Forex trading requirement must know all!!

after surviving almost 3 years i can say Forex is not so easy if we have small amount of capital ..all we need a good amount first and then we need clear strategy and money management ..all this can possible when we are being so much experience in this field and lots of practice and motivation we actually need

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Originally Posted by sumonmia0526

after surviving almost 3 years i can say Forex is not so easy if we have small amount of capital ..all we need a good amount first and then we need clear strategy and money management ..all this can possible when we are being so much experience in this field and lots of practice and motivation we actually need

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In forex trading, I think we should know a lot about the world economy that affect the price movement of goods, due to the number and interrelationships of trade between countries lead to trade currencies move dynamically, but most importantly we need to know the pattern of movement patterns, and the capital the more the better but that does not guarantee success in forex trading

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Originally Posted by awaccoo

In forex trading, I think we should know a lot about the world economy that affect the price movement of goods, due to the number and interrelationships of trade between countries lead to trade currencies move dynamically, but most importantly we need to know the pattern of movement patterns, and the capital the more the better but that does not guarantee success in forex trading

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I agree that the forex circuitry you need to know about the world economy to do a market analysis so that we can find our trade will be successful in this business because most of this trade is influenced by factors of economic conditions that occurred

It's better if we want to play forex trading, before we have learned and practiced. That way we will improve the skills of analysis and our trading skills. If we knew all the time it will feel easy forex trading.

thanks a lot for the post. you have touched upon an area where most people overlook. you are very true a stable internet connection and a good power supply is essential for forex trading as it is a continuous on going process. thanks again for your eye opening post. its very useful.

Many things you need to learn all of the foreign exchange and analyze the price movements in the currency pair to live, has to be able to guess correctly. We all know this and act accordingly and I feel that takes care of the rest.

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Originally Posted by syedraza

Many things you need to learn all of the foreign exchange and analyze the price movements in the currency pair to live, has to be able to guess correctly. We all know this and act accordingly and I feel that takes care of the rest.

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That's forex trading. even if you are trying to analyze it correctly, the result would not be entirely true. because, forex market is influenced by many factors and interests. most important, is how we can maximize profit and minimize loss.

Analysis can give trader good confident for trading. Trader can trader with good analysis and they have good chance to win. For new trader trader should need good education good practice and know how to control themselves.

actually if you only do a manual trading with a pending order strategy that have SL and TP, the low connection internet will still do it. It's another story if you're strategy is using scalping or breakout strategy, of course it will need a fast internet connection. what i meant here was, that fast ineternet connection is not a MUST for every traders. they can adjust according to their strategy.

forex trading requirement must know all. if you want to be a good trader you should take a good money management. a good money management is essential for trading. knowledge about world market is need for tradind and proper invest, if you follow all of the rules you become a good trader and successfully trade hear.