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For being a perfect Forex trader,every newbie must step in with mentioned below requirements.
1- Proper Forex knowledge.
2- Practice of trades in demo account.
3- Big capital for investment.
4- Use of leverage.
5- Best Forex signals.
6- Trades with full concentration.
The most effective way of before foreign currency trading you must study firstly infant pips and should make use of in order to tryout account. it's really knowledgeable issues regarding merchants in addition to new merchants will probably be really effective.
There many Advises Before you have to start to trade you must have to look for the fundamentals of the pair so that you can take trade in proper direction and gain good amount of profit from that trade.
yeah brother ye question apne jo ke he ye very helpfull he new trader kelye ye sare step jo he o start lene se pehle agar ham apply kare to hamloss se bach sakte he
before the trader start trading he should have the analysis of the market and then able to draw conclusion close to reality and then trade accordingly.
ya
to start the new one market you need the basic work under standing to play the market in the real and active ways.the formal have no profit the most the good plan then you get the good reword of that to put your luck of life to start the full market to rum the small type of job to spend the some days then come on the high level..........:yahoo:
Before you start trading
dear members before start trading in forex u must take the points bellow on ur calcuation
1> how to use leverage
2> what strategy he will be using to open trade.
3> what strategy he will be using to to take profit and stoploss.
4> How much he want to invest in single trade
5> Last but not least What kind of strategy he will be using for money management
Before start the trading the trader should see the trend of the market and also use the good indicators in trading. Avoid the mistakes and also use and prepare the good plans and strategies. In this way the trader can get the money from trading business.
successful trading. new traders should learn the theory first, can learn on this forum and download the ebook, then had to be a lot of practice money that your broker lends to you so that you can open more volume of currency. Candlestick is a type of charting system that is made up of a body and a wick
You must have a plan, careful search for all info to have a good plan, your system. Also some technical and fundamental ideas needed to learn instead of what to know before start trading is you need to know how to open trade and close the trade but Market indicators to be considered for his trade, rum so more quickly understand the state of forex trading, It's better if we could combine 3 - 4 ones as Stoch, RSI, MACD and Bollinger Bands. So firstly, we must know well.