Some things can be said about how people think or feel when it comes to Forex. First off, since there so many new people trading currencies everyday.I have login in a day 3-4 times
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Some things can be said about how people think or feel when it comes to Forex. First off, since there so many new people trading currencies everyday.I have login in a day 3-4 times
I did not blow my account still now but I had to blow three demo accounts at the time of practicing in demo account.First time it happened when I did not use the tools like stop loss,take profit,etc.Second time I had to blow the account because I used high leverage like 1:1000 and very soon I lost my account.The third time I entered in a wrong position and the continuous loss came to my trade.Every time I got new experience and learnt some important things which are now very effective in my real trading.
Forex is actually the foreign exchange and deals in the goods, services and currency trading. Forex trading has gained prominence with the passage of time and more and more people have started chasing the trend. This concept of forex is purely based upon investment whether they are small, or big one.
have lost'my'accounts minimum five times i guessd, the first one for using large lot size and it was when i had any knowledge about the lot size and MC, others for holding on the losing trades and not fixing a sl targe
when i was a new trader to the Forex market. so many of my accounts were blown away because i did not have the skills, discipline and experienced, at that time the best thing i have understood is to practice more and find out the weaknesses and rectify them to reduce my losses and improve profits, and finally i think i am successful.
the majority of beginer , like me, always relying on other traders' strategies which I think is more experienced. but, I can only losses. because not all strategies can be fit with my style.
I want to say that if people are serious about making money out of tradinh why on earth would you actually start trading with real money if you didn`t have a method which works ?
i have lost'my'accounts minimum five times i guessd, the first one for using large lot size and it was when i had any knowledge about the lot size and MC, others for holding on the losing trades and not fixing a sl target.
i even have got the margin calls double and all times my account is blown off utterly. in each the margin calls a thing you need was common and or a my massive lot size order that caused me out to blow my account.
Trading Forex is something that is very likely to result in people giving you trading advice, either on the internet, on television, or from people in your daily life. Whether or not these tips should be considered sound trading advice is something you will have to take into consideration before or if you use them. Everyone wants to play the hero and tell you that they just "know" the EURUSD is going down or that they heard a great free Forex tip from someone who is in the know recently.The most savvy Forex traders understand that the best Forex .
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Compared to stocks and futures market, Forex trading involves limited risk. The market is less volatile and if the forex trading investing is handled carefully, there can be no or minimum loses. This is because forex trading is not dependant on just one company or person. It depends on the overall economic health of the country.