Trying to forecast forex rates is an acquired skill

[Eduardo Lucchese]

Skills are the most valuable thing in this risky market.

 

[Cooper Truebridge]

If a trader researches Forex Forecast, his profitability ratio will increase a lot. Forecasts provide ideas about supply and demand.

 

[Alexander Hudson]

If you want to make money you need to have proper knowledge and skills

 

[eddiereich]

Forecasting forex is a quality acquired over time via consistent practice and research. There is no certainty that this forecast would be correct at all times but it helps to strengthen the underlying reasons for investing in a forex instrument.

 

[javierhowell]

Wise words @kazumuFukunaga. Every trader should follow his own strategy and style of trading to bring out the best results.

 

[The trader]

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

 

[Kevin Vogt]

Forecasting in forex is the only prediction and not always become true, follow the trend market and keep trading based on risk management and proper money management, the market very dynamic, and the trend easy to changed but learn price history help trader to analyze the market.

It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.

 

[Kazumu Fukunaga]

It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.

Trading in the trending market is very profitable. Once you pick the trend you are good to go. But the problem is any pair doesn't trend all the time. A good amount of time price remains in range bound. That's why we need to be expert in both kind of markets.

 

[SaadBinToha]

Most of our traders are not patient in trading and as a result they suffer much. They become frustrated after suffering losses. They should overcome losses with earning more and more profit.

 

[Ethan]

Not every trader is successful but some of them because of high trading tactics. We shouldn’t turn our blind eye to this because it will keep us lag behind.

 

[Aaron_0]

Some regulated trading brokers allow traders with good amount of welcome bonus which is a great opportunity for those who don’t have sufficient trading capital.

 

[Ethan]

Yes, forecasting forex rates is an acquired skill. It involves understanding economic indicators, geopolitical events, and technical analysis. Successful prediction demands continuous learning, experience, and an ability to adapt to the dynamic nature of the currency markets.