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I think before you start your forex trading activities, you should first learn the basic theory of forex trading and practice it on a forex demo account until you are proficient and discover profitable trading systemQuote:
Originally Posted by alamayreh
most important thing before trading is calculate risk because if your risk management or money management is not well enough than you will be become a street boy with in few days or few minute. 2nd is strategy you should have a perfect strategy with perfect entry and exit rule with SL/TP.and other thing is dont be emotional when you are tradingQuote:
Originally Posted by alamayreh
You can use leverage, investing in forex, share trading and margin accounts. Consider each of the following scenarios in order of increasing risk.
If you start, the best advice anyone can give in the forex trading strategy, do not let emotions play plan. Your strategy should begin with how much money you are willing to lose. Another strategy is often used in forex known stop loss.
The keys to successful trading are patience and discipline. All beginners should know these things, and to practice your patience, you can create demo accounts, and after you can go to a real account and you start to enjoy your pips, I wish you luck.
Yes all the points you've mentioned above has to be considered before start trading in real market. The most important thing which one have to considered is how much money one could afford to lose, because investing money means risking that money.Quote:
Originally Posted by alamayreh
those are really important elements which cannot be ignored. but there are some more more things which are also considered before starting trading on forex. those are....
1. learning more about forex
2. mandatory constitutions of forex
3. spend more time in demo
4. learn to control emotion
and many more.....
Baby pips is good site for learning how to trade, but this indian forex forum is also good to learn forex. Now that there is contest trading, we can check the contest participant and see their strategy. We can learn from there too.Quote:
Originally Posted by prem
Before starting Forex, one Forex aspirant must know how a trading system works and who moves the price up and down. There are lot of basics, we must know like going short, usage of leverage and many more. Then aspirant must go to demo account to see these things in live manner. Getting consistent profit in demo is a symptom for switching to Live Forex.
a lot of knowledge that must be known before starting forex trading business ..
we must always be prepared to lose all our capital in one day, ..
but we can minimize the potential loss by applying money management in our trading activity
No i don't believe in this kind of trading, one should not be prepared to loose the money, instead be ready to more money , more wealth with adequate knowledge of the market and trading conditions. There are many ways to learn the Forex without loosing the money in hand. But if at all after all your efforts loss comes , then be prepared mentally for that.Quote:
Originally Posted by oscar
I think your right newbie should learn first about forex. Then learn risk management system and practice with demo account. Practice makes a man perfect.
It is very important that a trader should follow some good rules. Spatially new trader need some good rules to follow. I think you are right most of trader should know how to use leverage properly. Strategy is very important part of trading. Newbie should start trade with a good strategy.
yup, same with me, confirmation between fundamental and analysis is the most important part before we decide enter the market. Usually i will crosscheck in each time frame form the smaller one till the bigger one, if all the movement is on the same path then i will know it's time to enter the position.
before start trading in forex you should be read about trading market and have full information of market trend if you open a trade but the main thing which think is so important is your money management, your strategy and trading plan.
demo account first of all jeetna merzi koi koshish ker ley , serious or emotions k saath nehi ker sekta and second jo result demo per ho same live per hona bohot mushkil hey kunki emotions hotay hien, jis ko control kerna, aag k deriya mein jump legaaney k beraaber hey
forex start kernay sey pehlay aap ko risk factor ka peta hona chahiye or yeh jaan lena chahiye k loss is kaam ki guarantee hey, losss her haal mein hona hi hey, or forex ko achay sey seekh lena chahiye
Good points you mentioned. These all can be found and studied on baby pips.com. Baby pips is a great source of learning forex.
These all are concerned with the trading but a newbie trader should also have his mindset for traing.
More over a newbie trader should have control on emotions and should have patience.
when it's already monday so when you open your computer.unwind and control yourself.
first analyze a few of the pairs watching the charts if there's any immediate chance,then look into the daily news release and spend a minimum of half an hour to experts.
attempt to discover if which side the happy couple possibly choose now.and appearance the support and resistant and also the pivot points.
and wait for a right chance to go in your stop loss and profit taking is going to be rely on your buying and selling style if you're day trader or scalper.
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.
Before start trading there has been no specific rules, but first learn about forex good, learn also some strategy , first use it in demo account after a good result use it in real account else no need to use it , just leave it and try to get new strategy , if it successful then use it in real account.
