Reply With Quoteyes i have some ideas for the new comer for good earning.
1 knowledge is must for you about forex.
2 experience is important.
3 you would have a proper time.
4 you would spend much of time in it.
5 you also invest money for good earning.
Best 5 tips for all newbie?
Almost people know about trading what is this and which kind of business so i suggest five tips for all newbie.if you more then batter tips then share with all.
1:FOR TRADING TO MUCH CAPITAL IF YOU WANT A GOOD TRADER.
2: GOOD EXPERIENCE IS MUST IN FOREX TRADING.
3:WITHOUT KNOWLEDGE YOU DON'T KNOW ABOUT TRADING.
4:GOOD STRATEGIES MAKE A GOOD TRADER.
5:MARKET ANALYSIS IS A PART OF FOREX TRADING?
If you are agree with my point then share your thoughts.
yes i have some ideas for the new comer for good earning.
1 knowledge is must for you about forex.
2 experience is important.
3 you would have a proper time.
4 you would spend much of time in it.
5 you also invest money for good earning.
Every traders want to make profit from the forex market. Making profit is not easy at all. Those who has enough knowledge about the market and the trade can make profit. Sometimes broker can be helpful to make profit. I always trade with Tpglobalfx. It helps me to take decision about trading. By help of this making profit is little bit easier for me.
If you are new in this market, you will be very careful with some decisions. One of them is to select a suitable broker for you. Because there are a lot of brokers in the market. Some are good and some are fake. So you can lose all your investment bt choosing a fake broker. Choosing a broker is not an easy task at all. I am trading with Forex4you. They are really awesome. They give me a minimum spread of 0.1 pips and maximum leverage of 1:1000. They also have some innovative strategy which makes them different from many other brokers in the market. They have no commissions on trading. On the other hand, they are very honest with their clients. So overall I am very much pleased with them.
what is a correct method to study and and understand market functioning? Should I start from order flow or economics?Originally Posted by israr_ali
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
Fear and frustration in forex trading can affect traders at some point. It almost always happens to a novice trader who has little knowledge about forex trading. Moreover, the level of anxiety depends on the trader and the size of the trade. But it's human nature, so don't worry. Knowing the root causes of fear and frustration can stop the anxiety of Forex trading.
Trading with putting SL is very important because the SL then we will be able to minimize the risks of forex properly , therefore we should always use SL when trading. To put stop loss when trading, I prefer to put SL 5% of the capital. So that the losses incurred are not getting bigger.
One of the most important recommendation is to always use stop loss and take profit settings and produce little manual interventions in your trading system. It's important in one particular aspect: it helps you to create sample of returns which you can they analyse to make unbiased conclusions about your trading system.
The newcomers in the Forex market always face some problems with how to trade practically to make a good profit. But some Forex brokers providing different ways to earn easily. I have been trading with Forex4you broker who is one of the experienced and honest brokers in this market and as I have little knowledge of Forex trading that’s why my broker helps me in earning money easily by allowing of using their Share4you copy trading service.
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