Levie

Demo is one of the best place to start learning all important details on how the market flows. Make sure that you have deeper understanding about forex.

I agree with you, demo is a place we first learn all about the work here in forex trading, so better take a serious time on it.

In my view forex is not like gambling however luck is also needed in forex trading but in gambling we entirely depend on our luck however in forex trading we have to use our skills, knowledge and control our emotions while doing it as well so I think forex trading is different from gambling.

Yea, leveraging is often a big problem when it is mishandled. A high leverage should only be undertaken when its potential risks to reward ratio is adjudged to be in favor of the rewards for the trader. Otherwise, we may merely be feeding the market with our funds.

Forex trading is a hardwork to be sincere what you need is that you must ensure that you work very hard in the forex market and get the best which you can from here this is one shifted gift that is very nice for us to obtain

In my view forex is not like gambling however luck is also needed in forex trading but in gambling we entirely depend on our luck however in forex trading we have to use our skills, knowledge and control our emotions while doing it as well so I think forex trading is different from gambling.

Create effective plans for you to make profit here in this kind of business, but make sure you have knowledge on how the market flow. learning will help you start with effective and profitable trading plans.

First of all you must know your trading strategy. If you going to trade long term or short term. For example I do trade long term and I do have 50 SL and 50 TP. But if I do short term then I guess I will just going to put 30 SL and 25 TP. In this way I can loss less. Since my earnings is less also. I'm really happy that some how I do end up making some profit in here.

Seems not that famous forex brokers. And for sure it will be easier and reliable if we just choose brokers already in the forex forums as well as been popular as we can see that it is easy in other brokers to contact as well as to use their forex platform.

This is two are best things to use for you to avoid difficulties. So both of these two must be learned by traders no matter what. Risk/Money management ratio is depend to trader but mostly not more than 5%. As for SL i think this is quite easy, because you just adjust it with your money management.

Lest include practice, Its also a factor for traders especially newbies. Its a place where they can practice their ability and strategy as a trader.

For us to become one of the successful traders of forex, start on the basic before you able to run good results here in forex trading. Knowledge is the first step on your journey to success here in this kind of business.

Forex is unpredictable, Anything might happen while you trade. So i think we don't have control on it, we just need to go with the flow and give your best shot.

Demo account are a great things to try Forex. However do we actually practice in demo account? While participating in demo contests our aim is to multiple our capital as fast as we can and, do planning and strategies have any place in it? Can we trade with real money in the way we trade in a demo contest? Obviously the answer to these questions is a big N so profits made in a demo account should not be used to estimate our skills and knowledge in Forex.

You must not rush being successful here in forex trading because it takes a long time for a trader to achieve it. Just do the best you can do and have patience on getting huge earning.

It is not easy to earn fast here in forex industry. But with dedication and patience are factors that you must have for you to reach success here in this kind of career.

Relating emotions while trading is a no-no for forex traders. You have to be firm in forex trading and in order to be successful in forex, you have to make intelligent decisions, not emotional decisions. If you let your emotions dictate you, then success in forex could be so far out from you.

Just they also ignored having preparations and management which are very important. For sure if they know it they can at least minimize the losses and not blown their trading account. We should already know that in forex mistake will mean most of the time losses in our trades. Although, its normal for new traders to have mistakes.

demo is the only place i know to practice. make time on it so if time comes for to open a live account, you already have an idea on how it works.

A beginner trader has no need of a robot. Indeed, he cannot even handle a robot. he is faced with understanding Forex orders, and with a robot he is compelled to give those orders--which he barely understands! In other words, robots are for experienced traders.

Totally important, i don't know if you think that is not important but Conceration in forex is really important and also it is one of the basic thing that each trader should have so they can reach more profits, there are many factual thing that we can look outside that mostly trades cannot make a good profit and make more loss when they are not concetrate with forex

Good thinking but have you also considered that if you had not placed the stop loss and the trade continued the pother way round, what do you think would have happened. I think that the markets sometimes act this way as you have experienced but it is better to trade with a stop loss than without it.

right, we must also take serious on demo account for us to ave knowledge how the market really works.

Leverage is double sword in forex. You cannot think that it is a profit increasing tool but it can go against you if you made a trade at wrong time. So you should be very careful while choosing leverage and must minimize the risk before doing trades.

we can make forex as the main job if we have a good ability in the trade and also has a very large amount of capital and that we should be able to have if you want to make forex as the main job, but if we still do not have the ability and the amount of capital great then we will only be able to make forex as extra work for us