Forex trading requirement must know all!!

I am agree with you.Many man think that,forex trading is a very easy business.I also say,it is a very easy business to loss all of your money.But if you want to profit from it or if you take it as your profession,you must learn it first.

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Originally Posted by ashvi

Yes the internet access and the system we use should be of the fastest mode as much as possible, so that the traders are not left behind with such silly problems as there are many problems to be faced in forex trading while trading, thus having these basic facilities is a must and should for all traders.

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A moderate speed computer and a good reliable internet connection is quite enough to start Forex trading . There is no need to have a super fast internet connection, but the Internet connection should be stable and reliable at all the time without any kind of interruption else we get re-quotes in critical times.

A favourable net instrumentation can work trading a heaven or rascality. I had have of low internet rate, i was so frustrated that i barely threw away my lappie, i was using a tata datacard and the signaling was so unhurried that day

I also think if you learn and practice in demo account then you get good experience. Because demo account is like real trade without real money. So i think demo account trading is very good for a newbie trader to get experience.

We can make strategy and do analysis on demo account.Its better to test first your analysis on demo account then trade on real account till you are making consistent profits.

Right if there are traders who do not know much about forex then he/she should copy trading orders from experts that are making real orders and they can easily get profits without knowing any thing about forex.

These are all basic needs that we should have if we start trading forex.So never start forex when you have not better knowledge about it and try to be calm while trading.

have a bad fate when i using a low internet connection. at the time i has trading and my position is affected by high news and i get floating minus to much. on the way i try to close the postion by manual because im forget to set my stoploss. the metatrader only show requote, requote and requote.. im so tired for it.

even is very good when we are cant monitoring our trades.
with stop loss adn take profit, we can leave the chart and still wait for the result. and certainly we are hoping the position will touch the Take profit, but if touch the stop loss is no problem because we able to accept the risk

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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main to yahi janta houn k app ko ager forex trading seekhni ha na to main app ko yahi kahoun ga k app forex trading main knowledge or experince sab hasil karo es k bagehr app forex trading main kabhi bhi kamyab nahi ho saktey hen