What is the best way for Forex dealing

[stanleygowan]

Hi,

Forex dealing has been around what is the best way to learn this

Thanks,
Stan

 

[UMOFX IB]

The best way of forex learning is to make practice much as you can . This will sharp you in many manners you can see what type of market , time and style suits you . You will face different situations confidently . As much you will be experienced , day by day your learning will be improved. You can make your own strategy to deal with market.

 

[PROPENSITY100]

Learning and trading Forex has become easier than it was ever in the past. There are several sites which offer free trading courses through which we can learn Forex. Also Forums like digitalcashpalace provide us a great platform to learn Forex trading.

 

[riddick09]

It's the forum discussions and other resources that what we have in DCP and other forums while learning the actual trading will be found more on our own learning in Forex. It will be the best if we will have spend time effectively while we are both learning and earning.

 

[Markllee30]

I think for new beginners in forex, beginner must update their knowledge and always try to get updated by forex news, market tends to avoid big risk in market.

 

[Daisy]

You can visit websites like babypips.com or dailyfx or forex.com or investopedia to learn the basics. Don't forget places like Youtube as there are plenty of videos on there from brokers and they are really good. You can watch live trades and demo so you get an ideal of how it all works together. You can also ask questions on there too. After that you can open a demo as you will need it in order to do well in a real account. Try a cent or mini account first before a high capital account.

 

[Bonyi]

I think for new beginners in forex, beginner must update their knowledge and always try to get updated by forex news, market tends to avoid big risk in market.

I agree with you. In forex trading, new traders or beginners should acquire knowledge first before even starting trading.

 

[seeker]

The best way to trade forex trading is first as a beginner we should have a good trading knowledge by reading about forex trading and also making practise with the demo account. Then after some months we can check tthe level of our knowledge with the cents account before the real account.

 

[gkintl]

Hard work and dedication is the best way to learn forex trading. There are no short cuts. It is one of the hard ways to make a lot of money. A trader should not only have a good strategy but also patience and mind control. Lacking any of these virtues would be detrimental to trading.

 

[Pettyeve]

The best way be dealing with the forex trading market is for the trader to know how to trade. When the trader is having the trading knowledge,he or she will know how to handle his or her trading so that he or she can be making profit.

 

[kasual]

The best way to deal with forex is accept the fact that this business risky. Traders have chance to get loss result and even losing all of money if they are have no proper knowledge and experience to conduct effective trading. When traders accept the risk as part of trading, they’ll start to be careful and manage the risk appropriately.

 

[tray]

Another great way to deal in the business is to ensure that you learn from the loss that is here in this business we know that there are alot of loss in this market so there is nothing to worry about the real thing is that you must follow the multitude and practice set good risk management and money magt as well

 

[rexway]

that is just one of the way to deal in forex trading ,you stand a good chance ane be sure that you learn from your loss,when you learn from your loss then you are building a lasting foundation for your future trade.
that is just what I think you must work hard and do proper analysis to safe trade

 

[Decub]

Everyone has his own best way of trading which works for him. There is no specific way that will make a trader successful If not by learning to trade and to develop their own strategy themselves. The truth to success in Forex lies in your own knowledge and your skills which you developed yourself.

 

[rexway]

Everyone has his own best way of trading which works for him. There is no specific way that will make a trader successful If not by learning to trade and to develop their own strategy themselves. The truth to success in Forex lies in your own knowledge and your skills which you developed yourself.

that is why its good if a trader can learn from the professional trader he will be able to deal with so many things and develop his strategy widely, each and everyone of us have fail in one way or the other
but your ability to deal with such circumstance

 

[UMOFX AIR]

I believe in persona; efforts to learn and trade in forex market.No one can teach you better until you do not interact market be self. Manual trading is best to deal with forex . Traders know market situations and its dealing day by day as they practice on it.

 

[sindarin]

The very easy and the est way to deal with forex is only by practicing it over and over again. You can practice by open an account, i advise to newbie for open a demo account where they can practice over and over again there until they mastered how to trade in forex or dealing in forex.

 

[Decub]

Risk management should be the most important thing when it comes to Forex and when it comes to trading with it. To make money here, the trader needs to understand the principles behind risk management as it is the only way we can protect our capital and make some good profit from Forex.

 

[jaason miller]

Money management in Forex trading is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy and discipline. Although money management is so important and critical, it is still very easy to follow.
Forex money management have several different aspects and stages and should be started from the very first stages of your live forex trading business which is opening your live trading account. We have a very simple rule that says “Never risk more than 2% of your money.” Most traders think that this rule should only be applied after having a live trading account and while they trade, but this is not true. This rule should be considered even when you want to open your live account. Lets say you have already practiced and demo traded enough and you feel confident enough to open your live account. And lets say you have a $20,000 saving. Would you open a $20,000 live account? Well, you can do that but what if you lose this money for any reason? For example your broker becomes bankrupt and closes the company and never pays your money back. Or you take a 20 lots position by mistake and you forget to set the stop loss. It goes against you for 100 pips and wipes out your account. You will not be able to start over, at least for a long time that you save some money. And this initial failure may have a bad impact on you and you may not think about forex trading anymore and you will lose the opportunity for good.

 

[robin.bob]

These are certainly important aspects of a successful trading. But it is also necessary to remember that all of them can be fully crossed by a dishonest broker like Teletrade that replace stream of quotations.