Forex trading requirement must know all!!

[chirayu]

SL aur TP bahut hi zaruri tools hote haio forex trading ke
Inse aap apni deals ko limited zone ke andar block kar lete hai aur ise apka profit aur loss dono fix ho jate ai

[netra]

SL aur TP bahut hi zaruri tools hote haio forex trading ke
Inse aap apni deals ko limited zone ke andar block kar lete hai aur ise apka profit aur loss dono fix ho jate ai
Har experianced trader SL aur TP use karta hai aur dusro ko use karne ki salah bhi deta ha

[anubhavsingh]

trade means you are better now because you've got leptop and can monitor the movement of the market whenever and wherever you want, really?

jo bhi trader forex ko seriusly karte hai..wo apna maximum time forex ko dete hai kyunki yahi ek tarika hai jise aap is market ko control kar sakte ho
forex market me analysis aur studies ki sabse zada zarurat hoti hai..isklke liye forex ke smane rehna bahut zaruri hota hai

[waheedpcc]

I think a good trader must posses good knowledge and information. He/she should be a well disciplined and organized person having good analytical skills.

of course an trader mustly need to know that what`s are the basic of this market and who drive it, why it`s move so by knowing that he`ll get the knowledge and will try to make sure that what`s he`s trying to do in this market should be in profit.
not analytic skills are necessary there are fundamentals exists too,so also need to learn them

[sachin]

yes you are right,
with patient and willing to wait for the price in the right direction,
then half a victory already in your hands.

indeed must be patient when we do trade with makeshift facility just because it is a struggle against ourselves to nothingness

[rubigul]

learning is a very profitable process in trading so continue learn is most important feature in trading to improve your knowledge and experience for better trading, practice of demo is also more necessary to get profit in real trading.

[mayengbam]

The main thing that we all need to know and understand is that this is a very risky market and thus we have to start with a small capital until we are able to develop the ability to succeed.

Surely this will take the time and the knowledge but it will be a rewarding experience in the end. Also we have to think in the terms of the overall returns on investments.

Agree 100% with you, thats the way to begin and learn forex. little steps are needed before picking up the speed

[nsawork]

If any one wants to enter in this market, he should fulfill all the basic need required by this market otherwise he will ends up in loosing all his money..

The main thing that we all need to know and understand is that this is a very risky market and thus we have to start with a small capital until we are able to develop the ability to succeed.

Surely this will take the time and the knowledge but it will be a rewarding experience in the end. Also we have to think in the terms of the overall returns on investments.

[waheedpcc]

Slower internet connection is really a great problem for faster execution of trades. Sometimes it causes serious problem by placing orders much upper or down position then the expected one. It could make you miss a good opportunity to open position instantly. That's why I prefer a good and speedy connection for trading purposes. Maybe wifi or 3G could be a solution for this problem.

this is an technical term and an trader should need to solve it before the trading why not and then to make sure that orders execution speed is fast try to make order at demo and check out it
why not 3G is better but wifi signals are not always consistent so aviod it
also browsing speed should be high so you can get accurate or per seconds charts trend

[sanjeev]

Ever wonder why a lot of people still fail in forex though the great profit opportunities in it. This thread will do justice to this and ensure you do not fail anymore.
As much as forex is a lucrative job so also it requires some equipments tools and strategies. if you have decided to be a forex trader or still want to be one, you need a stable and good internet connection. this goes a long way in affecting your trades as if not executed on time due to poor network will result in a loss. you also need a computer with ram about 1Gb, processor speed of not less than 1.5 GH. Ensure your hard disk memory is about 35 to 40 percent free. a good and stable source of electricity for desktop computers, many developing countries are still lacking in the area of poor power supply and to be successful in forex you either get a laptop or a good power source. then comes the educative things you need to succeed in forex. search for educative articles and books that can teach you the psycho, strategies and skills of forex trading.so learning forex will be the good opportunities for u making money.

Forex is an amazing source of earning money but it require lots of hard work and dedication..
If any one wants to enter in this market, he should fulfill all the basic need required by this market otherwise he will ends up in loosing all his money..

It is important to have good money management in forex trading besides we must have good analysis too. Good analysis will give us planning to trade but good money management will limit our risk when our analysis was wrong because it is possible if our analysis was wrong, no matter how great we are