• 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 .

To make profit

To make profit you require a correct mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.
 
To make profits from this market you need to make a good trading plan. Without a good plan it will be very tough to survive in this risky market.
 
It is never possible to make a trading profit without a positive mentality. Negative mindsets ruin trading careers. Regular meditation should be done for this.
 
Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But learning is not just getting familiar with some ready-made strategies. It's more than that.
 
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.
 
You can earn money from Forex trading if you can acquire most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life without having a reliable support form a credible trading platform, because the broker can affects the result of our trading with certainly.
 
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.
There is no such specific time. The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
 
New traders should be content with 1-2% profit per month on average. This requires immense dicipline from newer traders who WANT to trade and be involved. I suggest newer traders should set up 2 accounts and use one account as gambling account to satisfy these urges to trade and test new ideas out.
 
In order to make consistent profits, you need to have some idea behind your trading. Before doing this or that deal you should have a clear cut idea of what to expect from this deal, what are the factors which point to the fact that you are right by doing this deal and what is plan B to hedge the risks because not always market behaves the way that we expect.
 
It is quite important that you know the risk and choosing the right skill and knowledge while putting efforts into trading. And having a proper trading strategy can be good result in making a consistency in profit.
 
Most people can make some random profit trade. But making money consistantly is the toughest job. It requires good understanding of the market and a sound and composed mind.
 
If you want to gain profit by trading, you need to have a positive mentality. As a trader, if you do not trade with a positive mentality, it will be very difficult to make a profit.
 
Top