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  • 2 weeks later...
Posted

The trader should first figure out his personality and then decide which type of trading suits them, either they can do scalping or long term ttrading it depends on the traders personality.

  • 3 weeks later...
Posted

There is no best time in becoming a trader. If you are confident and ready to take risks, start trading, but it is better to start off with basic knowledge about forex and its functions.

Posted

Its depend on trader that if they open long term trade then trader need to select H1 and H4 time frame and if trader need to open short term trade then trader need to set 1 min & 5min time frame for trader.It is important that when trader open trade with analysis and strategy bases then their time frame working perfectly otherwise just one the base of ideas that trader never get good result from time frame.

  • 2 weeks later...
Posted

Each trader uses a different style. In order to use the scalping style properly, you should use a smaller time-frame, such as M5 or M15. The intermediate time-frame, such as H1 or H4, can be used for intraday trading. Swing traders can use the large time-frame, D1 or weekly, for their trading.

Posted

How to select a reliable forex broker, and what are the main criteria should I look for in a broker before deciding to trade with it?

Is there any best time for a person to become a trader in forex, and how can beginners know when is the best time to invest in forex?

  • 2 weeks later...
  • 2 weeks later...
Posted
On 9/18/2021 at 1:14 PM, Vaabum said:

This has no time frame. In fact, you just need to be ready for this and work on yourself.

We need to make use of such Time Frames that are easy to understand and use in doing our trading.

Posted

From my own experience, I can say that you can become a trader even now. For example, when I started working with a broker from ExpertOption, I used the demo mode for training.

Posted

The best time to become a trader is after you have gained enough knowledge about forex trading and feel confident to take risks and accept losses during the initial stages.

Posted
On 10/8/2021 at 10:04 PM, Vaabum said:

The best option to become a trader is when a person has the time to devote enough time to learning. This is the best scenario for me.

We can start learning about the Forex markets with the help of a Balanced Trading Plan.

Posted
On 10/13/2021 at 10:23 PM, Vaabum said:

In general, I believe that you can become a trader at any time. The main thing in this is the desire of the trader himself to learn and achieve results.

We can become more Profitable traders with the help of a Planned Trading System.

  • 2 weeks later...
Posted
2 hours ago, Vaabum said:

As for me, it's never too late to become a trader. It would be great to do it as quickly as possible. But, training is still worth paying attention to.

If we are looking to become Expert traders in this business we will need to use such types of Trading systems that are more reliable.

Posted
On 7/29/2021 at 11:34 AM, ThomasFernandez said:

When is the best time to become a trader, or when can a trader start live trading?

I don't think there is a "best time" for it - it depends on you. You should start live trading after you have learnt the basics of trading and you are good enough to make consistent "profits" on a demo account. Just be careful when switching from demo to live because it can be a bit more difficult.

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