Forex trading requirement must know all!!

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Originally Posted by jalu

Though there are some advantages and some disadvantages when you are trading with demo account there.You still can get a lot knowledge and experience in forex without losing any money in forex.

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ha demo account me hum emotions nahi milta hai aur wohi ek disadvantage the hai kyunki bahut log usme jeete hai aur real account used karte hai aur sab har jaate hai.

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Originally Posted by Victoryindia

ha demo account me hum emotions nahi milta hai aur wohi ek disadvantage the hai kyunki bahut log usme jeete hai aur real account used karte hai aur sab har jaate hai.

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Yeah its the problem faced by all when shifting from demo accounts to real accounts. They find it hard to cope with the emotions while trading with real accounts which is almost absent in demo. so i would always insist to learn with a small real account in order to stop wasting time

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Originally Posted by mayengbam

Yeah its the problem faced by all when shifting from demo accounts to real accounts. They find it hard to cope with the emotions while trading with real accounts which is almost absent in demo. so i would always insist to learn with a small real account in order to stop wasting time

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Yes, i also recommend to do real account for some experience. If you want to invest small amount, then go for cent account. It is better to trader even if you invest very small amount.

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Originally Posted by venkiaries61

Yes, i also recommend to do real account for some experience. If you want to invest small amount, then go for cent account. It is better to trader even if you invest very small amount.

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Kuch had tak aap sahi ho..better to have real practice with our money than demo account..so we could able experience which we cant able to do in demo..aur technology se trading mein koi farak padta....Good and stable internet connection requeired...but not about precessors,ram.etc..

:good: great helping and simplifying info added in this topic mod, really helpfull in u nderstanding how trade can be affected by slow connection's......thanx added......

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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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Apki post boht kamal ki hy. In cheezon ko kbi kisi ny higlight nhi kea jin ko ap ny detail k sath highlight kea hy. In our country there is electricity problem and it effects a lot on our trading. Ic tension main proper analysis kiye bgair he position open krni prti hy k khaeen light na chli jaye.

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Originally Posted by s19

main sochta hu forex main enter hone se pahle eski basic knowledge hona bahut jaruri hai..uske baad acha sa brocker select kro...fir kuch mahino tk demo account me trading kr k marekt enviroment, money management, right time for tragde etc. sikhna hoga..if we are able to learn all these thing then our journey start for success.

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To start in Forex the basic knowledge you need to know is about the technical and fundamental analysis of the trade and to do this there are many tools such as charts and different market indicators which you can use.Also choose a reputed broker and learn about money management and risk management which is very important for this trade.

Well, I appreciate the thread. It is a very good work by the thread starter. This is piece of information that every newbies should know about forex. It will help newbies to develop positive aspects towards forex and boost up the skills.

yeah, myself totally agree with topic starter that basic knowledge of forex should know by all traders so that they will never fail and don't fall in any type of emotions too.
Even,this thread is very informative and beneficial for all newbie and beginners so they must read and try it out forex with some knowledge first, not directly jump into it.

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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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I appreciate you on this post as you have discussed about all the basic requirement for forex trading. We must know all these information before starting the forex trading and should make it necessary to have all these facilities before trading.