The best way of before forex trading you should learn firstly baby pips and should use to demo account . its very knowledgeable things for traders and new traders it will be very beneficial.
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The best way of before forex trading you should learn firstly baby pips and should use to demo account . its very knowledgeable things for traders and new traders it will be very beneficial.
It is quite possible to make living and even earn asssets using forex trading if you are experienced enough and do not ignore the risk factor if you make very good in a month save some amount for the next month as the past performance may or may not be repeated due to market conditions. Before starting trading, we should know some basic things on forex market, such as what is forex market and how to place correct order, what is the leverage and pips value, I think the second most important is to learn good risk management, then we can start a system and strategy.
discipline is the key to successful trading. new traders should learn the theory first, can learn on this forum and download the ebook, then had to be a lot of practice in demo account.
All the newbie traders always think in the market that it will turns all of their dreams into real thing i can say to them yes but it is not easy and needs more work and more monitoring and big studies like in the univeristy or more also .
true baby pips and demo accounts will help beginners to get a real forex trading account so that the trader penetahuan and experience can benefit a lotQuote:
Originally Posted by asikrana
well i think you are very correct the based on your point of view which say what strategy he will be using to open trade i know most forex traders never take much of there time to understand the best strategy that works fine in there direction but they rush into the forex market and they end up losing there account
Put your trading plan to work in real market conditions with a risk-free practice account. You’ll get a chance to see what it’s like to trade in real market conditions. while also taking your trading plan for a test drive — without risking your capital.
physical condition can also be something that we should pay attention to simply because when we are not really in a wholesome condition we are prone to incorrect decision. that's the reason we must eat well and then should keep our overall health for as long as all of us intend to remain in this business. wholesome body, wholesome mind as well as healthy wallet.
To begin trade, at first open a demo a/c. Learn about tools and forex kits as pip, leverage, st, tp etc. Impatience mind will not help u. U can read reviews & other trader's discussions on trade. It is helpful.
When you have to enter in the forex market you must have to know about the tools that you will be need for the forex trading you must have to familarise with these tools so that when you trade on the real account you will not get any difficulty in your trading.Quote:
Originally Posted by Shirin