Before you start trading.

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Originally Posted by playfx

for me the most preparation i need to set up is my trading environment and of course my own emotions. i must make sure that i'm in a good shape and in a good mood. without that, all my trading will completely ruined.

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great tips for newbies :)
even though it seemed tiny, mood can also affect our trading result and i agree with you on this one.
sometimes i missed trading opportunity because i'm not in the mood to trade and this is bad for me.
but at least, every time i want to enter the market i make sure that i am in perfect health and have a fresh mind.

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Originally Posted by ashar

I learned on the internet, many strategies that can be learned, if you rely on technical analysis, you should avoid trading with the news. all traders want to be successful, a lot of money from forex trading business. many strategies that can be learned. we can choose a strategy to generate a consistent profit

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To obtain a consistent profit we should have a good strategy, many strategies that we use but must conform to your trading style. strategies in addition you also need to have emotional control, and good money management.

suggestions are very useful for me and I will make my guidance in doing this business. I will be happy in this business. successful greeting:yahoo:
if I may add that my habit of doing before the start of trading is the bath:)))

Before Star Trading, I think the best is our prayer. Physical and health then we must also be good, so that we can do the analysis properly. Good physical condition will not affect our ability to think. So if physical condition is good, better not trading.

I think it is important for you to select a currency pair to trade on too. And before start trading you must look at the position of the market and read all the news too. Then you can set your trading strategy and see if there is a signal. mean time you can refer others analysis reports too. Then based on all the details you can open position. Once you open the position you must decide your SL/TP levels. It is also important because that will not only safe guard your profit but also safe guard your loss from un expected market movements

I hope that before start trade you should more learn and have confident to know about forex. You have plan, low leverage, opening strategy and closing strategy of trade, invest, risk, money management, emotion, technical analysis, news, sentimental, open low trade and also take more time to monitor market then you can open the trade. You will be gain for open the trade.

before starting to trade, it helps if the merchant is able to recognize basic trading style that was in him. then learn discipline and managing the funds used in the trade. I suggest to use a demo account to be able to learn the skills and the ability to trade before deciding to go on a real trade

Patience is a decent business rule began and discipline is the key to business success. New traders need to learn the theory, in this forum to learn and be able to download the book, when you can win in a demo, demo accounts have a lot of practice. You can start trading in actual accounts.

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Originally Posted by alamayreh

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

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han app ki baat sahi ham ko en cheezoun ka lazmi khiyal rakhna chiye kioun k main khud bhi ye cheezine dekh kar he forex trading ko strat karta houn es se mugh ko kafi help milti ha forex ko samghney main or koi decision leney main

Pips in an easy word we can say that points for example we say 5point up/down in forex, we state 5pips up/down leverage in straightforward word multiple your money excluding if your account have 10$ and you decide 1000 as leverage then you would be able 10$ to manage 10*1000 market movement.