So price action is another method used for trading where we monitor the price and its movement in the market rather than using market indicators. Wow this forex trading is a complex thing but thanks...
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So price action is another method used for trading where we monitor the price and its movement in the market rather than using market indicators. Wow this forex trading is a complex thing but thanks...
I didnt understand much about trend line except how that it only shows the trending of currencies in the market. Can someone explain it for me or link me where I can read and understand trend line...
Thanks for the post brother. I know what basket trading is now. I'll see how the pairs increase or decrease for a couple of days then I'll give it a try. But it seems a lot risky since you can lose a...
Wow thanks man, you really summed it up. I'm really new to this and I was looking for what kind of news or areas to work on. Now I know where to look for the ups and downs. Thanks a lot :)
It depends on the amount of capital you are investing. The greater the capital greater the profit and chance of loss. With small capital investment you make less but you lose less. Start with small...
I kind of agree with you on that. Successful traders will share their knowledge to help the newbies such as myself to some extent but they will keep the real deal to themselves and they are right in...
I think you can use forex trading as a main job.
You'll need to study a lot and invest your time in researching and studying forex trading process. Its risky but you can rely on it as your primary...
I'm new to trading so I prefer using mt4 for now. MT5 is new and I find it complex and hard to grasp at the moment.
MT4 is easier than MT4 and features are easy to use where as, MT5 is a little complex because its new and has a few more features. Stick to MT4 for now
I dont think forex has any end. You'll keep on doing it if you are making profit. However a big loss can sure end YOUR forex trading.
I believe there is no such thing as shortcut in becoming successful. You have to make mistakes and learn from those mistakes as you go. Observe and learn how ppl are trading. Then take baby steps...
Yes fear can be helpful sometimes. You should learn to trust your instincts. If you feel something is wrong and you might suffer a loss then it might be true. Fear is useful for the newbies like me.
Well Indian forex is my teacher for the forex trading. I believe internet is the best teacher in this modern age. My friend suggested me this forum and I found it really friendly and easy to learn.
Forums are the best way to learn anything in my opinion. They are many experienced people sharing their experiences and ideas, teaching different approaches that you can use. All you have to do is...
Yes you can make $50 daily if you really follow risk management and pay attention to the trends. It requires a lot of time investment, if you are willing. But with bigger amounts bigger risks are...
Really helpful post. I think the main reasons for loss in trading is lack of knowledge and lack of self confidence. If you have enough knowledge, you'll know how to and where to invest and how to...
You can start forex trading without investing real money by posting on this forum to earn bonus. You can then use that bonus to trade. Just like this forum. I believe there are other forums out there...
Yes, I totally agree with you there. You learn from mistakes. Do some research and study about forex trading, how it works and the risks involved in it. Start with small investments and see how it...
Yes forex trading can be a very difficult job for someone who does not have the basic knowledge of forex market and attitude towards forex trading. One has to have basic knowledge and should know how...
I agree that during festival times forex trading do not yield large profits because market growth is very loss, people are busy in other activities and banks are closed but there is surge in forex...
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