Right, there are many losers in Forex market but there are experts who are earning big amount without any issue. If you want to be successful then you have to survive the market.
Right, for demo work there is no need of any specific broker. We can trade with any broker for demo purpose. But for live account we should consider specific broker only.
I will also suggest having stop loss for their trading work but one should have learn about it properly then only use it because using wrong Stop loss can also cause loss.
The right demo is the good to start for a newbie to start to learn about Forex and market. Demo will saw how market actually moves and how we are going to be in market with our knowledge,
Few traders can handle trade without stop loss but I will suggest having stop loss if you are not experienced with trading and not having knowledge of how to handle a risky market.
I will say, newbie should start with learning on market and trading then go for choose broker. Because you are having knowledge then you can chose right broker for your trading according to your trading knowledge.
Few Forex tools are very important while we are working in this business, like TP and SL. Few traders think different about it, but for me they are trade and money saver.
And to find such strategy which can give you profitable result, we have to struggle alot with demo as well as real account. Without any hard work nothing is easy here.
Risk management is important for every trade because that way we can minimize risk of our money which is involved with our trading. But it is not easy to do this, because not every one is skilled with it.
Money management is key tool while you are talking about trading, if you amazing strategy but you cant manage your money with it then you can not use it properly to get best rewards.
Right, every trade we are going to work in market is having its own risk with it so we can not avoid it 100% with any how strategy. But we can manage risk with proper plan and strategy.
Every business needs special skills according to their work, so as Forex where we need control over our mind and skills that can earn us money with risky market.
Taking risks is always a courage for Forex, but it always dont turns in to rewards. You have to understand that market is always not going to be in our favor.
Many are only posting here for promoting their broker only in every post, why dont they use broker as signature with their profile so that it will easy for them also.
Right, most of the broker are offering so many things to get more traders with their company but to find right one for your trading you should research your own way according to your knowledge.
Always take risk as low as you can but if you are very sure about your analysis and think that you are having trade with profit then you can go to high risk but do not make it too high.
IF one really want to be part of this awesome business then he will find a way to learn it and if not he will find excuse of failure. Because Forex is about learning and if you are not ready for it, do not enter in this business just for money.
to be successful here, we need to learn first that Forex is not easy way of earning and that is why we need to control, manage our self first so that we can get the goal of our work.
Usually traders take risk as per their investment and that is around 1-10% according to their strategy and work type. But what ever risk you take, make sure you can handle it other wise, you may loss your capital.