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You can get a good grip of forex market through trading live market everyday. That is the only way to understand the market movements of your favorite currency pair. Through your own trading experiences no matter bad or good,you can learn something valuable from it that can help your trading in a big way.Quote:
Originally Posted by traderking84
I believe that it would be knowledge you gain about forex and the experience you gain for trading that will help you to have a sound grip on trading forex, following pre-defined rules, risk management and a good strategy will be pre-requisites !!
I thing if one is honest with forex then he has a grip on it, i mean,Quote:
Originally Posted by traderking84
he or she should train his/her self
Proper money management..
Good Experience
and Discipline is needed...
Forex is a difficult concept for most people to really get a grip on. people that are new to Forex trading sometimes train or practice for years before they actually get good at it. if this is you, don't fret, with some patience and persistence any one can learn how to trade Forex.
I can say yes because we all newbie here are safe and supported by experienced traders. They are always here to help us. I think the most important thing to grip on the forex business is the knowledge of forex market. It will open new ways to reduce loss and similarly open new ways to get profites !!
Right friend, demo trading is always favorite tool for Forex traders to make maximum practice and get grip on Forex. When trader have no clue what to do in Forex then he can use demo trading account to make himself comfortable in Forex trading before he start trade on real trading account.Quote:
Originally Posted by fnifal
There is no need to be in such a hurry when dealing with forex, in order to avoid unnecessary mistakes or losses. One must patiently follow and adhere to the fundamentals of forex otherwise there would hardly be progress.
FOREX MAIN fORUMS KA BAHUT BRA HATH HOTA HAI KOI KI IS MAIN HUME EK HI PONT PE BAHUT SE LOGE KE IDEAS MILTE HAI OR HUME KOI BHI BAAT SAMJANE MAIN BAHUT ASANI HOTI HAI. MUJE TO YAHA SE BAHUT KUCH SIKHNE TO MILA HAI.
Forex trading me apna grip increase karne ke liye hame daily demo accounts me practice karna padta hai. Is se hamara experience aur hamara confidence badhta hai. Hame har waqt apna knowledge ko increase karna cahiye.
I see that it would be knowledge you gain about forex markets and the experience you gain for trading that will help you to have a sound grip on trading forex, following pre-defined rules, risk management and a good strategy will be pre-requisites !!
I am agree with you. FOrex trading is very high risk bussiness. ITs much better if we can minimizing our risk using stop loss on every trade we made.Quote:
Originally Posted by Joynal
It is very difficult to have grip on Forex as I have been here for years but can hjave any idea how to have grip/practice and hard work are key to success on Forex .More practice will make you prefect and hard work will help to know more and more about Forex.Quote:
Originally Posted by traderking84
if you want my advice so just listen to me , to be good trader you have to know thing first
knowledge + experience = wisdom so if you want to have the wisdom you have to never enough of knowledge then all you have to do is practice by your hand no direct tips just listen to your brain voice to make progress.
I agree with not using emotions in trading. because if we use emotion in trading, it will make us not be able to think well in making decisions. so it is likely that the decisions we take will also be a decision that is not good. therefore most likely to get a loss if we make decisions using emotions in forex trading. so we should really be menganalikan emotions well as trade.
My experience with the forex trade is to start trading in micro lots using strategy with simple indicators even at he cost of incurring initial losses and making small profits:). Read the charts of various timings with the same indicators and find the variation in interpretations. Later on changing over to more advanced strategies of longer durations . Discussion on the stratagies with professional trader immencely helps :)
The only way for this is gain experience.
Just focus on whatever you can learn in forex . Start from basics , learn and apply the technique.
By the time you will develop grip on forex
hey i read your reply even i m a beginner so i dont know what an indicator is in terms of forex , & this os is also not familiar to me, and can u plz tell what you mean by this line "trailing stop in cheezo ko lazmi use kro is se daikhna aap overall profit me raho ghay"????
---------- Post added at 02:16 PM ---------- Previous post was at 02:14 PM ----------
As a beginner i am also facing similar situations like you, all i can say is first go for basic terminologies as i started , as everyone here is talking in sense of some terminologies so, first terminologies, and later to start with small investment......this is all i hv planned.
apprenticeship in forex unnecessary if in executing forex trades done conformity with the rules that have been made. it will give the forex's security.
One has to choose to enjoy learning and always be ready to learn,develop a good strategy that can stand the test of time (it should produce consistent profit for a period of at least six months),and discipline to hiold on to the entry and exit strategy.
