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I find that Forex is a business that makes good money. The best way before trading forex, you must learn baby pips and use them in a demo account. This provides several important things such as lot size, various currency pair spreads, profit taking, stop loss, pending orders, margin calls. I started competing in trade using leverage to finance the one that best suited the size of my capital, which traded on it and whether I made an unfavorable strategy. Discipline is the key to successful trading !!!
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the best way before trading forex, you must learn baby pips first and have to use it in a demo account. it provides several important things such as lot size, various currency pair spreads, profit taking, stop loss, pending orders, margin calls. many ways to learn forex in depth, forum posting is the best way to get great knowledge about forex. and the key to beneficial exchanges is tolerance and discipline. All students may also know these things, and to practice your calm, you can create a demo account, and after you can go to a legitimate record and you start liking your pip, I wish you luck
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its very important to pay attention to before we make a trade but for the first time, traders must pray to the gods ... then prepare for all the things they will use in their trade ..
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Deciding to invest in the foreign exchange market is a big decision that requires you to do a lot of study, understand new terminology and learn how to read and predict market indicators effectively. and I think before starting trading, a beginner or a trader needs to learn well about forex and the rules ... then he has to try a demo and make a strategy for his real account and then he has to make a complete money management plan for trading and then start trading.
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We must not rush into the market, there are many aspects that we must prepare before we enter. Many observations with technical analysis & fundamental analysis, know the news that will affect the market. So we must be aware of the market before we can defeat it. and Before starting trading, we have to know some basic things in the forex market, like what the forex market is and how to order properly, what is the value of leverage and pips, I think the second most important thing is to learn good risk management, then we can start system and strategy.
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one Forex candidate must know how the trading system works and who moves prices up and down. There are many bases, we must know such as shortcomings, use of leverage and more. Then the candidate must go to the demo account to see these things directly. Getting consistent profits in the demo is a symptom of switching to Live Forex. and Patience begins because there is no will is discipline. And discipline is the key to not Mercantilismes. Newcomers need to learn the original speculation in this forum, and the eBook will download experience if he will not be taken much, account demonstration followed where they place an account demonstration. You start propaganda for two accounts !!
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before starting trading, be careful with leverage and lot size. if you are a beginner I suggest not to trade with high leverage and lot size. proper money management must keep concentrating on these things and your points are very informative and important. I will look at these points carefully before starting the trade because I don't want to lose my money. I want to make a profit in each of my trades even though it is very small.
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What do I Need to do to Open a Trade
Forex trading is much like driving. You begin with learning how to drive and the more you practice the better you get at it. Let’s now begin preparing for the journey.
The choice of vehicle would impact your driving experience. In the forex market, this is the currency pair. There are 3 main types of currency pairs, majors (the most traded pairs), commodity currencies (currencies from countries that have high production of commodities) and exotics (pairs that have one currency of a developing country). To choose the currency pair, you can first check the news to be aware of currencies whose countries might be facing economic or political risks. Check the pip value. If your risk appetite is high, you might consider choosing a currency pair with a higher pip value. Also, you may pair a weak currency with a strong currency. Determine the volatility of the currency pair and how regularly you would be trading. If you’re a daily trader, you may choose a currency pair that moves a lot during the course of a day.
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I suggest not to trade with high leverage and lot size.
Proper money management must keep concentrating on these things and your points are very informative....
thnx
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Trading rules Patience training begins. And training is the essence of successful trading. New traders will first learn the theory you learned in this forum that you can download eBooks, then you can succeed in a demo account, when a demo account for practice is a lot to do. Can start trading on a real account !! and the easiest way to trade with foreign currencies is to first find the small seeds and bank accounts contained in the lawsuit. It makes a number of points, including many styles, unique currency exchanges from images, progress, receipts, stop loss, until you find a withdrawal limit. Many strategies Forex forum community forum content can be a great way to expand knowledge about Forex trading.