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yes of course... i agree if forex is the most risky business than other business in this world... because forex is the most liquid market in this world... we can generate a lot of profit in a minute if we can... but we can to losing a lot of money in a minutes also... so, that is function of money management... we can manage our profit and limit our loss...
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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
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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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Every traders should know there limitations and trade accordingly without taking more risk than what they can afford in trading. We should learn to trade according to the money invested in the account trading skills we have to make correct entry and exit and take risk accordingly. If we get tempted from the other traders profit or the market temptations them for sure we will be under trouble.
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A moderate pace pc and a good dependable internet connection is very enough to begin Forex trading. There is actually no would like to have a super quick internet connection, however the Internet connection ought to be steady and dependable in all of the time with no kind of interruption otherwise we obtain re-quotes on crucial occasions.Quote:
Originally Posted by riya
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yes of course... i agree if forex is the most risky business than other business in this world... because forex is the most liquid market in this world... we can generate a lot of profit in a minute if we can... but we can to losing a lot of money in a minutes also... so, that is function of money management... we can manage our profit and limit our loss...
"
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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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