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Any tips to make Forex trading easier?

Discussion in 'General Trading Forum' started by davidjss, Apr 22, 2012.

  1. riddick09

    riddick09

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    Not totally follow their strategies but try to have here modification of the strategies or adaptation and therefore, you might be able to create your own and better one. We should definitely have reliable source of news that will have fast to have feeds on the Forex news.
     
  2. Daisy

    Daisy

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    Yes, one is to learn as much as you can as that is the building block of success in forex and read a lot of pro articles like on dailyfx so you can learn some more. Also, do as much practice as you can in a demo until you can learn to make most trades a profit then you're ready for the market but proceed slowly and use low capital in a real account to avoid large loss. And also use cent account to practice in a real live dealer market if you're too uncertain.
     
  3. Cutiekc

    Cutiekc

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    Well, there is no tips that can make it easy for us, we will need to do the business the normal way in the sense that we should first analyze the market before making orders or as a newbie we will have to learn th business and not seek for a more easier process because it odten leads to incurring lose.
     
  4. tray

    tray

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    To make forex easy for you then you must be sure that you can get along with proper learning and understanding.
    This are the things which maake up a go=d forex trader to be sincere here in this market so learning and practice count
     
  5. gkintl

    gkintl

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    The only tip that should always be remembered is that a beginner should never avoid using stop loss facility. It will protect the clients account for huge capital erosion and margin calls. Mind control and patience should be there as well. A reasonably good strategy coupled with points mentioned above will enable a beginner to become a professional.
     
  6. haneefzain

    haneefzain

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    First of all keep in mind forex is not an easy job..it is mentally tough job and requires lots of skills and updated information..If you have these thin forex will be quite easy for your but not completely..
     
  7. Daisy

    Daisy

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    If you're asking for the easy way out try Etoro, all you have to do is copy successful trader and make money. You never worry about your own analysis or losing cause there are some really astounding traders on there. This is the easiest way out. I like this method as well as I get really tired and lazy sometimes of the market so I like to copy trade. To make trading easy, just keep up with news as that will explain why you're losing sometimes cause it changes the market a lot. Also, use sl as that will protect you from bad trades.
     
  8. budado

    budado

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    Practice. this is the only way we can really master forex trading. Even though we will not going to make some good profit. I'm sure in the long run we can all end up making big income in here one after another. Lets just hope that we really can sustain our account without any problem.
     
  9. gkintl

    gkintl

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    I agree with your opinion that no tips or short cuts do work in the forex market. It is the ability to adjust to changing situations and willingness to learn that matters at last. Trading is all about following a simple set of rules. As long as a trader is willing to adhere, trading would remain a simple. Unfortunately, the forex market's volatility confuses even the best minds thereby resulting in errors. Only determination enables a trader to avoid such pit falls.
     
  10. budado

    budado

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    Tips do works in forex. This is how I do make some profit. I have lots of sources for the tips that I can us to make good earnings. In forex trading information is the key to success. I do like to see myself earning each time theirs a good tips coming and its really good feel to make some profit because of the tips given to me.
     
  11. Pettyeve

    Pettyeve

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    A tip I know that works too well is embrace forex. Take forex as though you are going to school and you need some time to pass out. It is not a business you come in today and start making profit immediately because that is the reason so many have been mislead. Take risk and money management as serious as trading itself. It is the pillars for which this foundation is built.
     
  12. Daisy

    Daisy

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    Easy comes with years of experiences or just go and copy good traders. I think there is no easy way out as easy is not good. Quick get rich program as just scams. You must do it the hard way and anything that is too easy carries a lot of doubts. I mean forex is too easy for me to learn so I don't see why anyone else who can't dedicate like a week or a month to learn and practice it. That is the easiest way out. Once you know you will never have to fear of losing like a gambler or ever had to worry about doubts in forex since you will be in control.
     
  13. Decub

    Decub

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    The tips that do work very well in Forex is that of risk and money management. It is the basis for which you trade and the reason you will continue. Other trading principles are ability to manage and control our emotions, remaining patient and having the right set of mind before we start trading.
     
  14. Daisy

    Daisy

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    Just grow your knowledge base, experiences and keep up to date with news and you will do well. I think news will help us predict the market a lot. The traders follow the news and they trade accordingly so we can get a good idea of how the cattle call will perform. Market behaviors should be well understood. IF you understand fundamental well, you can trade well. Understand the economic activities of both countries that you trade will help a lot.
     
  15. riddick09

    riddick09

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    Just have trading experience and continue on trading because, the traders will then able to make understand of the market and how they will analyze it through their skills in analysis. Also to have their strategy that will be profitable and suitable in their trading skills and trading plans.
     
  16. Daisy

    Daisy

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    I know, never trade when you're drunk, angry, or really in need of money cause you will do a lot of impulsive trades or erratic trades that turn out to be nothing but losing trades. Never trade when you're sleepy either cause you will go to sleep and then close off on losses. I think trade only when you feel good and ready to make profit. Also, always use sl to prevent high losses.
     
  17. budado

    budado

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    Practice is all what we need to make good income in forex trading. Its took me two years to make some good start in forex trading. As in earning about 200 dollars a month on average in the last three months. But I don't know if I can sustain and maintain my account with that much trading capital.
     
  18. budado

    budado

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    Its best if we know how to make some profit. I do recommend that we spend more time trading in demo account than in real account. I do believe I can handle my account without any problem. I'm so focus now on making some good income and become a millionaire.
     
  19. Decub

    Decub

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    Adding that it will be wise enough for you to trade when you have a clear mind and purpose will make you avoid so many bad and doubtful mind about Forex. It is wise enough to state that a trader is by far likely to trade better when he is in the right mood of mind than when he has so many things he is battling with.
     
  20. Daisy

    Daisy

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    I think as you gain more knowledge and experiences you will do better in forex and forex will become easier for you. I think forex will be a great source of income once you master it. Forex will become easier if you work hard at it daily to hone your skills but its easy enough. Forex is no rocket science, give yourself one year of trading and you can become a guru at it.
     
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