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5 trillion USD being traded daily the foreign only Beginner traders can trade in demo account for some days and then can trade in real account then Then a new Forex traders can be able to make money from here let alone Sure forex has risks but these risks can be controlled by the trader and the only way to control the risks is to have a good risk management good money management and good trading plan and the most important thing is to apply them with discipline
I believe that the trader can be disciplined in trading rule, it can generate a consistent profit, but it is very difficult to be disciplined, requiring a lot of time to undergo the process of learning
FOr beginners it is good to check any strategy in demo trading and then apply it on real one but Secondly you can attend a forex training sc then Firstly you can start by reading the posts been posted at th accordingly if traders are learn this thigs properly then no body can stop them to get success This is what all have to understand and then we will be able to control everything
New forex traders must know and understand the rules in fact This means that only when we have a proper guidance we are going to learn and can also take the help of forum resources There are different ways by which the traders and thats what will make you to be an independent trader that is no one should trade in real account without practicing in demo so Every new trader fail in forex trade market for a simple mistake
So practice demo account at least two month for earning experience and knowledge so Learning and experience is most important in forex business and as a beginner you should focus on playing in one currency only my advice for every new trader do not start to real trading business till the success to demo account business so forex is very high risky market so need to more practice and real the book baby pips otherwise is not possible to do the gain of forex trading business
Hope you will became a best Forex trader accordingly new traders should start their forex life with a demo account as well Forex has always been a magnet for investors and traders who are looking for an exciting business venture to invest in giving them the thrill adventure and excitement along with an idea of a quick and easy way to make profits after all try to read the read on this forum has many masters who share their knowledge on a variety of good trading plan
excellent beginner ideas to discover and adhere to these actions prior to trading in actual account.. i think in case each new trader discover all of these deeply and adhere to solely the following pointers then most chances they not constantly in loss in forex business......
So always try to understand these points invest small and then be able to control larger sums of money so earn bouns here..
when the beginners join the forex then they need good care and they need good strategy
so that when they should come in real tradings then they should be able to get the money
from the market and this is the difficult task in forex
If we are disciplined with good Money Management settings I guess a margin call will be far from us, for example with the power margin not use sl 5000 pips in the trade would be safe but must be careful calculation but if we are trading random origin, then we will visit the whose name is a margin call