Forex trading requirement must know all!!

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Originally Posted by Ammie

1st thing You must have internet connection for trading.
You must have knowledge how to trade? Coz forex is a damn thing when you dont have knowledge of it.

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knowledge is how when we read the movement with news analysis techniques or manually. learning to forex it very much. so we should be able to understand it for a better starting point. happy trading:good:

Mujhe aysa lagta hay ke Pahele trail or demo account pe try karna chahiye take hum harkar he sahi leken samaj sake. hamari galatio se sikh le sakhe. tab real accouont me pareshani bohot he kam hogi. Ye 1st requirment kahe sakte hay or dusra hay rulse. har koi business ka ak rules hota hay. Forex me trade se pahele hum e rules acchi tarase janna chahiye.

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Originally Posted by hiren

yes brother its true but to prevent huge floting loss its better to set SL always which cannot make us depressed . before so may time i faced such but now always putting sl and tp and just waiting how my analysis its hit the tp ot sl .

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A trader must always try to minimize his losses and trade with less and low risks as it is very important for a trader.Also it is better to put stop loss to all your trades.

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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aapne achha post diya hai hum jaise beginners ke liya hum logo ko in sabhi ki knowledge honi jaruri hai mai aapke post ko padkar bahut accha feel kar raha hun kyoni mujhe ye sab kisi ne nahin bataya tha.

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Originally Posted by newentry

it is a good idea, and sometimes i get this bad experiences when i can not make an execution for my orders because bad connection and of course this is very harm my trading, and as you said here, this is a good solution to handle it happen again..i really agree with you

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we have to keep alternate internet connection in order one line fails to transmit data other line can be activated.i must say its better to keep one wireless line and one cabled line so dat the open trades and take profit and stop loss point does miss by us.

yeah you are right.forex trading main enter honay kliyay sub say pehlay us k rules study kerna zaroori hain.us ki requirments ka pata hona zaroori hai.us k baray main knowlege zaroori hai.as is main bohat choti choti si bhi batain hain jo na pata hon to loss ho jata ha.so complete knowlege is neccessory.

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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sa se pehley to app ka bahot shukriya k app ne itne achi post ham se share ki ha ye bahot he karamad post ha ham sab k iye or es ko parrh kar hamare forex k ilam main or bhi izafa howa ha thank you my dear friend

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Originally Posted by twinkling star

yeah you are right.forex trading main enter honay kliyay sub say pehlay us k rules study kerna zaroori hain.us ki requirments ka pata hona zaroori hai.us k baray main knowlege zaroori hai.as is main bohat choti choti si bhi batain hain jo na pata hon to loss ho jata ha.so complete knowlege is neccessory.

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har trader ko yahi baat samjhayi jati hai ki agar usse forex me trading karni hai to sabse pehle usse trading ke rules seekhne chahaiye kyunki bina rules ke trading karne walo ko forex me loss hi loss hota hai
iske baad trader ko senior traders se consult karke hi trading karni chahaiye kyunki experience ka bahut bada role hota hai forex me

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Originally Posted by assi

right and there are some rules which are very very important i tradings. amoung which the most important trading rule is the money management and if you will succeed in it then i think you will be good in low risk takings.

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profitable trading strategy, but do not run with discipline, it will be useless. so the most important discipline in the trading system rules, and money management, i want to have two strategies that can be used when tranding and sideway, so I can take advantage of all market conditions to get a profit

except indicator noting gives us past record and mood of the market i think..
experience or gut feelings in the market are effective?? i think its not what can matter is deep and vast study and keeping update with current affairs around the world which can give you indications towards certain trends..but again its long process and takes plenty of time ..so i think for beginners indicators are the best tools..