Legendkid Posted January 22, 2011 Posted January 22, 2011 @mowna you are correct.you're just naming the basic knowledge every newbie and every one who is expecting to be a successful trader in forex should know. We need some information,some tips,knowledge and advice couple with experience to trade forex successfully. Quote
boniez Posted January 23, 2011 Posted January 23, 2011 it takes a long time to understand forex correctly, there are even till for many years they could become an expert trader. and this is actually far from what I think if the forex is an easy business Quote
mahmoudelnemr Posted January 23, 2011 Posted January 23, 2011 Fact, I think that the field of forex disadvantages over its advantages, It also needs a lot of experience, and follow-up events, and in spite of that, you can lose very easily, and if profitable, it is weak in many times. Quote
djfritz Posted January 27, 2011 Posted January 27, 2011 Fact, I think that the field of forex disadvantages over its advantages, It also needs a lot of experience, and follow-up events, and in spite of that, you can lose very easily, and if profitable, it is weak in many times. Â Agree! that's why I don't focus on forex these days I better wait for the pair to go the highest high and lowest low, let say EU if it reached 1.29xx I buy long positions and wait the pair to fly. Quote
silenteyes Posted February 13, 2011 Posted February 13, 2011 I have started my forex career 3 months back but I am not taking it to practical level. It is just early days for me to trade in real market but what I have done good is to have good amount of knowledge about forex. I am not finished yet and learning new things to be better in future. Quote
mownabratadey Posted February 13, 2011 Posted February 13, 2011 I am working with Foreign exchange trading from just 2 months, that's why I can't afford to go for big amount or leverages.. I prefer to go for small buck & mini/Lite account of min. 1$.. I am earning 0.05-0.5 daily from my spending amount of 10$.. it's about safe playing.. Quote
avir0ckerx Posted February 13, 2011 Posted February 13, 2011 it has been almost a year since i have been trading in the forex ( foreign exchange) market it has been quite a good experience for me and i have learnt loads of things. Quote
indieover Posted February 14, 2011 Posted February 14, 2011 i think i have been trading for two months. but i was not able to practice daily. so i still need to learn a lot and spend more time again in demo trading for me to learn forex well. Quote
sirwilly Posted February 15, 2011 Posted February 15, 2011 Interesting, Indie...that's really good. I remember when you were still very fretty about trading and didn't even want to post on forums...well as you can see Forex is no nearly as hard as it is made out to appear. Quote
djfritz Posted February 16, 2011 Posted February 16, 2011 I come up with the conclusion that one should study forex diligently before indulging in trading, before I don't believe in such as long as I have someone who will give me a signal then why hurt myself too much in studies, but eventually I learn to appreciate proper knowledge with it before jumping in such. Now I am back to the beginner's lesson so that I will have a wider view in trading and don't depend so much in free signals. I'm trading for months now but I won't count that as an experience. Quote
sirwilly Posted February 16, 2011 Posted February 16, 2011 Sure, if one rushes into Forex in haste, then they will have all their leisure to repent of the decision. Forex should be carefully studied and demo-practiced before the trader is qualified to try a real account. Quote
djfritz Posted February 18, 2011 Posted February 18, 2011 In my case I studied and at the same time I played the live trading, I remember I only tried the demo once then I rushed to the real trade, at first my money is growing but eventually I loss it all. I really wanted to make this one as my long term income provider that's why I need to stop for awhile and learn some more indicators. Quote
standart Posted February 19, 2011 Posted February 19, 2011 only a month I practice with demo account and then I continue practice and learn with live account but sometimes, I am still use demo account to test trading system. the benefit practice with live account is there are so many problem arise than practice with demo account. Quote
sirwilly Posted February 19, 2011 Posted February 19, 2011 We often still fall back on our demo account especially when we want to try a new trading strategy which outcome we could not be sure of if we tried it on our live account. Quote
hexeduser Posted February 20, 2011 Posted February 20, 2011 I haven't done any trade as of yet. I'm just a lurker and a reader for now so as to prepare myself in the worst possible scenario and that is losing money Quote
sirwilly Posted February 20, 2011 Posted February 20, 2011 I'm sure that will help. Armed with knowledge, you will be strong in Forex trading, but without knowledge the new trader will merely feed the market with his deposit for other traders to make profits. Quote
boniez Posted February 22, 2011 Posted February 22, 2011 the important thing is how much experience we get from our trading results, I'm sure even if someone already familiar with forex for a long time but rarely practice it is more difficult than that experienced trader altough with short of time Quote
Nikhil Posted February 26, 2011 Posted February 26, 2011 I also think to know forex its better to continue and it give more knowledge and experience and no doubt this two thing help us more in forex . if we read any ebook and forum post about forex trading and some comment how to make money in forex but its only understandable how hard trade in forex when market go against us and only experience prevent us from huge loss which i learning each day from my each trade. Quote
indieover Posted February 26, 2011 Posted February 26, 2011 yes it is really difficult to trade in forex specially if you are still new. it takes many months or years before you can be successful in trading. so this is not actually quick rich scheme. Quote
andry777 Posted March 1, 2011 Posted March 1, 2011 @indieover I am agree with you. Forex is not instant making money program, there is no one who could take many profits from forex in short time. They must learn and train how to trade well in forex and also they needed to know pairs which they used to trade. For people who wanted to be successful traders, I believed that will need more than 2 years. Quote
Legendkid Posted March 7, 2011 Posted March 7, 2011 People always thought that forex brings in so much profit,because they're hearing it from the mouth of those that have been trading forex for the past 5years and above.I think one the best ways around forex is to have patience and learn the skill. Quote
wasi90lkv1 Posted March 8, 2011 Posted March 8, 2011 i traded many months ago, i think i deposited a very small amount (less than $10). i can not exactly remember when was the first time i tried forex trading. i had very little clue about forex trading back then. still i do not know a lot, i need to learn a lot before i can do forex trading. Quote
boniez Posted March 12, 2011 Posted March 12, 2011 I was almost a year, know the forex and wrestle in it, but I'm very annoyed because even though now I've been able consistently to profit, but there are always external factors that inhibit Quote
andry777 Posted March 21, 2011 Posted March 21, 2011 @Boniez Wow that was great if you have been 1 year in forex market. You have good enough of experiences in forex there. I am sure you have found good strategy to be used in forex market right? Quote
chuna1985 Posted March 24, 2011 Posted March 24, 2011 It is important to note that the amount of time that you spend in forex trading does not guarantee success or massive profits. Learning speed, level of seriousness differs from trader to trader. A trader might get to the top in two years, and some will get there in 5 years, it mainly depends on dedication Quote
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