I mostly trade with the EUR/USD and the GBP/USD because they give me more profit. When there is major news in the market, you can make money with this pairs and in a short time especially when trading the London game strategy.
A trader who does not know how to trade cannot use the business of forex to support his or her family. It is not luck that the trader will hope for him or her to make money to train his or her family. Forex is for those people that know how to trade and it is only them that can train their...
Learning about forex is thing that we have to decide on our own. Because we know that getting a private teacher to teach us is very difficult and it is also expensive, it is better if we learn how to trade by making use of the internet. There are so many place the trader can learn from the web...
@gkintl whereas I am a user of the natural indicators, forex practice does not prevent any body from making use of a custom indicator. But what is not advisable is to purchase a system or follow another person's system of trading. It is better to do it yourself and take correction.
@Daisy if there is an easy way of traders to be earning in here in this business, no one will lose. Then I don't think it will be a winning business again. You make profit in forex because there is another trader that lost. So if all of the traders are winning all of the time, there is no way...
This thing is among the things every forex trader will very learning as a forex trader. If you know when to buy and sell, you can be able to access the market at the right time so that you can buy low and sell high. Good market timing will make a trader to make more profit with his or her analysis.
If a trader cannot control his or her emotion when trading, he or she will be finding it difficult to trade. Emotion is the bad thing that will make traders to lose when they are trading. When you want to control your emotions. It is better to not look at forex as something that will make you...
Whereas a trader who is trading with small capital will be close to blowing up his or her account, it is not the major reason why people fail. Traders fail in forex because they are not having enough trading knowledge and they are not having enough patience. When a trader has patience, he or she...
Scalping and long position trading are good when the tader is able to do the two of them. When the market will change and increase in volatile, the trader will try to scalp. I'm sure long term trading and short term trading will be good for any trader and it will depend on the one he or she want...
I'm sure a commodity trader will not be finding it very difficult to trade in the forex. They are the same thing and the same type of trading. I'm sure trading in commodity is harder than trading in ordinary forex and if a trader will be trading very well in commodity, he or she will trade...
I am happy choosing forex and that is why I am still trading till now. I don't want to start hating forex because right now, the money I am making is not the type I want to make. For the past three weeks, I have been losing and this thing makes me want o stop trading.
There are those people that only get there success by trading in the demo account. The don't have any other means they learn if not trading everyday in the demo account.There are illiterate traders who are don't usually read about how to develop strategies but those traders still make profit...
@Decub just as you have rightfully stated. It is when a trader is dedicated that he or she will be making money from forex. When there is that dedication, the trader will be able to be learning well more than when there is no seriousness. Also, good management skills will make a trader to know...
Making 100 pips in day is very possible when the trader has the luck on his or er side. I'm sure there are news traders that will be making that type of money when some high impact news release. If a trader is the type of trader that knows how to analyze the market according to the news...
I agree with you. When a trader is patient, the trader is going to achieve what he or she wants. If that expectation is not set to be a very high one and the trader is not being greedy, he or she will get it with a matter of time.
A newbie trader can start by reading online and to know about the fundamental of forex. When he o she knows the basics, he or she can proceed to the demo account to practice how to trade. This thing is not easy but with time and enough patience and practice,the knowledge and understanding will come.
I'm sure that a newbie trader will have to know many things. When a newbie trader wants to make money in forex, he or she will read so many things about forex before trading and it is this time that he or she will learn how to manage his or her risks very well.
Any body can use pamm. Weather you are a newbie or a professional trader, you are free to make use of pamm because it is a type of investment. If the manager is able to manage the capital very well, then you will be able to make money from it.
I agree with you. The knowledge that will be important to a forex trader is the knowledge about how to trade in forex. When he or she is having the trading knowledge and education, then he or she will be making it without any other qualifications.
It is better not for a trader to be greedy because greediness will make the trader to trade with high leverage. A trader should know how to be satisfied with the profit he will be making in here. If he or she wants bigger money, then he or she will invest big trading capital.