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after all, all whatever you wrote is true however you have got explained so that they can profit all those who enter into this subject and i'm with you as a result of he's not a reliable understanding of this market makes the novices are losing giant sums of cash and it really is what happened to firmly me within the whole starting on your learning
Before forex trading we should learn how to trade , about market policy, market prices, etc. not only that we should be confident about ourselves in this business also need skill about trading learning from various sources.
I am agree with you. Its much better if we learning and preparing good strategy and analysis before start trading in forex bussiness. Beside that, we should dicipline with our rules and maintain our trading planQuote:
Originally Posted by ramix
The beginner must not know only the basics of trading, he should learn all the aspects of trading forex so he can discover his style of trading and know exactly what should be done.
before we trading we have to make trading plan because it will give us guidence to trading
in forex trading , if we always focus with our trading plan we can keep our trading always under control.
ccording to me we need to take best preparation before enter any forex world. First of all need to take good lesson about rule and procedure. After that join as trainee or involve with any seniors team. After that we can use demo account and know all functions, tools, indicators. So all necessary steps need to be follow. strategic planning of how the value of contracts that will be used, what level of risk that will be provided and how to use the profits to be taken, it's all we have to observe before the execution,
before begin trading you should understand about the trading how i will play along with the market ? that strategies you wish to firmly trade ? what may be a leverage along with what happen when one pip is modification ? what he assume to firmly run within the forex trading ? that ways to firmly introduce himself within the forex trading ?
We should not join or trading in forex without forex knowledge. If any one want to trade in forex for profit so they should at 1st learn and study on forex.
if you want to start the trading then your first step is gain the knowledge about this business and then you need the practice about this business and then we make the better in this business and you make the better profit from here and if you play a trade then you make a B plan for your trading then you save from the loss
before the trading i watch out the market strategy carefully and make the better plan for it and then i see the better pair for my trading and then i play the trade and use the stop loss and take profit for my trade and make my trade successful
Yes you are the same like me, before trading I always when the news will release, moreover news with high impact, but when I want to execute my position, I basically using technical to determine where to set TP and SL.Quote:
Originally Posted by Jones
that will be sensible friend,, firstly attempt and realize a few web web site that give the daly signals and take a examine to firmly follow them, ther is many web web site on-line that supply you this risk, then attempt and utilize stop lose and target with very little pips to firmly keep your money on your private pocket
and the very same necessary is belive yourself,,
yes bro here is much need to know that things because we should must be need to understand the market and the most important thing is to be honest with the trading so all the things can be good for me all the wayQuote:
Originally Posted by s19
before we start trading, we must see that the market, if the market conditions were good and the trend, we can enter the market, avoid stationary market, as this will make us tired of no benefit
it is the when i am make many plan for my trading and think many things about my trading and make the greed in my mind but never make the trading during the trade and first and i manage my money then i play the trade
I find that It is best way first you start by the demo accounts.And by the practicing with that you can learned about the baby pips, leverages & many other things about doing better forex trade.The demo account also help you a lot, to take any dissension about investments really !!
Before starting forex trading you will be analysis about forex market.If forex market is positive this time give to trade in forex.Otherwise,if forex market is negative,this every forex trader should far away from forex.
there have been many good replies to this question , and i think it solves your problem,
but the answer is clear and simple ,
descipline
money managment , and a good strategy ,
all that will be found in training in demo modes
before trading i first learn the analysis and then i make the plan and and always make a plan B for my trading if i get the loss in my first trade then i get the profit in second trade and i save my capital and get the better profit from here
when i was want t play the trade then first i make the money management and then i make a strategy and then i see and learn the expert analysis so then i play the trade and use the stop loss and the take profit in my successful trade
before we trade, we have to prepare everything necessary, mental trading and trading analysis, using indicators that we think best, wait until the indicator gives a good signal to make a deal, here we need patience
when we want to start the trading first i learn the expert analysis and then i make a better strategy how to play the trades and then i make a plan B for my successful trading and then i play the trade and get the better profit from here
you begin trading in real account a lot better factor is apply when using the demo account. most imperative factor is you ought to apply together with your demo account the cash you really hope out to deposit. :accute:
The most effective way involving ahead of foreign currency trading you must find out to start with newborn pips and will employ for you to test bill. their quite proficient issues pertaining to merchants along with brand-new merchants it's going to be quite valuable.
hi everybody,
yes my friend they are useful tips for every beginner wanting to start trading the forex
good luck
Jub b koi new user forextrading start krey tou ous ki strategy kuch na kuch honi chahiye eis mein
new user ko daikhna chahiye k leaverage kya rakhni hai or kitni amount sey working start krni hai
our kitney points ki bid lagani hai or apney emotions ko kis had tak use krna hai or control krna hai
Methods about prior to when forex it is advisable to uncover ideally newborn baby pips and really should benefit from to make sure you demo membership. the country's particularly skilled matters just for stock traders and additionally cutting edge stock traders it will probably be particularly important.
