Forex is better than any other business as it is trustworthy, flexible, transparent, most liquid and opens for 24 hrs so anyone can trade at any time and from anywhere.
Yes forex robot is good to have only for those who Expert
advice for trading is beneficial for them only who don't have much time for analysis and can't give much devotion so for them it is better to trade with EA and with less hard work. but we need to learn good about these robot experts as to...
Hedging is another way that people use to protect their trade from having big loss but to hedge properly and with confidence is another thing.as it need good knowledge and experience trader only can hedge properly.
To learn trading better it is good to have join forex courses and learn about every aspects of forex trading and trade well. but after learning also we always need to have updated with every movements in market as they have great impact in trading.
I would say using Expert advice for trading is beneficial for them only who don't have much time for analysis and can't give much devotion so for them it is better to trade with EA and with less hard work.
Yes you are right creating our own robot is not that much easy as people thin. one who knows about programing for them also creating a robot is a good challenge.
Yes and therefore risk management have a great importance in forex. and every trader needs to have maintain risk management portfolio so that he can take a right decision.
Without having proper risk management we can't able to have trade properly and infact its like trading with a great risk. As risk management help us to identify risk involves in trade and help us to take decision accordingly.
If some one really wanna trust in forex then he has to have ready to take great pain in hard work and indulge themselves in deep understanding of forex from now onwards itself as because understanding about forex completely and with trade successfully it is not that easy to have.
To become a perfect trader we need to have a perfect knowledge regarding trading and market then only we can be able to be sucessful so for this we need to be great updated and good hard work.
Yes very true I agree with thread that we should not be overconfident in forex as it is very risky. we can't predict exact what will happen this is because market goes change on every hour so we must assume 1% risk even after having much confident.
Demo account is not for trading in real. it is just to have practice in it and then start in real accoun. loosing or winning in demo is not from real money and therefore it is not real. it is just like a practice book for the traders and especially for the newbie and having it before having real...
I would say, yes I'm happy to take forex as because it is my second sources of earning and take it as my part time job and when I trade i'm able to have good so yes I can say I'm happy with it.
I would say having forex courses paid or unpaid is not matters. the matter is value and quality of knowledge. if we are getting good knowledge by paying some money then I don't think its a bad idea and if we get free of cost then also it is well n good... so i think one should focus on the...
To take forex as a carrier is really a big decision and I think a well experienced trader can only take this decision on the basis of their knowledge and experience. as for a newbie it is very risky and i don't think think so it will be fruitful.
I think one should try and practice in demo until one feels that now he is in position to trade well in real account. one should first fully confirmed and sure that now can trade with good profit and at any market situation he can trade, able to maintain money management.
We need to control emotions if we wanna trade with profit but yes how to control our emotions is a question.. and I don't think there is any answer for it as its such a thing that we need to have develop ourselves from our own and from our inner thought then only we can be professional and free...
Yes truly said besides having good skill we also must able to analyses well related to market, technical and fundamentals. we must have an eye on every now and then in the market.
yes agree with this, to trade in forex we need to open an account with a broker. and therefore it is very essential to have one of the best broker as there are many brokers available and hence it is very difficult to choose the best.