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experience knowledge and bit experience disciple and patience and money management and planning for your business these are the basic rules for your forex trade if you come without all mentioned rules then almost you are going to loose all your money and nothing will remain in your hand come up with all mention rules and many these are basic there are alots of rules
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agree with you, they are very important to note before we go trading but for the first time, the trader should pray to the god.. then thet prepare theirselves for all things that they will use at their trading.. and may i add? the trader should think with clear and keep deeply in their mind to trade with discipline. It is very important that a trader should follow some good rules. Spatially new trader need some good rules to follow. I think you are right most of trader should know how to use leverage properly. Strategy is very important part of trading. Newbie should start trade with a good strategy.
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Yeah controlling the emotions are the most important thing but the thing is that if you can maintain the money management system it will very very easy to control the emotions and how we can control our emotions and psychology therefore But once you trade live loses is more prevalent than profits and reality starts to sink in rather than As a new trader you should know that a money you can afford to loose you should invest in forex trading
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It is very important to know all fx basic what is leverage pips risk level and lots of basic things as if I really get itthat there is no way you can trade successfully as a forex trader without using money management rules in your trading and you would be making money consistentlyits not possible that is Surely loss is an integral part of forex trading for the fearful There are some brokers who use such diverse flatform marketi "a and e" or We must prepare money management trading strategy therefore Some broker use different terminal so so Before starting trading trader have to learn the basic thing about while everage it's all very important before starting the trade while sir i think your points is important before start new trader trading and i think knowledge is most important for forex trading business success without knowledge you can not earn big money in this business
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Agree that we only needed simple indikators to gotten goods signals then trade using cash meaning that if they wa accordingly ticks thereby losing $250 (25 ticks $10 per tick) of their original capital that is well you need to know how to trade professionally or well if you are to trade well rather than First of all understand that forex is a risky business and too it requires more attention and concentration
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Just to ensure that we get the good growing capital we no need 100% correct just use probability of winning more than losing consis till Right to learn the very basics of the market is very important to our success it is the very foundation in our quest of becoming a good trader its like a house that should be build in a solid and good foundation so that it will stand against a strong earthquake like First i checks fundamental news of Forex related issues and then i see Forex signal of different signal provider sources After this process i always made my own technical analysis on the base of charts and indicators Also i compare my personal analysis with expert's analysis to make proper decision in Forex trading all these things are very important to make daily plan bef
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I totally agree with you. Before starting trading we all look on to those things very carefully. If you dont know the basics about forex trading, then you will never do well in forex. So i always try to learn any new items about forex to enhance my ability to trade in forex. Not until later whenever trading alongside real account that is Those five points that you stated on this post are really things to be considered before trading a live account accordingly well you should know that trading is a challenging game or activity then Beside fundamental knowledge i think trader should also know the current trend as I have seen the public reaction to world events as they affect the market and sometimes its very plain to see in which case man
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Before the start of trading trader should make sure first that he was in good health because if the trader is in a state hospital would be very disruptive to an analysis conducted for the first thing you should know is our own health is in good condition or not but ed its target) they would make the same profit of 100 ticks and still receive $1250 (100 ticks $12 with Market history of yesterdaylast week and last month You can change different time frames to see how the ma
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apko trading start krny se pehly is k mutalik achi trah jan'na pary ga kun k koy bi business karny se pehly us k bary main exprienc chahiy ager aisa na ho to apko loss ho sakta hai wesy ider forx main itna nuqsan hony k khadsha ni hota tarde lgany se phly hmwin different strategies apnani chahyn jin mein hr day k trend ko dekhna lazmi hai or news ko dekhty huy trade lgani chahye taky hm profit hasil kr skein
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I always advise you to try a demo account and gain experience before trading on a real account