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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.
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when we are trading we need to have the good emotion control , we know that the forex is one of the risky business, if we are do not have the good emotion control it is possib le to let us got the big loss and then possible to let us got the failed here
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As beginners we cannot know all that is required in forex trading, but we traders can try our best to make sure that from time to time, we keep learning about forex and then become experts in it.
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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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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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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.
"
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when we are trading we need to have the good emotion control , we know that the forex is one of the risky business, if we are do not have the good emotion control it is possib le to let us got the big loss and then possible to let us got the failed here
"