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first of all before trading you must have good knowledge of market and also have good trading plan good money management and also good leverage for trading means low leverage because big leverage kill your account and then open real account and start trading and get profit
dear friend i think is that before start trading there is need many thing i also think is that through forex trading you may larn many thing from forex trading and become a profossinal trader
Very good post, me ne Forex ko kafi study kia hai lekin abi ap k in points pe ghor kia to smjh me aya k me to 50 percent b nhi sekh paya, q k ye to basic points hain jin pe real trading start krne se pehly hme fully study krna chahiye jo k atleast mene utna nhi kia jtna krna chahiye tha shyd yhi wja hai k mene apne 1st trade me sb kuch e loss kr dia. but you gave me a nice way of thought. Really thanks for that.
I am a new member i want to be forex trader . i want some more explation about the points you mentioned here above. this is too short i want to know allot and much more about from first point. and how much is the minimum invest and what is the broker tell me about it too. Thank you so much for the Thread
Before starting trading you have to learn about the trading. Then first start your trading with demo account. Then try to control your emotions in the trading and keep patience with lots of positive thinking and motivation power in you so that you can trade better and go for a trading which will be successful for you. You have to know about the pips (Percentage of Points), the movement of currencies currently in the international market and the proportion of leverage while trading and many more. There are lots of things that you have to take care and consider in your trading.
many ways to learn about forex and one of them is yours post here..
Treat futures trading a job, not hobby.
Keep learning and educating yourself.
what strategy he will be using to to take profit and stoploss.
How much he want to invest in single trade
Last but not least What kind of strategy he will be using for money management
Before Starting everone must understand that currency trading does not take place on a regulated exchange and not controlled by any central governing body, there are no clearing houses to guarantee the trades. All members trade with each other based on credit agreements. Essentially, business in the largest, most liquid market in the world depends on nothing more than a metaphorical handshake and Highest risk is involved in it.
Actually there may be a lot of points that we have to consider before we go into forex trading estate, and in essence, in my opinion is in addition to our knowledge of the basics of forex should be in our hands, we must also prepare ourselves well, prepare yourself this our intention is to prepare mentally, because forex trading is a business with great risk, that not everyone can bear the risk.
for new traders, forex trading is very risky business, don't play or do gambling in forex trading or you will be a next looser trader, prepare your trading skill and set your daily target to avoid greed, always use low risk and money management to avoid much loss in short time, you will get success if you able discipline to run your rules.
It it has refusal proper guideline or proper logic to move at that time it have got to befall you whopping loss and elect you failure all and all way, so in the past trading the article you have got to to complete is, a delightful trading planning, a qualified strategy, delightful patience and convinced to pull off your goal the best schedule. You can get back online on behalf of by hand, for the reason that present are many wealth to offer on the house Forex training promptly. To ensure to you can really find out the proper way to substitute to take a avenue in an tradition established marketable.