If you start trading, you are still not sure which material you need. If the material does not make the trader, he contributes substantially. Good equipment in good working order is a guarantee of success.:)
Printable View
If you start trading, you are still not sure which material you need. If the material does not make the trader, he contributes substantially. Good equipment in good working order is a guarantee of success.:)
it is my personal opinion that
if you want to start trading then before investing money
you should do some exercises on demo account so you can know the basics of forex trading.
and get some ways of knowing the trade.
Of course there are many indicators or technical analysis.
Beginners just need to use a simple, trust me, simple but very effective.
You do not need 10 indicators that just make you confused,
just RSI or Stochastic or a combination of those who can give you a good signal!
hanji forex trader ko esme trading start karne se pehle apne aap market me sabb learn karlena chahiye,esme trader jetna jada market ko ache se samajhkar chalenga wo esme utna he acha kar sakta hai,esme trader ko sabb apne analysis se he market me kaam karna aana chahiye.Quote:
Originally Posted by zahraali989
Before starting real trading, an individual needs
to understand almost all the issues about Forex trading well.
As a result of, if he or the person understands a lot, he will utilize a lot.
But expertise is actually one of the most important factors.
and for this we have to trade in demos to gain some basic knowledge and gain some experience and if patiently we trade on demos then no doubt it gives us useful results. Anyway I think there is no place of luck but it really produces a good understanding. The steadfastness usually needs to be probably driven dealing concept. besides control will be important to help effective transactions. really new professionals really should learn the main theory, certainly can learn in this community in addition to get this guide, next should be many processes with tryout bank account, as soon as possible effective in tryout bank account. can start dealing with the original bank account.
when it is Monday and when you open pc.relax and control yourself. first analize some pairs and watch the charts if there is a direct chance, then check the daily news release and spend at least 30 minutes for the expert.try to find out if where the couple will go for this week. and check support and resistand and pivot points. and wait for the right opportunity to enter the stoploos and profit taking will depend on your trading style if you are a day trader or brokers. one of the worst habits of some traders like me is when i open my computer in the morning i can not control my fingers to make a trade.l mean i have been like that before then i have found that when i do that in many cases lm loosing.it is better to be patient and relax, there are always so many opportunities waiting for us there. The first and most impotent is to maintain the balance you have. Do not waste it and just carefully build it. This is logic.
I believe that before you trade you have to commit to discipline. You can be flexible, but do not violate trading system rules. Discipline is easy to say, but very difficult in practice, I lost time due to lack of discipline on the rules of the trading system !! I believe that most of the preparation I need to manage is my trading environment and of course my own emotions. I have to make sure that I am in good shape and in a good mood. without it, all my trades will be completely destroyed!
Learning is a must on Forex. We must continue our learning process even after we start making a profit. Because, Forex is full of risks and we must be ready to face market movements. If you stop learning, then you have to start losing. First try to learn the basics of Forex and then do a cent account. If you are satisfied with demo and cent accounts, then try a real standard account to gain experience. Before declaring a trade, you must collect all the necessary information about forex, ie trading system, fundamental and trading analysis, competitive analysis, etc. Then you have to practice trading on a demo account. Without practicing a demo account, you can get any success. So always be careful before starting trading in forex.
In my opinion, we need the best preparation before entering any forex world. First of all it is necessary to take a good lesson on rules and procedures. Then join as a trainee or engage with any senior team. After that we can use a demo account and know all the functions, tools, indicators. So all the necessary steps need to be followed. and I think that before starting a trade it is necessary to take training or some tips for getting into the business, the best way is to choose a demo course that will be useful. Without advocating training, there is a huge loss of risk in starting a business really !!