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Yes, I totally agree with you. Most of traders who lost their money because they are lack of information, knowlegde, dont' have enough experience and have too little time on practise demo account. So we need to learn alot and read alot to have information when trading forex. Good luck to you.
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i think we need that requirement like a fast PC and internet connection .without this trading is impossible .we saw several time that our screen or terminal is lagging during the lack of internet speed ..we should use at least 256kps line for getting continuous data ..and a faster pc without any virus infected is also mandatory .
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I think big traders also play an important role in forex.for eg if eur/usd is overbought it is difficult to predicate its direction and we have to wait a lot.Similarly there might be some loop holes by which they try to earn more.
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great thread. simlpy this is the basic knowledge
for all newbies. all the basic things you need to
start trading . before enter in real trading you
must need a good broker, a good knowledge
about money management, time and well mind. if
you enter with all this you will got the success.
Yes friend to get success in forex trading we need to have some tools and I they are as follows-
- A computer with internet connections
- An account
- Good trading strategy
- Good trading skill
I think if we can trade with proper analysis and forex discipline then we can make good money in forex trading.
Very nice and informative post brother..
Forex is an amazing source of earning money but it require lots of hard work and dedication..
If any one wants to enter in this market, he should fulfill all the basic need required by this market otherwise he will ends up in loosing all his money..
dear all member is main hamin forex k baray main tamam chezzon ka pata hona chhay is main humain ager is ki sab chzoon ka pata ho ga to is main hum nuqsan nai mil sakta hai is main hamain ziada say ziadad practice kar k is ki her cheez k baray main information hasil karni chahy ta k humm is main aik achay trader ban sakain.
The forex is more and more interesting and good money making way who can give us lot of money making opportunity that expert trader always earn the good money making here easily that can every trader will do it.
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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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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.
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