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yes do not try forex with small amount and whatever amount you have see how much you can achieve with less risk and this is where you have to work on money management and this is just the basic and do not ignore the basic because some people make basic mistake like taking big risks and they pay price of that too.Quote:
Originally Posted by forexman
I now know that not everything that forex traders see in forex that they must learn. There are many indicators, but we learn just a number of them and use it in our trading of forex markets.
for forex begainer most import i think is basic thinks about forex, and also idea about currency market , and many issue related to market of variuon country,. and also must know about broker i mean idea of lavarage , volume expert in trading etc
even is very good when we are cant monitoring our trades.
with stop loss adn take profit, we can leave the chart and still wait for the result. and certainly we are hoping the position will touch the Take profit, but if touch the stop loss is no problem because we able to accept the risk
On the use of stop loss, I have this to say. The stop loss is good if you have the use of a large lot size on your trade and you wish to minimise your risk. If however you use a small lot size and you are sure of your analysis, it is best not to use a stop loss.Quote:
Originally Posted by SG Trader
i have a bad fate when i using a low internet connection. at the time i has trading and my position is affected by high news and i get floating minus to much. on the way i try to close the postion by manual because im forget to set my stoploss. the metatrader only show requote, requote and requote.. im so tired for it.
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
so good thing is to read and read. it is a good idea, good science is the science of the reading obtained from our experience and try to understand. and in the forex experience is important. There are 1-2 years has been successful. there is even less than 1 year yag already successful in the forex. all depends on the struggle and hard work we are to learn
I think to be able to profit consistently and successfully in this business, you do not need to know all about the science of the most important forex you already know the basic system and if you are able to profit consistently continue.
I appreciate you on this post as you have discussed about all the basic requirement for forex trading. We must know all these information before starting the forex trading and should make it necessary to have all these facilities before trading.