Learning is the way to avoid much loss from this business. Because from learning you can be gain more knowledge. And with knowledge you can easily made good analysis. And with good analysis you can easily make good profit from this business.
Forex enable me to obtain foreign exchange easily through trading in the forex market and a good understanding of the market and get more profits Atinaaltdaol.
Forex real key to the success of politeness. Strategies, money management discipline, discipline calculate the profit and risk of implementing discipline. If you are able to control these factors, I think you can survive in this business.
Well i believe the best way to make your grip on this business is to get as much of the knowledge as possible. Knowledge removes ignorance and induces confidence and if one is knowledgeable then there is nothing in this world which is impossible for him.
All what you have to put at the back of your mind is Money management rules need defining. No more than 2% pot to be at risk at any one time. Based on distance to stop and position size.
How You Can Make Money Perfecting Only 1 Setup – A True Story
The following story is a true story about a trader I both know and have helped. For this article the traders name will be Rob. Hopefully you can learn and take something away from the success that Rob achieved by doing things differently to most traders.
we know this fact that practice makes man perfect ot bina practice apki forex trading me koi jaga nahi just loss he loss hai is lea try to get experince in forex trading then ap ko bht faida hai otherwise bht losses ka shikar ho jaengy just ap grip achi rkhna chahen to khoob practice kren demo main...
I think you come here at indian forex forum side welcome for you. Because You can get some better knowledge about Forex market. Because you can see share people experience about resistance level soft at mt4 and technical way you can learn from Forum site.
mera to khyaal ye hai k ager hmen aik successful trader bnna hai or apni har trade ko profitable bnana hai hmen kerna ye hoga k hmen dusro se unki strategy ko seekhna hoga money management ko dekhty huy har barr trade execute kerni hogi tab he hemn fadia ho skta hai or har trade me profit ho skta hai.....Quote:
Originally Posted by traderking84
The markets are rogue and robust and it is not a place where you’d want to make a blink or one wrong step.
Yes iam thinkQuote:
Originally Posted by sspences88
As you are a newbie,you have to learn the system of trading first.The option for you is start with a demo account.You can learn a lot from a demo account.You should collect e-books and tutorial videos.Follow them.Make a good trading strategy and you will be successful in forex.
I just still confused if the sari begin to learn where? if we ask one thing then we will get several different answers, as a new member we will usually difficult to determine to learn from what used to be.
Speculate if this trade to pick to savor understanding and always be well prepared to master, produce a very good approach that will stay the exam of the time (it must create steady income for a period regarding at the very least half a dozen months), and also self-control to be able to hiold about the admittance and also get out of approach.
Obvious and examined technique and enough exercise and encounter, a sparkle to understand new factors and making, dareness and really like to take difficulties is all that you need to have a audio hold on currency trading.
you happen to be currently with the appropriate position then you can definitely create present to whilst and have the knowledge you'll want to expand your whole body and turn a fantastic speculator, nevertheless preserve to never don't forget there's zero instantaneous means as well as shortcut and then you will need to expand on your own and also you'll be able to, feel using sensible and then you should state your current potential then you can definitely create pertinent goal along with planning anyone.
The only way for this is gain experience. Just focus on whatever you can learn in forex . Start from basics , learn and apply the technique.By the time you will develop grip on forex. The following story is a true story about a trader I both know and have helped. For this article the traders name will be Rob. Hopefully you can learn and take something away from the success that Rob achieved by doing things differently to most traders. All what you have to put at the back of your mind is Money management rules need defining. No more than 2% pot to be at risk at any one time. Based on distance to stop and position size.
If you wants to make a grip on the Forex than I think that you requires to practice hard on the demo account and you try to make your own trading strategies and try to stay with that strategy don't follow the crowd and give good respect to the money and the risk management.
if you are new in currency trading you should use trial consideration and for getting details check out website www. child pips.com this website have own studying university you can get more details from this website .You also make a good investor .
this is not an easy task for every one and for this all the things were need to know and if we will worked hard here then we should must be got knowledge about this business if we want to got success and it will must be good for usQuote:
Originally Posted by sspences88
It takes time for the traders to get hold in the forex trading business. Because we need to understand the market movement and then place the orders according to that. We also need to start up with certain decent capital money and only the trade in the forex market. Being patient and disciplined is enough to get hold onto it.