Forex trading requirement must know all!!

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Originally Posted by aptx4869

Agree, but to survive at forex is not easy. You must have anything to survive, good system and strategies, good money management, and good emotions control. Not easy to master all of that factor. Patience and dicipline is really needed. So, always remember you are in high gain business but your risk is more bigger than your change to get profit. Stay beware to anything.

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Wew.. Good advises! Thanks! Your resume already complete for us. :) Its true that we have to be very dicipline and stick to our rule to gain consitently success in this forex trading world. Considering that, we need much time to effort, study and practice, learn from experiences, etc. First of all, just focus to learn any needed aspect one by one, and dont even try to master it all in one instant time.

Your PC should be good and should support trading software with good amount of RAM and a good processor and should be a updated computer and of course you require a secure internet connection as well to do trading and executes faster and Instant trades.

In order to achieve good profits to be a good learning and the acquisition of knowledge and good experience and good training at the expense of demo

Trading requires we have a computer and a very good internet connection. These two to me are the most important in trading.

A good trader should know about all the tools of money management and how he can apply them to his trades and a trader who uses these tools wisely can make better and more profitable trades in this market.

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Originally Posted by roro mendut

there are many people who is afraid of risks. Some people didn't want to join in forex market because they are afraid to be cheated so their money has gone in forex.

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I was afraid of the risk in Forex at first but then I decided to learn well in the beginning and been training on the accounts and bonus demo account until the phrase in the trading capital of the company and then never large and never real trading

There people who are afarid of trading for a reason that they would be cheated of their money are those that would have problems controling their greed and emotions in trading.

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Originally Posted by Victoryindia

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

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I have a SuKam 1400 VA UPS with dual battery which gives me 18 hours of backup,
the only variable is the internet connection, so i trade smaller lots which can handle a wide swing if the connection ever breaks down

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.

i have a bad fate when i using a low internet connection. at the time i has trading and my position is affected by high news and i get floating minus to much. on the way i try to close the postion by manual because im forget to set my stoploss. the metatrader only show requote, requote and requote.. im so tired for it.