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to be successful in forex trading requires sufficient knowledge, we cannot sit and only make entries without good analysis. it takes hours to fly long enough for us to know these price movement habits, and that can only be done by people who are old enough to trade forex. And before we start trading forex, we have to check and make sure we have the skills , important strategies, and forex trading capabilities. After that, we can now try and start trading forex.
Of course the online trading option is very profitable as a business you can do. However, like other financial markets, there are big steps that must be taken when approaching this type of investment. Even though they have some similarities, option trading is not the same as trading stocks and bonds. If you can master art correctly, you can reap huge profits only from trading options !!
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the most important thing before trading is calculating risk because if your risk management or money management is not good enough than you will be a street child in a few days or a few minutes. 2nd is a strategy you must have a perfect strategy with the rules of entry and exit that are perfect with SL / TP. And the other thing is don't be emotional when you trade and if you start, the best advice anyone can give in the forex trading strategy, don't let emotions play the plan. Your strategy must start with how much money you want to lose. Another strategy that is often used in forex is known as stop loss.
It is very important that a trader must follow some good rules. New traders spatially need some good rules to follow. I think you are right, most traders must know how to use leverage properly. Strategy is a very important part of trading. Beginners must start trading with a good strategy. and before starting trading on forex you have to read about the trading market and have complete information about market trends if you open a trade but the main thing that you think is very important is your money management, your strategy and your trading plan.
friend pips in simple word you can say points....like we say say 5point up/down if forex we say 5pips up/down
leverage in simple word- multiple you money ex- if you have 10$ and you choose 1000 leverage then you 10$ able to control 10*1000 market movement.
and if you want to know more then first you go
dear friends i am a newbie so i don't know anything about Forex ,so please explain what is pips, leverage,candle stick,indicators,how to watch market,which is the best time to trade etc,any experts are here please explain it
dear friends i am a newbie so i don't know anything about Forex ,so please explain what is pips, leverage,candle stick,indicators,how to watch market,which is the best time to trade etc,any experts are here please explain it
friend pips in simple word you can say points....like we say say 5point up/down if forex we say 5pips up/down
leverage in simple word- multiple you money ex- if you have 10$ and you choose 1000 leverage then you 10$ able to control 10*1000 market movement.
dear friends i am a newbie so i don't know anything about Forex ,so please explain what is pips, leverage,candle stick,indicators,how to watch market,which is the best time to trade etc,any experts are here please explain it,if these thread already posted then please post that thread link here