smithlover84 Posted January 11, 2011 Share Posted January 11, 2011 Forex or the foreign exchange market is the place where the purchase and sale of foreign currencies take place. The transactions are done by individuals as well as companies as per the prevailing market rates. And there is no third party interference in this trade. Dealings are done directly between the two parties concerned. Therefore, it is referred to as "over-the-counter system". The system is decentralized, which means that it can be operated from anywhere in the world. There are many forex trading guides available, which will be of immense use to those who are unversed in this field. By and large, forex is used to purchase actual international currencies. Forex has several advantages like the use of leverage and long trading hours around the world because of the different time zones. It is very important to go through forex trading guides before you make an investment, in order to avoid possible losses. Let us consider some useful tips. Know the Market Well The main point emphasized by most forex trading guides is to get to know the market well. Before you put your first foot forward, it is very important to familiarize yourself with the terms, conditions and the nature of the forex market. You should know when the market is active and when it becomes dull. More knowledge is in no way going to harm you. You could at least minimize losses if not maximize profits. So equip yourself with knowledge before you start your foray into forex gather as much information as possible about the market. This can keep you and your company on the safe side. Try to read as many forex trading guides as possible. And also do some dummy runs. If possible, take up a professional course on the subject. Take Up Lessons In addition to reading forex trading guides, it is good to take up a course on the topic. Taking up a course will help you in gaining in-depth knowledge about the fundamentals of the system and also its functions. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 21, 2011 Share Posted February 21, 2011 I especially prefer guides which address major reasons why tarders lose and proffer solutions. There are a lot of them on the internet: the so-called hot tips in Forex trading. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 1, 2011 Share Posted March 1, 2011 I am not agree with you. I prefer to use guide from some sources and then I will learn it by myself about that. So our guide could guide us to success but it will need our training to make it happen. We couldn't success in trading if we didn't make some training in there. Quote Link to comment Share on other sites More sharing options...
bloger90 Posted April 9, 2011 Share Posted April 9, 2011 I think best source and guide is to share each other experience in trading. And learn from others mistakes and success. Best source is to be a part of a trading community. Quote Link to comment Share on other sites More sharing options...
purplegl Posted September 9, 2011 Share Posted September 9, 2011 For me, there are many forex trading guides can be found in forex trading books & also internet as well, such as ebooks & video tutorials, but most importantly traders should do some training by using demo account before jumping into the real forex trading. Quote Link to comment Share on other sites More sharing options...
wasi90lkv1 Posted September 22, 2011 Share Posted September 22, 2011 it is very important for a forex trader to always keep learning. if you are novice forex trader, it is not a bad idea to get a mentor who can guide you. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 22, 2011 Share Posted September 22, 2011 For me, there are many forex trading guides can be found in forex trading books & also internet as well, such as ebooks & video tutorials, but most importantly traders should do some training by using demo account before jumping into the real forex trading. Several trading guides are available not only all over the internet but also offline at your local book shop. All you have to do is read and learn as many guides as possible to develop a basic knowledge regarding what Forex really is. This is the most important activity before one can start to trade. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 23, 2011 Share Posted September 23, 2011 I agree going thru the guides available will certainly help to enhance the trading style and in winning more trades. Guides are written after enough research and experts have shared their views in those. There is nothing wrong in following experts and not only they can help us making better strategies and helping in understanding charts and techicals but also they instruct about do's and dont't about forex trading. Quote Link to comment Share on other sites More sharing options...
budado Posted November 30, 2011 Share Posted November 30, 2011 I agree going thru the guides available will certainly help to enhance the trading style and in winning more trades. Guides are written after enough research and experts have shared their views in those. There is nothing wrong in following experts and not only they can help us making better strategies and helping in understanding charts and techicals but also they instruct about do's and dont't about forex trading. You can also try to adopt their strategy if you like it or you think its a good strategy. Right now the best way to trade in forex is through patience. Because if your not patient you end up losing your money in few days. No matter what you do unless your a master day trader. But if you really want to earn in forex you need to have along term goal. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 How to Forex Advisors The Forex market is easy to find the guide you in because the forex profit in itself a man who wants a flexible and looking to learn new Quote Link to comment Share on other sites More sharing options...
