ellliottt Posted December 23, 2010 Share Posted December 23, 2010 Forex market is the world’s largest financial market, where millions of transactions take place everyday. Today all types of investors, whether big institution or individual trader can easily start profitable forex trading. Nevertheless, the important point to understand is that beginners in fx trading must have a forex active account, which is provided by forex trading broker, to start forex trading. Besides this, today many forex brokers offer forex demo account so that the beginners can also virtually learn the basic functionality of a real forex account. The fx demo or practice account holder can virtually deposit money in his or her account and may even enjoy forex trading without any fear of financial losses. With the help virtual money of domo account he or she can also buy and sell foreign currencies. Therefore before starting a trading in fx market it is advisable to open forex demo account to get the real experience in forex market and test your trading skills without any risk. When you gain the sufficient experience about fx trading through forex demo account, you may open a live trading account and do actual forex trading. 4 Quote Link to comment Share on other sites More sharing options...
wasi90lkv1 Posted January 7, 2011 Share Posted January 7, 2011 i think before you start to do forex trading, you should be members of some forex related forums and get tips from forex experts. you can also read forex related articles and probably buy forex related software. Quote Link to comment Share on other sites More sharing options...
mundi Posted January 11, 2011 Share Posted January 11, 2011 I think we should learn and practice a lot before joining the forex trading ... must be the best preparation for the results can be profitable Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 21, 2011 Share Posted February 21, 2011 For sure, it is expedient to learn Forex before live tarding. A sure way of doing this is by using a demo account. These are practice accounts that portray the real situations in the Forex market but at no cost to the trader. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 24, 2011 Share Posted September 24, 2011 The best way to start profitable trading in Forex is through learning Forex markets in-depth. There are thousands of forex articles available online to get a trader off to trading. Continuous practice is also an important step for your success in Forex. Quote Link to comment Share on other sites More sharing options...
LRdude Posted October 11, 2011 Share Posted October 11, 2011 Starting is easy...learning too.Newbies should read forums like this one,surf forex sites,watch some forex videos on youtube and learn the basics like reading and analyzing the charts,when to trade and how. Then you should play with the demo a few weeks and see how it works.But making real money is the hardest part..like in many things it all depends on luck.I think trend following is the best strategy for newbies...but its s slow way of making money. Quote Link to comment Share on other sites More sharing options...
purplegl Posted October 13, 2011 Share Posted October 13, 2011 Investors, especially forex newbies should have basic understanding of forex, such as doing some research on how to trade in forex through online or forex books & also practicing forex through demo account, because it is very useful for investors as well before they can gain profits in real forex trading. Quote Link to comment Share on other sites More sharing options...
budado Posted October 22, 2011 Share Posted October 22, 2011 Not only that we need forex forum but the same time we need to have forex account and trade using demo account and better yet real account and trade using bonuses funds. In this way you can try to study more strategy and same time earn enough knowledge and know how before trading actual/ real account. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 In order to begin to profit from the Forex market you first have to learn a good analysis of the technical and quality learning to manage money Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted January 8, 2012 Share Posted January 8, 2012 Study the market and learn from the experts, after enough knowledge start with a demo account and gradually lead the stairs Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 9, 2012 Share Posted January 9, 2012 Learn the basics first. If possible, have someone who is an expert when it comes to forex and knows lots of good strategies to teach you. Then put into practice what you have earned. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 10, 2012 Share Posted January 10, 2012 Yes, and also before you start you must also prepare yourself for the losses because a loss will comes first before the profit! Well, that is actually the case i haven't read anyone who made profit on the first trade. ^^, Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 13, 2012 Share Posted January 13, 2012 It would be great if you will have the chance to work under a seasoned forex trader. You will be able to know their attitudes and you might even be given information about their strategies. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 16, 2012 Share Posted January 16, 2012 Yes, it is sort of copying their trading styles and modify it so we can have our own strategies that will also give profit as what they did. Hmm. It is right that we need to learn their attitudes towards trading in forex as it is important to have it. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 16, 2012 Share Posted January 16, 2012 Is attitude can be learn? Anyway, It will only be profitable if you have the right knowlege, experience, and strategy. To be able to gain these things you should learn lots of things first. Never rush thing as it will not give you the adequate knowledge that a must to have to be able to earn a profit! Quote Link to comment Share on other sites More sharing options...
ermaniso2011 Posted January 21, 2012 Share Posted January 21, 2012 any person or lets say every trader has enough education for forex and have some strategies which are safe and have a trading plan with rules,can be succesful with forex.we have to be realistic always when we rae making money.l always advice to traders that when you have some earnings dont let it gone just transfer it into your other account and reserve it or just withdraw it.you will see you already have reserved capital for better opportunities. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 29, 2012 Share Posted January 29, 2012 Attitudes can be learned. Difficult but possible and important. As we have all been discussing in many threads and forums, we have to control emotions. And this is an attitude. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 1, 2012 Share Posted February 1, 2012 The other part of forex that people do tightup with which i dont know is the,aspect which people will want to take all the profit involve in forex for one day which normally result into a lot of loos,greed should be avoid in forex along side with plan followup. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 1, 2012 Share Posted February 1, 2012 The other part of forex that people do tightup with which i dont know is the,aspect which people will want to take all the profit involve in forex for one day which normally result into a lot of loos,greed should be avoid in forex along side with plan followup. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted February 2, 2012 Share Posted February 2, 2012 Yes, perhaps it can be learned but it can't be taught just your willingness to change your attitude. Anyway, it's true that it will be good if you know some forex trader in offline but it seems rare! I haven't across to any person in offline that doing a forex trading. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 I think trend should be our freind here,and as a newbie to begin profiting from forex one should folow his trading plan Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 4, 2012 Share Posted February 4, 2012 I think trend should be our freind here,and as a newbie to begin profiting from forex one should folow his trading plan Indeed, trend is the best friend of every trader. But how do you effectively follow the trend? It is very difficult to know where the trend is heading. But to some, I think, this easy. But for now, for most beginner traders, this will be a difficult task to make. Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 The secret to profitable forex trading is to invest time on the demo accounts to develop a consistent and profitable system. Adding this to a proper risk management technique, a trader will control risk effectively while maximizing profit potential. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted March 28, 2013 Share Posted March 28, 2013 To start trading Forex profitably a trader should make a good start in it. A good start requires well learning and practice using a demo account. Every beginner should trade using a demo account for at least 2 weeks before real trading. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted March 29, 2013 Share Posted March 29, 2013 Making Consistently Profit in Forex? Try this step : 1) Focus on trading, not just on making money 2) Learn that NOT trading is part of the game (Being out of a trade is a position) 3) Become organized and disciplined 4) Take a longer-term view of what “success” means 5) Develop a strict daily trading routine to develop positive trading habits Quote Link to comment Share on other sites More sharing options...
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