pray to the god
prepare ourselves to face many condition with some strategies and knowledge
always think positive that we can get the success in this business
discipline,patience and be careful is a must
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pray to the god
prepare ourselves to face many condition with some strategies and knowledge
always think positive that we can get the success in this business
discipline,patience and be careful is a must
Deciding to invest in the foreign monetary exchange markets is a big decision that requires you to do a lot of study, understanding new terminology and learning how to read and predict market indicators effectively.
i think that before start of trading, a newbie or a trader needs to learn well about forex and its rule....then he should try on demo and make a strategy for his real account and then he should make a complete money management plan for his trading and then can start trading...
a Forex trader have to get the accurate knowledge about trading.
*he has to learn first.
*Need concept about market position.
*he must know the price value of products and its quality and the demand at the same time.
*Needs patience and must motivated.
*Good Luck
Daily before starting trading we should spend 5 to 10 minutes and just think back what we have done yesterday to make profit/loss in our trading and is there any need to learn a lesson from them so that we can make today also profit and avoid loss.
Read all the e-books you can find about forex, Watch as many tutorials you can, Joined as many webinar you could find.. In a word Learn as much as you can then trade what you learn...
Money will come.. You should not worry about that.. If you have enough data inside of you only then you will be able to gauge the depth of this market..
It is very proper that a forex currency trader try their best learn all that is important in the forex like the concept of leverage. Leverage is unique and can make or break a trader. We traders of forex should try our best to gain adequate knowledge about it before we start trading.