First we must prepare whats are needed before decide to enters forex in executions,we can make predict,read news,watching indicators,reading coming news
all of that are importans because it will affects in forex.and dont forget to trust your decisons,after successfull makes orders.accept loss and thanked to yourself and God in profits
I think all it needs to dipetimbangkan carefully before we go to trade. and possibly one more to the question before the start of trading, has psychology we are ready to face all possibilities that would happen? psychology as well as we need to prepare before you start tradingQuote:
Originally Posted by alamayreh
I agree with your opinion about using SL. In your opinion, what SL is good for EU trade? say we have a profit target of 100 pips per day. In the trading, is there a synergistic rule between the SL and TP? how would you be? thanks.Quote:
Originally Posted by alamayreh
money management is one of the trading that can not be forgotten, because without good money management we will only defeat in the forex,Quote:
Originally Posted by alamayreh
the use of SL and TP is not too much is also one of the trading techniques that need to be taken into account before entering the market.
and no less important factor is to always look at the economic news, because the market price is also influenced by economic news. :woo:
forex me jo bhi trader trading karta hai usse sabse pehle forex se hone wale losses ke bare me poori jan kari honi chahaiye kyunki traders ko ye bat smajh me aani bahut zaruri hai ki forex ka matlab sirf profit kamana nahi hota, isme loss ke bhi bahut chances rehte hai aur yahi reason hai ki duniya ke bahut hi kam traders succesful traders me aate hai
forex me trading se pehle bahut kuch karna padta hai..trading se pehle apko forex ke basics ache se smajh me aane chahaiye uske baad aapko koi bahut acha aur reputed broker chun na chahiye fir aapko demo account me trading karni chahaiye jise ki aapko forex ke bare me samjh aa sake aur ye pata chal sake ki aap real account ke liye ready ho ya nahi
It is most important that one should understand basics of trading before entering trades. By understanding calculations of using leverage, margin required to open a trade and strategy with money and risk management will certainly help us in succeeding in trading business.
Always follow your strategy or plan that you have for trading before trading. That is all you need. If you don't have a trading plan then its better to make one. Trading without a trading plan is like going for a battle without weapons. You won't do that in real life do you?
you talk about the most reasons lead to successful trading in addition to correct analysis , i want to know what is the most advisable leverage and there is relationship between the leverage and risk of loss of account money , there is 100% successful strategy
Trading forex trading is very dynamic. Every time a change is always happening. According to your trading plan must be made before trading. If in one day, a trader will do 10 times the trading, is not this just be a waste of time? we will not miss the moment? how do you think? thanks.Quote:
Originally Posted by netra
Before start trading, we have to define our trading goals and make a plan for our trading endeavors.
When we define our goals, they are to be specific, measurable, attractive, realistic and has to be within a certain timeframe.
To define a plan, we should fist identify what we want to accomplish and how to achieve the goals. Sometimes traders look for a trading strategy first and then hope that the trading strategy will help them achieve the goals. That's putting the cart in front of the horse.
The final part is to execute the our trading plan and naturally that's where most of us fail. We must have the discipline to execute the plan because successful traders will realize that their problem does not lie in the plan but in the execution.
In my opinion, of course, money is important. But I would argue, caution is also important in trading. Is not trading it comes to money? in this case, I usually use the SL. Even so I still lost my money. I only emphasize the importance of using SL in every Open Position.Quote:
Originally Posted by julien145
before we start we should know the basics of the trade from the trade. It is a preliminary step to trade then we must be disciplined in your trading. How could we trade if we do not know the basics of the trade? What we just rely on a fortune? I guess not
thank you dear jo app ne itna acha informative material ham se share kiya ha main app ka bahot bahot shuker guzar houn kioun k en jesi mufeed posts main dhoundta rehta houn or app jese seniors hamri kafi help kartey rehtey haneQuote:
Originally Posted by alamayreh
and for this must need to trade in demo to get basic knowledge and get some experience and if patiencely we trade in demo then no doubt it give us fruitful result . anyway i think there is no place of fortune but its totally result of good understanding.Quote:
Originally Posted by sinaga
Trading in the demo was trained in the use of the software. Trading in the demo does not give a good psychological effect. So in my opinion, after training in the demo, just the real. Can use the mini or a cent account.
when any person want to join the trading forex and start the trading with real account trading forex they must need to be get the trading education for the better knowledge and trading experience to make more trading money in their account for withdrawal.
Before trading we must learn first and read books and search internet for Forex trading tutorials to learn more and more then we should open demo account to practice in it and test the new strategies tell we find good strategy to earn from it then we can open real account and earn real money.
Before starting trading we should know the risks involved in trading , and should develop strategies to handle those risks by developing the countermeasures for them. Also we should keep learning in all aspects with open mind without having any negative bias.
If we just trade in real account after depositing some money then sure we will lose our money may in some days or some weeks and may we double our account then we will lose it but we need first to open demo account and start training and practice in it.