hello, we have a long time trading forex but until this time we need strong way to make money without risk of management all traders have years of experience so can experience in forex teach us how to gain profit?
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hello, we have a long time trading forex but until this time we need strong way to make money without risk of management all traders have years of experience so can experience in forex teach us how to gain profit?
Better methods of trading in the Forex market in foreign currency requires a great deal of skill and knowledge. That trade for the first time you must learn the basic rules carefully. People who want to experiment with market forces more strongly and to enjoy the prospects of making profits, should reduce the level of risk in all transactions. Forex market offers the best means to reduce risk, such as the existence of a sophisticated system to do - stop loss, a unique application to take and give instructions profit
i think the most important thing to enhance our experiences is to learn from our losses and find solution from our mistakes finally we will make the profit we want beside we should learn to do right analysis .
i like this point it really true forex market offer the best mean to reduce the risk, the experience in forex teach us what is lead to lose and what is lead to profit because in many years of forex trading we have the chance to know all forex point the bad and the good.Quote:
Originally Posted by zher_albanfsij
I will tell you something very important that helped me in some ways, don't rely on others even if they are experienced traders, and don't trade with many indicators just two or three is fine.
As wee keep on trading in forex we keep on learning new things and we find different techniques to cut losses and so it is right that experience teach us the way to make more profits and cut losses.
It is a common misconception that forex trading strategies should be highly detailed and complicated to use. In fact, it is a lot more effective to have a trading strategy which is temperate to understand and simple to use. These types have been proven to work very well for many, many years. You may find that many people try to sell you Forex software to enable you to predict the market more accurately. There are mixed views on this kind of tool, but it is ultimately up to the individual trader to decide how they wish to approach the market. It is more important to have basic strategy that is proven to work to aid you in your desire to make some profit.
Quote:
Originally Posted by lode
if you want to make profit then when you are trading you have to act like a semirobot.so it means your data is your system or strategy and your comments are the rules of your strategy.force yourself not to break them.dont forget the worse strategy is better than no strategy at all.having discipline and following your rules can let you be a professional trader in future.
Yes i think through experience you can become a successful trader. When you trade in the market for some times you get the an clear picture of the market behavior. you will able identify market patterns and seasonal trends,etc More and more you are getting familiar about a currency you will able to identify the behavior about the currency. I think it is better you stick to one pair for some time and experience the behavior of that pair.
you have to learn by practicing and anyone cant tell how to make profit you have to practice on demo as forex is not so easy as most people think so have to learn from experiences and should gain profits by trading with good analysis