• 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 .

the secrets of success in Forex

If you are using risk and capital management techniques properly, then you will manage to limit your losses whatever strategy you use. So, again is all on traders skills and experience, the technique plays only minor but still important role
 
i think , learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
 
For success in anything you need to keep trying until you get success. On forex it is difficult to get success, you need to sit tight for it. No one can get accomplishment on forex soon after joining. A trader needs to be have patience.
 
You have to develop a trading system. The system includes everything. Now you may ask how to develop a system? That's the most difficult task in forex trading. It is also the reason most people fail in trading. That's why you need to study and experiment a lot. It will take time. But there is no other ways.
 
Your success in forex depends on how efficiently you can trade in the market. Better forecast will give you better trading result.
 
Scam brokers are always a threat to traders survival. They should avoid trading at uncertain point and lower trading lot size so they risk doesn’t become skyrocketing.
 
scalping is a common strategy. From professional traders to part time traders, everyone prefer scalping. Use technical tools to do so. You can also rely on fundamental analysis to better forecast the market. While going for a broker, try ECN brokers.
 
Top