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Regulation of a broker is very important in forex trading and you can not be successful in forex if have not a good and reputed broker.

As a newbie always learn forex trading and you can only use robots later if you have good knowledge of forex market already.

Forex trading can make you rich if you invest a lot of money and have professional trading skills and knowledge. Otherwise, for a average retail trader ,it can be rocky highway to enormous losses and potential penury.

The main problem of novice traders in the forex market is not to engage in capital management and lack of skills and knowledge about how to trade through capital management in the forex market. And when we talk about capital management, we will focus on the lack of extreme greed that exists and to continue to trade without major losses. Capital management is the basis for trading with a steady plan and a clear plan. The daily movement of trade in the global financial markets continues, in which the risk is very large until the profit is high

Forex is an online business, we want to do hard work or work hard, but when we make a mistake, we make a loss, but we don't want to be too tense, but we can improve our mistakes. If we want to, we can make a loss or we can make a good profit and meet our needs.

Trading psychology is a huge part of trading and most people are not mentally prepared. When money is on the line, fear, greed, and other emotions make trading very hard. Make sure you understand the emotional aspects of trading and be prepared to control them before you risk your hard-earned money.

Demo is not the only way to learn Forex.. personal improvement, every day learning, practicing on mini accounts and communication on forums, exploring smith new.

The main problem for novice traders in the forex market is not to engage in capital management and lack of good knowledge in trading style through capital management in the forex market, and when we talk about capital management, we will talk about the lack of extreme greed that exists and continue to trade for a period without a major loss and be management Capital is the basis for trading and managing capital with a steady plan and a clear plan. This plan is very strong and the daily movement of trade in the global financial markets continues, in which the risk is very large until the profit is large

If you want make money on Forex you need to be trained

Factors specific to trading currencies can cause some traders to expect greater investment returns than the market can consistently offer, or to take more risk than they would when trading in other markets.

Forex scalping is a short-term trading strategy that aims to profit from small price movements in the forex market. Scalpers will buy and sell a foreign currency pair, only holding the position for a period of a few seconds or minutes.

Find a broker that allows you to trade position sizes that suits the size of your capital and risk management rules. ... Do not set your exit levels to how much you are willing to lose. ... Use limit orders to close out your trade. ... Only move your stop in the direction of your profit target.

Forex trading is all about our knowledge, experience, business skills, money management, and the most important thing that hard work can lift you to the glory of success in the forex.

Forex is a good business that can earn you a lot of money. Working sincerely will help you to become successful. Forex is not for rich people but for middle and poor class people, because they have plenty of time to devote to forex trading.

Foreign exchange trading is quite a risky business, you can make money and lose money at the same time. In order to make money with forex trading, you must learn how to trade based on expectations and subscribe to signals. If you are good at it, however, forex can be a profitable investment.

FX is one of the largest markets in the world. Traders in this market are aware of the high level of risk that is in the market, which can easily cause a trader to lose his capital if enough precaution is not taken by the trader. There is a belief that traders lose more money than they make in the forex market, but this is mainly true for novice traders and experienced traders who have been in the market for a long time. Successful traders practice the right way to trade.

people that actually make money consistently from forex market (are they highschool graduates, mba'ers, economy graduates, mathematicians, engineers, working in forex teams,?

Greed is a powerful enemy of profit. The forex market is highly profitable. We can earn a lot of money here. The majority of new traders cannot control their greediness and trade more and more for huge profits. We need to protect our capital and trade for money carefully without being greedy.

Newcomers to the foreign exchange market often treat Forex trading like a game of chance. Opening a trade in the right direction is not the same as placing a winning bet. By using his intuition, a trader can make a quick profit. The only thing that guarantees a steady income on the exchange is your own trading strategy.

It is an ideal home based business because no physical work in needed in this business. A trader only have to sit in front of his/her computer and analyse the market and put a trade on his/her free will which will result in profit or loss. So it more easy for the people to start this business while sitting in their home by investing some money only.

Often trading is considered to be simple or somewhat straightforward. But in truth there are a lot of intricacies associated with proper trading, and seasoned traders are fully aware of the importance of keeping an eye on their trading performance. While some traders keep a trading journal or a form of record to try to keep track of their trading performance, things could be much simpler by making use of the Fxmerge service. This site has rendered trading much more effective and considerably better thanks to the tools it offers. The site was not established long ago, but within a short period of time it managed to exceed traders and users’ expectations. The main goal behind Fxmerge was to offer the best possible support to traders. Since many have various trading accounts, it is not that easy to keep track of all trading activities, and logging in several times in different accounts is both time consuming and inefficient. Everybody is very busy, and time is so limited. Besides in trading timeliness and prompt action is of the essence – we all appreciate this! Thus, unless one is monitoring what is happening in the market, and watching how things are unfolding in his accounts, there is a good chance of acting rather late, or making inefficient decisions. Trading decisions can improve thanks to Fxmerge, and as many users explained, they noticed impressive improvements in their trading performance since they started using this service. The minds behind Fxmerge had one mission in mind when creating it – that of offering assistance and support to traders in a tangible manner. Rather then sticking to the traditional aspect of support, Fxmerge went a step ahead by creating this service for traders to gain access to clear statistics which are obtained from the trader’s accounts. Fxmerge works with both Metatrader 4 and Metatrader 5, which are both widely used by most forex traders. Upon registering for this free service, the user’s trading performance from the accounts gets downloaded and clear and accurate statistics are generated from it. Moreover, Fxmerge is a great site for traders who want to learn more about trading in general. The community section is a great place where users discuss various topics related to trading. And there is no denying that there are a myriad of other Free tools at users’ disposal on the Fxmerge site, including the Forex Manager, Forex Risk Tool, Outlook Indicator, Forex Trade Copier and the Forex News Indicator, among others. https://www.fxmerge.com

Fear and greed are common among traders, and they can be quite damaging if they are not managed properly. Often, fear is characterized by a reluctance to enter a trade or prematurely closing a winning trade. A trader who is greedy will add more capital to winning trades or over-leverage in order to profit from small movements in the market.

IG is Best overall broker, most trusted!

Buy-and-hold strategies in forex trading offer long term profit potential, as well as additional profit if the trade features a positive overnight interest rate trading.

Financial markets are often driven by fear and greed. This is an oversimplification, but fear and greed do play an important role in the psychology of trading. Understanding when to embrace or tame these emotions could mean the difference between a successful trade and a short-lived trading career.