What to do before trading ?

[astrajingga]

I think every trader does the same thing before entering his business. But what must be considered here is to do a good analysis. Don't expect anything from the market but the market decides what it does and where it goes. This is all analysis on the well and learn as much as possible. There is a verb "fast with farming and selective with business". The more you study and practice, the more you will mature to decide what to do. Many mentors say it's better to start with a demo account and virtual currency before using real money. It can help a lot to have knowledge of the trading market and their behavior. Some mentor suggestions to follow mentors who are currently active in this market and make decent profits. It is an individual obstacle to choose the approach to starting work.

[kawah]

Investigate before investing ... this must be the mantra of every trader ... most traders lose money in every market because they don't really investigate the market well enough ... most traders try to test their luck ... like gamblers ... but without knowing the ins and outs of the market how can people hope to make money?
and at first I will analyze market movements. So I will take good steps to trade. I will complete my strategy and technical or fundamental basis. Because I know if the trader trades without a plan, he will lose. So this is more need to take this step.

[khumar90]

Before trading, it is important to gather fundamental news from various sources and also place different indicators to understand market movements. After analyzing the news and movement of indicators, traders can place orders with more confidence. and before trading, always analyze the market and always calculate the value of your pip, counting your riks. always remember that if you cannot withstand losses, you will never be able to profit and will be called a margin.

fundamental and technical analysis is really important before start to trading. and i would like to add is 'psychology trading', when you open your position, you must be aware to accept the risk of your position, whether is profit or not. and you must have more than 3 steps ahead, if the result of your position isn't good.

[magic]

Before trading, it is important to gather fundamental news from various sources and also place different indicators to understand market movements. After analyzing the news and movement of indicators, traders can place orders with more confidence. and before trading, always analyze the market and always calculate the value of your pip, counting your riks. always remember that if you cannot withstand losses, you will never be able to profit and will be called a margin.

[tabib]

Yes, you are right about this topic because I also think that if a trader wants to trade in this market then he must know about this market then they can start trading with this partner because with a pair of various things including such as fundamentals positive things and negative from that country. and Before trading, we have to prepare everything related to the forex trading platform such as the need to install once on your computer after our metatrader platform installs a demo account on the platform and creates a new demo account after we start making transactions on the demo account first to correct really understand how to trade forex

[gagap]

Before trading, a trader must think more and understand market trends. He must carry out technical and fundamental analysis. He must observe market price movements for several times before trading so that he can find out about market movement trends. He must pay attention to trading volume. Sometimes traders use large lot sizes accidentally and lose their entire account. and if you cannot understand what you are investing, forget it. You must be engraved on the computer that you use to trade. If you don't understand the industry or how the company makes a profit; forget it and choose another

[rukiah]

Documents must be aware of any reason that normally a previously unprocessed currency trading is betting and people are bound to depend on this opportunity. I really think that in order to get tremendous finance from the home business, we focus our focus on the practice of this approach and do not eliminate this advantage which is assumed to be caused by many financial obligations. and I need to find useful information about the world market. Also note any serious political situation that will affect the market in the near future. I then run through my trading partner to see if there is a signal to trade.

[subadra]

Before starting any activity on Forex, it is very important to have a greater understanding of fundamentals and technical analysis because they are considered a great tool for starting business activities successfully. If you want to make a profit, you must have the knowledge and understanding of the techniques and skills of business activities. Otherwise, chances of success are rare. And you are absolutely right. It is very important that we invest our time before investing money. We must do an analysis before trading. We must analyze technical and fundamental analysis. Thank you for sharing your ideas about this.

[pancha]

right if we don't do an analysis, we can say we are betting because we do not know what to do if our position is wrong or not on target so I suggest before we make an agreement we must have a very thorough account analysis and prepare the analysis correctly . Making a money management plan that should not be forgotten is to prepare a strategy for what to do if you have a minus or the price moves against the order

[sangar]

I am sure that the important thing is usually to study areas originating from where tourism is ready to be made technical and not technical. If you are ready to offer your home. There are many Series that offer advice on making your own home more desirable to be a potential buyer. and Make a plan before trading, decide how much you can take to take the risk. What will be the entry and exit. The time frame you will use and most importantly, be firm to follow the rules, if you set the rule that one trade at one time or a maximum of two trades at a time, follow, don't let your emotions beat you because emotional traders will find it difficult to success in forex trading.