Some important for forex trader
You should always keep in mind that aside from the fact that Forex can give you a great money-making potential, Forex also has equal risks. Therefore, before you enter this market and trade, you should first consider a few things in order for you be successful in this money making venture.
First of all, you have to know how to trade currencies. In Forex trading, all you need is a personal computer with an active internet connection, a funded Forex account and a Forex trading system. There are numerous websites that offer Forex trading. In order to start trading, you have to open and fund an account first with your chosen website. After that, you can now start trading in the most liquid market in the world.
You need to have a fast internet connection in order to keep up with the updates and price movements and prevent slippages from happening. Another thing you have to consider is that as much as possible, you should register in a Forex website that offer dummy accounts so that you can practice your skills and strategies in Forex trading.
the important is a risk and profit in the forex is the same and now that we have to do is make the risk of loss is much lower than the profit, and also continued to follow management because I think it is a very major determined your profit
By working in a demo account as much as possible you will be gaining some practice which will be necessary when you go live. Forex has the potential to provide good profits for the trader and the best way to minimize the risk is to make sure that you know what you are doing.
I will adding that edge or worked trading system is another important thing to have by forex trader. if we already have it, the rest is very simple. but as we know, its not easy to found it or develop it. require a lot of our time and patient. we will always found a problem if still don't have an edge.
What you could also think of doing in the early stages of your trading career is to consider adopting a trading strategy and making gradual adjustments to it to suit your needs until you are more comfortable with it and see actual results. There will come a time when you will be able to develop your own which can hopefully bring even greater results.
The risk is very equal, but if you don't know the basic at all then the chances of losing is really high so you must really keep in your mind that you must be well prepared before entering the real trade, and always think positive to whatever things you may experience.
I think for me this equal risks they are stating is about the choice we make. As obviously we do have different risks here. Either to have low risk or high risk. Usually, putting higher lot size will give you high risk and lower lot size will give you lower risks.
I think for me this equal risks they are stating is about the choice we make
. As obviously we do have different risks here
There will come a time when you will be able to develop your own which can hopefully bring even greater results.
i just want to have low risk as much as possible. i don't want to increase my risk like increase my lot wen i am not yet very much knowledgeable in trading. so i am still trying to learn a lot more how to trade well. but for now i have not learned a lot yet. but i am still trying to increase my knowledge.
Risk is always their. Its constant. How we can minimize risk is depends on how we know about forex trading. I'm happy that so far I'm manage to earn some money in forex trading but the risk is always their sometimes one or two mistakes can lead to one to two months worth of trade and recovery.
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