My daily trading experience.

Actually we r new trader, we dont understand the technical term, if anyone wants to help us, should explain all the terms in a easy language. Thank you...

my daily trading experience is , when i try to give any tread then i feel very depression i give tread or not if my
decision is correct then it gives me more money

Today, I am trying to trade with the EUR/USD, and I enter a sell trade. It is going down but I am not sure if it will continue so I close my trade with only 15 pips of profit. I am still learning and I hope to take another trade again.

get more information you could apply a lot more inside practical existence. In order to certainly be a effective speculator with this Fx then you definitely find out about Forex trading a whole lot, and in addition understand how to control some sort of income management and other.

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Originally Posted by forexmaster

yes every for-ex trading experience is a very important for for-ex traders and for-ex trading news and for-ex trading experience and for-ex market for you good and bad and how much money and you will earn for-ex market daily and how you will be a good for-ex trader and for-ex money management and for-ex risk management and etc

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Novice usually they are still trading on the based of feelings and emotion or follow other people's analysis that it is not necessarily true, they don't use a mature analysis based on knowledge as well as their capabilities, such as not applying risk management,we can take lot of experience here by learning from our mistakes. Also we have to build the strategy and we can improve it also

ya you are correct you cant learn the forex in one 1 min , 1day or in 1 month. you require continuous practice then only you will get experience and one day you will become the successful trader

Recommend for beginners in the forex to follow the economic news which has strong influence in the market and also advise using a stop loss because of their importance in trade

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Originally Posted by kiran

yes big lot can be fruitful and can be dangerous also ....its depend on how you use it ...if you dont have experience of how to use it then you will suffer loss by using big lots

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Well statement earning from direct trading is very difficult. What do you mean with direct trading here? In my view, forex is not easy way to earn money. We must learn how to make good analysis and how to follow our trading plan well.

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Originally Posted by kiran

yes big lot can be fruitful and can be dangerous also ....its depend on how you use it ...if you dont have experience of how to use it then you will suffer loss by using big lots

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Taking targets in pips reduces over trading. This is because you will see just the pips .I think in Forex things should be measured in PIPS as pips is the standard of measuring term in forex, In fact if we measured in pips then it would be more accurate to understand .

for me i can profit between 20 and 25 pips in a day but not all the time i can loss sometimes but it's a part of trader i think can not every one profit
in general profit it's bigg than loss