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As you are forex mastermind you can't invest a greatest amount of assets and don't be greedy that if you outfit writer then you can competent to make walloping assets of vantage. The earn in forex trading is depend upon how you exchange , so its outdo to adorn inferior become in starting , so that if speculate you suffered a amount you will not gonna inexact your big assets of character.
This is what most of the beginners fall for.. In their first age of forex they try to earn profits from their trading.. they dont concentrate on learning.. this is why they are facing with losing that much everyday... Forex is not something where you can join and start making big bucks.. it needs time to master this business.. they should only consider to trade in demo accounts only..
I believe that If you learn all of the characters of the markets,that you will find that all the pairs have the potential to makes the profit. So, when the demo account you should have found some alternatives pairs that match yours the trading strategyies !!
yeah,, If you good at demo trading and wiiling to trade in living account, i think you should invest in 2 pairs, EUR/USD and GBP/USD. i think these pairs are best for trading because they are always in big movement.
EURUSD currency has become a favorite for beginner traders, a lot of suitable strategies for trading the currency, as it may be a good movement so that it can fit with many existing trading strategies. I also often use the trading currency, although the strategy is very simple but often profit as well, so the currency mainstay for continuous trading.
maybe you can use scalping, destination entry and exit the market in just a very short time and only take a few pips. Say targets only 2-10 pips only per transaction. Although only take a few pips, setrategi is very profitable even when accompanied with good money management and discipline always. Oh yeah, usually scalping method using lots (size) is large, so called extreme..
best for beginners not to invest substantial funds in advance because certain to run out. but not too small as well as for capital security deposit should be for beginners only about 10% by using a lot to trade at 0.01
the best for the newbie is to trade with cent account.since they may loose it then at least it must be small amount so that they can still have reserved money to trade next time.l did the big mistake from starting and l have lost very huge amounts.it is really gambling to invest big amount if you are still not professional.
I agree with you, it is more suitable for beginners to use cent account, because the account could a beginner cent with a small capital investment. because I'm sure every beginner in the learning process berdaganga, would be a lot of experience which will make mistakes in their trading losses. Therefore it is better to invest a small amount, so when I have suffered the loss will not be a big loss.Quote:
Originally Posted by rebate lover
The first step in any financial plan, according to many financial advisers, is to enroll in your plan,