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Before a pair of trades I will usually analyze the pair price movements in some time frames like m5, m30, 1H ff. So we can predict the direction of the next movement. It would be easier if he is adept at reading candlestick charts plus the use of indicators. and Before I trade, I analyze the market and see what I can do well for myself, then I try harder and do my best to make things work well for myself.
before you start your forex trading try to know what is forex and how to trade forex, you learn about forex, you know what is leverage what takes profit and stop loss and demo last 6 months demo account than you trade live account. and Before starting trading, you should know the basics of forex trading. There is a mindset, character, and ideal mental attitude that traders need to get. You must respect your trade, it involves free from anxiety, fear, despair or remorse. It also involves the ability to remain calm, confident, focused and disciplined in the face of adverse trading results.
before start the trading ,i am a only student and not work on the any site or say that no have onloline job and noyhing earning wabefore the trading i forex comunity.this is a good platform fot youngers and specialy for computer realeted students.
before you start your forex trading try to know what is forex and how to trade forex, you learn about forex, you know what leverage is what takes profit and stop the demo last demo and demo 6 months than you trade live account. and Before starting trading, you should know the basics of forex trading. There is a mindset, character, and ideal mental attitude that traders must buy. You must respect your trade, it involves free from anxiety, fear, despair or remorse. It also involves the ability to remain calm, confident, focused and disciplined in the face of adverse trading results.
Very good points and of course before starting a successful trade should know what we want from trading and what plans we live in trading and also in achieving investment goals until we achieve what we want. and before trading, you must have a good strategy. then discipline is one of the keys to success in running any business. Forex is one business that requires discipline and learning not a short time. before trading things we have to do is try the demo account first to know the ins and outs of forex. then you will enter into their strategy that becomes your character.
Easy. Plan your trade and trade your plan. Sounds easy is not it? But most people fail to do this. Once they are in the trade, emotions get in the way. That is why it is important to discipline and stick to your trading plan. Discipline will give you a consistent, even small advantage. But it will build along the way. and I think you are very new in the Forex market when every new body he should try to learn it first rather than trying to get from it, I think we should just follow one trading strategy and follow each rule's strategy in this way we can get more from market
Forex is a very rich and risky business and this is a business of freedom. so everyone can earn from the knowledge of the Forex market then start trading Forex. I am a very interesting business all over the world. So before gaining knowledge and first demonstrating trading then trading directly, another fails from Forex Business and I think before starting trading we should learn about forex basis and have to practice in demo account. Also have to learn about money management. I think money management is the most important thing in forex trading because I have lost a lot of money for not managing money properly. :)
when it is already monday and when you open your pc.relax and control yourself.first analize some of the pairs and watch the charts if there is any immediate opportunity,then check the daily news release and spend at least 30 minutes to experts.try to find out if where will the pair possibly go for this week.and check the support and resistand and the pivot points.and wait for the right opportunity to enter your stoploos and profit taking will be depend on your trading style if you are day trader or scalper.
Always pursue your action or plan that you agree to trade before trading. That's all you need. If you do not accept the trading plan anymore, the bigger it is to finish it. Trading after trading plans such as activity for action after weapons. You would not do that in absolute activity, right? and Here has a new merchant rule must learn the first theory, can learn in this forum and download the ebook, then have to practice a lot in demo account, when it can succeed in demo account. can start trading on a real account. when supplementing good knowledge rather than trading.
The best way is to first start with a demo account. By training with it you can learn about baby pips, leverage & many other things about doing better forex trading. Demo accounts also help you a lot, to take any dispute about investing. and the good part! We know for sure that we have to follow every step to get a successful trading career, path by line. We need to do all our homework to get better skills to trade. Without the responsibility to always be disciplined and follow every step of the learning, we will only trade with more potential to be regrets, no matter how good the strategy we will use.