I will be trading with a very cautious. use a low setting money management, and discipline in the trading system rules. I think the error would make a loss, I think discipline is the key to successful forex trading, so we have to discipline the rule
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I will be trading with a very cautious. use a low setting money management, and discipline in the trading system rules. I think the error would make a loss, I think discipline is the key to successful forex trading, so we have to discipline the rule
yes every broker has different method of payment so you have to choose which is suitable for you. but it never hard to find out a good broker that is easy and also there are not too many forums so just this forum is good one. so in forex you may not have much requirment just money for investment and that is it.Quote:
Originally Posted by Garry
yes you are right i think that the knowledge is imprtant for the trader when he want to success in forex well i guess not necessary to know all the startegies and the indicators and anything when you get start i think that the experience you will get it by the practice and the trying even in demo acount
There are many problems in Forex trading to make money , also there are many solutions for these problems and not all solutions will fit to all the people around the world. So we need to identify our strength and weakness in trading and address them one by one.
I think forex can solve the economic problem of any nation. Firstly, if we look at the side of unemployment, you see that there are many just sitting down at home doing nothing. With Forex opportunities, they can get self employed. From the little money they have, they invest into their trade and earn money for themselves. By this doing, they have contributed positively to the economy of that state.
The main thing that we all need to know and understand is that this is a very risky market and thus we have to start with a small capital until we are able to develop the ability to succeed.
Surely this will take the time and the knowledge but it will be a rewarding experience in the end. Also we have to think in the terms of the overall returns on investments.
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.
A trader must be very careful while choosing his broker as he must make sure that the broker he chooses does not create any problem at the time of withdrawal when traders make profits and want to withdraw it.
we take our job forex because we do not have any other profitable job because there is no one wanna risk by his capital know one can ensure you that you will not be a loser but we have to get this risk and try to get more profit.
sir i had all what you mentioned as mine is new latest pc and i have 4gb as ram but i think they are also important for trading as you said but what we need is trading skills which gives us good profit