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You'll need a game plan for making it in the markets, whether your own or someone else's. The strategy should suit your trading style and temperament. You might start with widely-accepted principles of fundamental analysis and also read about technical analysis. Distill what seems most reasonable from a variety of sources.
leverage is really a very important part in forex trading and is always looked over by beginners. see, if u take high leverages like 1:1000 then you like to make more than one positions open as u see lot of free margin is left. that ruins ur account.
before start trading you must have a proper knowledge about trade,you must maintain some ruls and regulation and also maintain your time.and always use a demo account first before use real trade.
Before starting real trading that are training at the expense of demo period not less than 3 months, enough education to gain experience and then start trading
before trading, then we must know some hl, of course is the basis for knowledge about forex. In addition it is the knowledge of the news to be released. is there a high impact? with technical and strategy analysis on a pivot point is also very important to do
Best demo account foreign currency trading before you, and how to use the seeds should be the first child. This is a very smart thing to do for businesses and new businesses will be very helpful.
I agree with your opinion, before we have to prepare a trading strategy first. and we can practice with a good strategy in a demo account. because we will not experience a loss in the demo account. then all we need is our strategy tries to improve every time, so much the better.Quote:
Originally Posted by obaid2012
You are absolutely right a trader when make a order then he should check all these matter is ok, it all is ok then a trader should open a new order but unfortunately maximum forex trader do not follow it as a result 95% trader are loser in forex trading.
You are 100% sure.To become sucess everyone should need o follow some stragey.Though you just give only 5 there are so many step you need to follow.After thank you for your nice post.Carry on.Quote:
Originally Posted by alamayreh
leverage =good profit/good loss
strategy = is the mine fact in forex .if you want to be a great forexer you shoul be make a good strategy .
if you want to be use take profit and stoploss you can did
how mouch money you need thats radtion you invest
you also need a money management
---------- Post added at 04:10 PM ---------- Previous post was at 04:05 PM ----------
I agree with you.Before forex study every man need knowledge about forex theory . without forex theory you can not get success in forex. so every one need basic forex knowledge.it's your main work first time in forex