This is a good tip and trick for trading. For members of this forum, who is certainly traders in your broker in this case instaforex. In my opinion, leverage has been set when you open an account, so when you trade the same leverage you will use it for trading, except you decide to change it. Please use some minutes for making analysis both technical, using indicators set before, pay your attention for the news release, and set SL to minimize you risk of losing money.Quote:
Originally Posted by alamayreh
when we want to start the trading then we are some kind of worry about our trading but if you get many profit from here in previous trading then your confident level is high and then you easily play the trade and make the better profit from here
learn first demo, make a plan for your trading and always pray for a smooth trading you are doing, if you are ready to descend into the world of forex, you can increase your capital in forex dengn larger scale of course
An effective way connected with previous to fx trading it is best to study for starters little one pips and should work with to help tryout bank account. it is incredibly experienced factors intended for professionals in addition to completely new professionals will probably be incredibly effective.
before you start trading, you need to learn on one pair and learn the characteristics of the pair is, I think if we focus on one pair, it will be easier to understand than the pair learned a lot, because I think every pair has different characteristics.
I wanna to say that before start trading we must be also be sure that we have understood the way the markest is working and how to catch the opportunity that his market present. also, we must know that there is really no shortcut to achieve big success. all is done with strongest determinations and hardest working and also a lot of the times !!
before we trading we have to analyse the market trend because i think it is important if
we always look the market trend we can make much profit in out trading and avoid from margin call.
it is the time when we do every thing and change our ideas and method but during the trade we never change any thing because bro you know this thing it is very risky if you do this then possible you get the loss in this business
forex ma achi income hasal karne ka laye ap ko market ki smj honi chaye aur wo smj ap ko tab he aye gai jab
ap forex ko achi trah learn kar lo gaya forex ki puri detail jab ap ko ho gaia to ap daily ache pips hasal kar sako
gaya ap ki dosri sa smj sa ap forex sa bohat kuch hasal kar akte ho.
every friend who want to try forex trading bussiness i told to keep learn what is forex and its risk. forex is a risky bussiness with a big profit if we can do well the aspect that makes us being succeed in forex
Q: how to use leverage?
A: 1:1000
Q: what strategy he will be using to open trade?
A: The following strategy is for the GBP/USD currency pair. We are looking for movement on both sides of the Frankfurt opening price. Trading begins in Frankfurt around 7am GMT. This is the bar we will use for our opening price.
The strategy is as follows
A 25 to 40-pip move or more above (or below) the opening price at 7am GMT.
Then a 25 to 40-pip move or more below (or above) the opening price.
This creates a range of movement on both sides of the opening price. We enter a trade when either the high or low of this range is broken. Ideally, we want to see low, high, low breakout, or high, low, high breakout, although this does not need to be the case.
Initial stop is 40 pips.
Take profits on half of the position when showing a 40-pip profit. Trail the rest of the position with a 40-pip trailing stop, or alternatively create a second profit target. This can be done by calculating the difference between the morning high and morning low. Then add that difference to the breakout point, this is the profit target (covered in example below).
Avoid patterns where initial moves in each direction are larger than 40 pips. Moves such as this create large opening ranges that are tradable themselves.
Because we are going to wait for at least a 25-pip movement above and below the open price, it is common to wait an hour or more for a tradable breakout. Until the breakout occurs, we do not enter into a trade using this strategy.
Q: what strategy he will be using to to take profit and stoploss?
A: Stop loss
I've seen many trading systems here, but none has a convincing stop loss for an hourly chart. Plz suggest your possible stop loss strategy on 1 hour tf and let's hope we might strike it right.
Essentials for the stop loss,
1- Should be less than 50. Preferrably less than 30/35.
2- Should be effective and possibily a reversal point.
3- Should be easily identified.
Q: How much he want to invest in single trade?
A: $1 lowest invest for Instraforex.
we are ready to face the risks of any trading process in which we live must be adapted to the various stages that could make us more able to understand the procedure of the state of the position we are actually able to understand more about the benefits of the process in realQuote:
Originally Posted by paijahnpaijo
before you start trading then you must know that forex is full of vability and therefore you must trade as well as be very smart in your trades therefore have a kill in the market.