1. The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Need Forex Trading Tips

Discussion in 'General Trading Forum' started by alpari, Jan 18, 2016.

  1. lioneld

    lioneld

    Messages:
    1,374
    Likes Received:
    8
    It’s very common mistake by the new traders, but the reality is different; Forex is one of the most challenging profession and here is the success ratio is below 10%!!
     
  2. Fx Master

    Fx Master

    Messages:
    647
    Likes Received:
    8
    if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
     
  3. The trader

    The trader

    Messages:
    672
    Likes Received:
    6
    i would strongly advice any trader to consider the facts before attempting to trade binary options. There are literally almost ZERO brokers who are trustworthy in their binary offerings , and there is no reliable way to vet them in advance –similar to how trading Forex itself was 10 years ago.
     
  4. lioneld

    lioneld

    Messages:
    1,374
    Likes Received:
    8
    For me; successful trading means making consistent result in a long run! The return percentage doesn’t mean much; but again consistency is the key.
     
  5. Andrew McCalam

    Andrew McCalam

    Messages:
    658
    Likes Received:
    12
    without using practically its really difficult to recommend at any broker , because right now there are almost thousand online brokers and most of them are found to be scams.
     
  6. Randiall

    Randiall

    Messages:
    63
    Likes Received:
    0
    Learn how to manage your risk in trading.
    No matter what your trading strategy is, it is bound to run in a series of losing trades.
     
  7. Fx Master

    Fx Master

    Messages:
    647
    Likes Received:
    8
    In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
     
  8. Faal

    Faal

    Messages:
    779
    Likes Received:
    14
    beginners not willing to serious in demo , no emotions and real money in here for that , so they can participate in demo trading contest. its minimum better than as usual trading
     
  9. Fx Master

    Fx Master

    Messages:
    647
    Likes Received:
    8
    to be experienced about price action is a long term approach , for that reason we the traders most of time time lost interest after passing sometime.
     
  10. Nezami

    Nezami

    Messages:
    884
    Likes Received:
    17
    live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.
     
  11. Andrew McCalam

    Andrew McCalam

    Messages:
    658
    Likes Received:
    12
    Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
     
  12. lioneld

    lioneld

    Messages:
    1,374
    Likes Received:
    8
    Well, I have a fixed risk reward ratio in my trading! Right now I am trading with 2% risk reward ratio, yes I am comfortable with low risk reward ratio because it secures more my trading capital
     
  13. Andrew McCalam

    Andrew McCalam

    Messages:
    658
    Likes Received:
    12
    Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
     
  14. Faal

    Faal

    Messages:
    779
    Likes Received:
    14
    it depends on your method, and also depends on your broker , lots of payment process right now there is , anything can be better if your broker be honest.
     
  15. Andrew McCalam

    Andrew McCalam

    Messages:
    658
    Likes Received:
    12
    honestly speaking , i trade most of the time in demo , but the knowledge i have gained i fail to use that when trade in a real account.
     
  16. The trader

    The trader

    Messages:
    672
    Likes Received:
    6
    Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.
     
  17. lioneld

    lioneld

    Messages:
    1,374
    Likes Received:
    8
    Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience. take it or leave it. decisions is yours. thanks
     
Loading...
Similar Threads - Need Forex Trading Forum Date
How much you need to earn to quit forex trading? General Trading Forum Jan 13, 2013
AUD/USD Forex Technical Analysis - Bulls Need Favorable Outcome from Trade Talks to Continue Rally Technical Analysis Dec 1, 2018
Forex Mentor is needed ? Beginners Forum Oct 14, 2017
Is there need any certain educational qualification for Forex business? Beginners Forum Oct 19, 2013
Why you need a good Forex broker to succeed! Broker Discussion May 10, 2013