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advantageous journey with forex

Discussion in 'General Trading Forum' started by LorrainMor, Jul 3, 2019.

  1. LorrainMor

    LorrainMor

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    Today forex is allowing maximum benefits by enabling traders easy entrée to any time in the market as per one’s convenience. Especially for the short term traders and scalpers who have a propensity to take position during short duration and make profit from smaller price fluctuations actually. However, not only for the short term trader, forex is providing facilities to work with long term trading approaches to ensure maximum profit here.
     
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  3. Fort Sumner

    Fort Sumner

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    Yes it's right
     
  4. Smash Fun

    Smash Fun

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    For every kind of trader, Forex is the important market for trading and earning money. Nothing is as easy but to improve our trading we have to be part of this survival business.
     
  5. radex78

    radex78

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    Indeed there are so many advantages of forex trading, this opened opportunity to make money from home, but forex also as risky business, first for novice trader they need to prepare themselves with good early preparation, practice in a demo account to finding suitable and profitable trading system
     
  6. Yorley

    Yorley

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    LorrinMore I agree with you. Great thing about Forex market is that you can trade it from literally any place which have Internet connection. It is most convenient market place among all other financial markets. In this way you can adjust trading time to your convenience
     
  7. Adowyn

    Adowyn

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    Long term trading approaches usually require a lot of money to be done to be accomplished so something like that can only be done right after that short goals like you described before that and that's really it. So you need to come trough this pass;)
     
  8. lioneld

    lioneld

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    You are right; this is why day trading is so popular! Even, long term trading is more challenging!
     
  9. Andrew McCalam

    Andrew McCalam

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    every trading system is a losing approach
    if you dont know how to manage risk when trading in practical.
     
  10. Kenneth T Gauthier

    Kenneth T Gauthier

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    I believe that short-term goals are more objective and can achieve greater results than long-term goals. Long-term more expensive and require a lot of time to achieve results.
     
  11. Andrew McCalam

    Andrew McCalam

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    Fx not Scam , the traders activity looks always scam, they take it as a Casino and try to bring more profit within very short time.
     
  12. MarvelPole

    MarvelPole

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    I actually dont think that you need to have high investment in order to stay long on this market. I am not sure if you would agree with me that only thing that you need is one profitable strategy on a long run and you will stay for a long time on this market with any invested capital
     
  13. lioneld

    lioneld

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    I think so; small trading balance isn’t any issue; if you are sincere enough on your trading and trading with a good trading skill; then everything is possible here!
     
  14. Andrew McCalam

    Andrew McCalam

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    it is more appropriate to go through the school minimum 2-3 times , but newcomer just finished school rapidly and kick off a live account. this is not good.
     
  15. The trader

    The trader

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    sometimes we try to confirm brokers real performance by using demo trading , but in practical lots of difference there is between demo and live on a broker.
     
  16. Faal

    Faal

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    generally we beginners like to trade in top Forex broker but i have seen according to my trading experience their trading environment is not appropriate for newcomers in particularly due to high deposit and fast trading spreads, so i think top level trading brokers should comfortable for newcomers by providing as usual facilities.
     
    Last edited: Aug 28, 2019
  17. Andrew McCalam

    Andrew McCalam

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    besides money management you also have to make sure most powerful analyzing trading strategies , otherwise good result will not come out at all.
     
  18. Faal

    Faal

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    generally we beginners like to trade in top Forex broker but i have seen according to my trading experience their trading environment is not appropriate for newcomers in particularly due to high deposit and fast trading spreads, so i think top level trading brokers should comfortable for newcomers by providing as usual facilities.
     
  19. Fx Master

    Fx Master

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    from here , there is no easy way to bring success within very short time in Fx, but in practical traders always try to get profit very rapidly with no learning. as a result mostly become loser.
     
  20. bolide

    bolide

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    Well, I find that it is true what you are saying FXMaster. I have no idea why it is so, but I have also seen several beginners who were so confident in their trading skills after only few days spent on demo account. Of course, they have entered real market too early and of course, made losses.
     
  21. Faal

    Faal

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    Sometimes i feel its really a complicated issue between demo and live especially when it the topic is , the important of demo account. generally i don't believe the importance of demo account but i passed a long time in here and took so many experience, but at the end of the day my demos experience worked not even 25% when i started live trading.