budado Posted January 5, 2012 Share Posted January 5, 2012 How to Forex Advisors The Forex market is easy to find the guide you in because the forex profit in itself a man who wants a flexible and looking to learn new Its seems you just copy and paste this post from some place. lols. I think its better you read the rules of DMT. Anyway I do agree that trading guide is important. But theirs something that a trading guide can't help you. And that is mental toughness. Believe me. The stress in forex trading is just too great to handle. In fact Even if I trade for six years now I still have hard time coping when I have a bad day trade. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 13, 2012 Share Posted January 13, 2012 In addition to reading forex trading guides, it is good to take up a course on the topic. Taking up a course will help you in gaining in-depth knowledge about the fundamentals of the system and also its functions. It is a good move if a beginner trader will avail the services of a seasoned trader to teach him/her the ins and outs of forex trading. If you have the money, why not invest in getting a tutor. The problem is when you do not have enough money to pay for these tutors. Quote Link to comment Share on other sites More sharing options...
ermaniso2011 Posted January 21, 2012 Share Posted January 21, 2012 traders need a good mindset for the trading,we have to accept that forex cant be traded with luck .it is one of the most serious business in the world.as long as our target is to gain some and keep it forward we will be winnerside.the common rules have to be followed always.built your capital and skills together slowly. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 Yes@andry 777,lerning from a reliable source is the key then apply your own srategy to that always lead to suces and this can not be easyly forgoten because the plan will live with you forever. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 4, 2012 Share Posted February 4, 2012 Taking up a course will help you in gaining in-depth knowledge about the fundamentals of the system and also its functions. This is a good advice. The only problem is that most training seminars are expensive. Maybe because these involve the teaching of a successful strategy. But this is not within reach of ordinary forex traders. Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 Some seminars are free and even some webinars are free as well. A trader has to locate the right source where a trading guide can come from because without this trading guide, the trader will find it very difficult to make it. Quote Link to comment Share on other sites More sharing options...
davils9 Posted May 26, 2013 Share Posted May 26, 2013 It is most important to learn more and more about forex. when you want to start your tread at the before you open a demo account and then complete your course and then open a real account for success in forex Quote Link to comment Share on other sites More sharing options...
budado Posted June 6, 2013 Share Posted June 6, 2013 I don't think I can be guided to success. But one thing I'm sure if I keep on trading right now I'm sure in two to three years time I can have 10,000 dollars trading capital. This is what I want to achieve right now. I do hope that I can constantly earn in here so that I can sustain and maintain my account for good. Quote Link to comment Share on other sites More sharing options...
davils9 Posted June 10, 2013 Share Posted June 10, 2013 To be success in any where we need to a right guide. So we need a real guide to bring a success in our forex business. At first we make a plan then we start our trade. After learn more we can improve our knowledge and then we can start a right trade. Quote Link to comment Share on other sites More sharing options...
davils9 Posted June 11, 2013 Share Posted June 11, 2013 Make money from forex is easy and a man can make money form here. I think forex is a legal business. there are no man can make money from here. So he need to slowly increase his his knowledge then he can make more money from here. So I think it is a good opportunity. Quote Link to comment Share on other sites More sharing options...
davils9 Posted June 12, 2013 Share Posted June 12, 2013 It is true that a trading guide can guide a new trader, for bring his success. So we should when we can go to start our trade we learn more and follow the trading guide before it. So it will be better for me and we will be happy in forex market. We know that forex is also a risky so we need to follow the guide. Quote Link to comment Share on other sites More sharing options...
gaban Posted August 16, 2013 Share Posted August 16, 2013 Of course, forex trading is risky. Trading guide is useful for trader, that why, we should follow it and we also must discipline when trading so the risk will be minimized and we can get maximal profit here. Quote Link to comment Share on other sites More sharing options...
Redoy94 Posted August 26, 2013 Share Posted August 26, 2013 Yes the trading guide can help to learn the market.The guide is very important for to learn the market.If you are getting good guide for your trading then you learn good. Quote Link to comment Share on other sites More sharing options...
Redoy94 Posted August 28, 2013 Share Posted August 28, 2013 Trading guide is very important for all trader.If you take a guide for learning the forex trading then i think that you get good result from your trading.So the gude is very important. Quote Link to comment Share on other sites More sharing options...
budado Posted August 30, 2013 Share Posted August 30, 2013 As long we know how to trade its really good to keep on trading. Who knows in two to three years time we all are rich because of forex trading. I know many don't like to loss money in forex so we really need to follow our trading guide when we are trading to make sure that we can focus on earning and not just try to do some lucky trade. Quote Link to comment Share on other sites More sharing options...
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