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if we want to make forex for a living then we need to have a good trading psychology. Forex is a business that has a high risk so as to be able to make forex for a living then we should have a good psychology and also have a good trading experience

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you must pass some trading process, to getting more experience. it must take quite a long time if you like to make trading as the main job. should be prepared all the thing nicely. with patience, certainly got the desired results

Trading with demo account is the right place for newbies to get some experiences withouh facing any risks. Improve it with learning some indicators and how to analize the price on the market so you will get yourself ready to trade in live account.

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Only if you want to make forex as your living then you must sacrifice bigger amount of money, i suggest $10000. That is too much for students but i think for someone who works for years maybe that is achievable, the amount you will get would cover most of your expenses or even more if you can trade effectively and efficiently.

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All would be useless if you don't have enough experience and skills to deal with forex. So what if you have big amount of money to start? Does it will give you any guarantee that you will earn constant earning say per month? that will be able to sustain your whole life for a month? Of course that is a big NO, skills and experiences are the most important to turn forex into a make a living job.

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  • 3 months later...

All would be useless if you don't have enough experience and skills to deal with forex. So what if you have big amount of money to start? Does it will give you any guarantee that you will earn constant earning say per month? that will be able to sustain your whole life for a month? Of course that is a big NO, skills and experiences are the most important to turn forex into a make a living job.

 

yes, experience and skills are important because by having a lot of experience that will make us able to manage capital well. We can enhance the experience with a demo account or to participate in the contest demo of brokers. we should have a good preparation if you want to make a forex for living

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yes, experience and skills are important because by having a lot of experience that will make us able to manage capital well. We can enhance the experience with a demo account or to participate in the contest demo of brokers. we should have a good preparation if you want to make a forex for living

 

Of course. On demo contest, we can use our trained trading skills to get the main prize of the contest. Also, it's a better place to gain more experience than in just demo account.

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In spite of having most powerful analyzing trade knowledge that’s not possible at all to make profit constancy without having a reliable support from a regulated trading broker. now, I am using armada market trading broker which is regulated platform and make sure with using demo contest to get a great result

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Unfortunately, the only way to leave it behind and never look back is to go through the "looking for something phase". But never forget that you should keep thinking good and learn from your mistakes or what you are doing right. One last thing is do not OVER LEVERAGE or BE UNDERCAPITALIZED (they are the same thing) also never in a rush when you trade just trade in the same amount and never spend more than what you can afford.

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We need to improve skills. Better will mean better result. Everything take process, including make ourskills be better. so, we need to improve and improve to make us be better. Experience, demo account are important to make our skills improved

 

 

Agree, demo account is a good place for newbies to learn some trading strategies and trading skills that will improve their trading quality to gain more profits when it comes to real trading.

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Okay it's already out of the topic. Make a living with forex needs some expertise also experience. If you don't have that i am sure your earning will be stagnant or worse you cannot make any profit. While demo account could help you but the real things which testing are you good or not is happening in real account.

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we should be able to prepare all the supporting factors trading well, so that the utilization of the service broker can put to good use, as long as we can control the emotions well, we'll get the desired result

 

Utilizing the broker's services can be an advantage itself to our trading performance. But we have to take a note here that we should be selective to some brokers that prohibits our trading system.

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In fact we are utilizing broker's service, right? Broker act as middle man and we trade through them which provide us the way to connect to the interbank. With broker's service we can trade like now, i don't know how we retail traders able to trade in foreign exchange so freely like this if all brokers don't have access to interbank, maybe all of them become dealing desk brokers.

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In fact we are utilizing broker's service, right? Broker act as middle man and we trade through them which provide us the way to connect to the interbank. With broker's service we can trade like now, i don't know how we retail traders able to trade in foreign exchange so freely like this if all brokers don't have access to interbank, maybe all of them become dealing desk brokers.

 

But be more careful since some brokers are act as a forex dealer which is a dealing desk broker that has their own interest in our trading.

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  • 2 weeks later...

Yes, thanks for the advice but i am sure that my broker which i am using right now doesn't have something like that. Basically make a living with forex involved something called analysis, that is what will give us the prediction which we are trying to impose at our trading so we can decide to sell or buy at that moment.

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Yes, thanks for the advice but i am sure that my broker which i am using right now doesn't have something like that. Basically make a living with forex involved something called analysis, that is what will give us the prediction which we are trying to impose at our trading so we can decide to sell or buy at that moment.

 

 

A routine analysis will always giving us a chance to make some good profits every time we doing it. Just make sure to handle the risks too.

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A routine analysis will always giving us a chance to make some good profits every time we doing it. Just make sure to handle the risks too.

 

Because of the dynamic price movement, we should analyze first before placing our trading order. Make sure to set your Stops too.

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Because of the dynamic price movement, we should analyze first before placing our trading order. Make sure to set your Stops too.

Yes of course as trader they must analyze the market because they will get profit from the trend that occur, and here as trader using technical analysis and might some another based on fundamental analysis, and might each trader having different strategy to catch profit and here if any trader already having good strategy and strong psychology hence it will help much to making profit
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Of course we must analyze the market, because that is the only way there is no other way. We all here cannot make much more money by close our own eyes and guess the market will move. If you want to make forex as source of income make sure you know how to handle the risk, because once you've done with it then it will disappear.

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  • 2 weeks later...

To make forex trading for living is not easy thing to do. As a trader, we need to more improve our trading skills. Use our trading experience to help us to be better trader

Forex for yesterday, now and later will always as risky business, but now forex already growth and different if compared with long years ago when only as hedge funds they can trading forex but now already many retail broker giving opportunity to making money with forex
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Forex for yesterday, now and later will always as risky business, but now forex already growth and different if compared with long years ago when only as hedge funds they can trading forex but now already many retail broker giving opportunity to making money with forex

 

Agree, the process itself didn't come with an instant result. It comes from few results that you can evaluate to improve your trading skills.

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