going to do. and must practice demo for a long time to get success in real trade.
Always follow your strategy or plan that you have for trading before trading. That is all you need. If you don't have a trading plan then its better to make one. Trading without a trading plan is like going for a battle without weapons. You won't do that in real life do you?