Yes they can also do if they are very much interested and really want to earn then they will definitely going to learn and try to enhance their knowledge and can surly able to earn.
News related to world economy plays vital role in forex therefore traders must refer economic reports. so that one must be updated with whats going on around the world.
As we know that risk is very high in forex therefore in that case using stop loss is good and I prefer to have this as it is always better to escape from losing your money then getting upset afterwards.
From loosing we get upset and its very obvious as no one wants to loose their money but yes we must take it as calmly as we already know about risk of loss therefore instead of being upset we should try to recover our loss.
The most important thing which I like about forex is that there is no boundation of entry and exist we can easily enter and exist in forex as an we want and can trade from anywhere and at any time.
Agree with jackcm there are lot many traders who actually depends on forex for their future. but yes to depend on forex we need to have immense knowledge of forex . as per me forex is my secondary option for earning so definitely after my retirement I wanna take forex as my regular job and try...
As per me demo account is like trainer or teacher we helps in understanding hoe trading is done, helps to learn building strategy, practicing lot and all this without having loss of single penny.
As market condition do not remain always same and according to that strategies also goes change. Infact we need to opt strategy which is most favorable to market condition. therefore we can not relay on one strategy for every situation.
Yes exactly, now learning forex is very easy as because there are so many medium are now available as compare to earlier days like internet is the biggest example and it is rightly said in the thread the now learning forex is also free as there are now various forex courses are available that...
Thanks for sharing this information here..personally i always like to have technical analysis as it gives good idea about trend and I can not able to trade without having technical analysis.
we can choose best strategy only when we can have knowledge about trend , market and economy of the world thats why fundamental and technical analysis is must to have as to opt best strategy to trade.
Agree with budado EA is not all time beneficial in real account once i've tried and I've suffered loss as it goes against. after that I don't prefer to have it. EA is good to have in demo account.
The most easiest way to learn about forex is internet to sit at your home and can learn, the other way is to join forex courses. there are both free and paid forex courses.
As per me i'm happy with forex as its my secondary sources for earning and it helps me to keep in touch with rest of the world. foex is most flexible business, in this we can easily enter and exist. I take forex as my part time job and I'm happy with it as it gives me an opportunity to double my...
Agree with LQD market, In forex technical analysis is very important and beneficial as they gives us clear idea about the trend by comparing the current with the past so that we can take our decision accordingly.
Agree with Tray risk of loss is an integral part of foex therefore we need try to lower down our risk of loss as far as possible through deep analysis.
Yes, there are many brokers are available and to choose the best out of them is difficult but we must take sufficient time in choosing, we can search for them in net compare them, ask to experience traders and always check about their license.