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Any tips to make Forex trading easier?

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

  1. Grinder

    Grinder

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    It is not an easier market at all as the market is decentralized. No one knows what is going to be happened in the market at the next moment. Things can get easier only with the passage of the time. So, you need to gain viable experience in this regard.
     
  2. lioneld

    lioneld

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    No doubt, experience plays an important role here! In addition, I have also noticed all of pro traders have such kind of long trading experience.
     
  3. LorrainMor

    LorrainMor

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    In the dream of making trading journey easier today many forex traders are making their trading voyage more complicated. The simple rules are: try to make investment within your limit that you can actually bear to lose in any case and try to remember your capacity to bear risks. Don’t try to working with random currency pairs and making investment in random methods. Thereby a systematic arrangement is must here.
     
  4. lioneld

    lioneld

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    Yes; knowing own limitation is a good practice! By the way; traders should follow the rules of money management in a proper manner! Otherwise, the result will be so costly!
     
  5. Pagaro

    Pagaro

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    Lorrain, thank you for mentioning this. I also am not sure really why some traders are making trading and especially market analysis extremely complicated. I was reading about some models that they are developing for market analysis, and same thing they can accomplish with simple support/resistance
     
  6. Lee Mark

    Lee Mark

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    Basically it depends! Maybe it’s complicated to you; but he/she is comfortable with this setup!
     
  7. The trader

    The trader

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    only we can learn when making a loss , and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.
     
  8. Faal

    Faal

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    learning good knowledge from at any good books cannot bring good result when trading if you don't have much practice in trading . learning with regular practice , its a real combination in this Stock market.
     
  9. lioneld

    lioneld

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    That’s true; I know many successful traders who are now enjoying their live trading; because they used their time in demo properly!
     
  10. lioneld

    lioneld

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    More than two? That’s really a great idea! Because; learning is a long term process here!
     
  11. Faal

    Faal

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    success always complicated issue at any sector even Forex trading but it can be achievable of course by means of real patience, otherwise there is no real chance.
     
  12. Herry piter

    Herry piter

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    The educated Forex trader can always lead a successful and comfortable trading life with certainly. And those who only need the short cut ways can never make good sum of money and will lost their way in trading. My reliable broker ForexOne always provides the best guideline and effective deals for their traders and that’s why now I can make good money. If you guys want to make your successful trading career join this broker and get new level of trading.
     
  13. Faal

    Faal

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    I think there is nothing which is risky as like Forex , because every second is uncertain in here , and despite of having most powerful analyzing trade knowledge that’s not possible at all to predict the real faction of this market place with certainly. But with more discipline it is possible to make profit with consistency from this market place.
     
  14. Andrew McCalam

    Andrew McCalam

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    we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session.
     
  15. lioneld

    lioneld

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    Correct; only taking online courses are valueless without demo practice! I think, traders need to judge their own trading skill according to the trades in demo.
     
  16. Andrew McCalam

    Andrew McCalam

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    without practicing demo account any learning approach can be useless. ave most powerful analyzing trading experience including money management , any time can be better for you
     
  17. Faal

    Faal

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    demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.
     
  18. Andrew McCalam

    Andrew McCalam

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    So many advisers are available in this community , most of them are found knowledgeable and some of them try to get attention especially from newcomers.
     
  19. Faal

    Faal

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    The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
     
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