Knowledge or Experience ?
In my opinion, the trader needs both knowledge and experience. To get knowledge traders to have to be in the market. The market reacts in the various new way daily. So, there is always something new to learn. Experience helps you reduce your mistake in trading. The trader can truly master trading psychology through trading and experience. I am trading forex for 3 years. I think traders also need a good broker like Eurotrader in order to succeed.
It's impossible to trade without knowledge but only smart traders can succeed. It also requires experience because the most valuable knowledge about the market comes from trading and mistakes made in trading. That's why I'm a fan of Hotforex webinars which cover these important topics in detail.Originally Posted by Giacinta loggia
Every new traders should use demo account before trading in live account. Because demo account helps him to know all the basics of forex trading. Without knowing the basics of forex, it is quite impossible to make the investment into profit. At first, investing in live account is a very risky decision. When trader gets all knowledge and become pro in forex trading than he should move to demo account. When I was new in this market I also opened a demo account in TP Global FX. it helps me to understand about forex. It makes me professional enough to invest in live account. I am still trading with them.
Currency market or forex is one of the most popular and risky market in the world. World currencies are traded in pair at this market. Anyone from any where in world can trade in forex market. However, lot of trader are failing to make consistent profit from trading. So, trader should think before investing money. I am forex trader too. I am trading with Forex4you. It gives best trading condition in the market.
Choosing a broker is very important. It is never possible to survive in trading without choosing the right broker. I have traded on many brokers but the best brokers are Eurotrader. A broker who provides proprietary services to a trader. And discusses in detail how a trader can become a profitable trader. A trader cannot be successful if he cannot maintain discipline and manage risk. So this trader discusses success in detail.
Knowledge and experience both are important. If you want to become a successful trader then offcourse Knowledge is the most important thing. With increasing number if transaction experience grows up and build it can be bad experience thats loss or good experience thats profit.
You can make a lot money from Forex market. But you have to follow some basic rules. If you want to make money in a quick time, Forex market will not for you. In forex market, the main thing that a trader need to have is patience. The more you wait, the more it is possible to make money. Quick trade can put you in loss. This is a long term investment. I am trading with Forex4you from last 2 years. with the help of them I learned that there is no scope to be quick. patience is the main key factor to make profit from the forex market.
It is not possible to succeed in trading without knowledge and experience. As a trader, I always try to gain trading knowledge. The better the trading experience, the better the rewards from the Forex market. Beginner traders make losses usually due to experience. Helps to develop trading research and information experience. The Eurotrader Research Center helps every trader to get an education.
I believe knowledge comes without experience. And I have learned so much with FreshForex, who got mighty educational setup through which I have learned nicely. I also feel great to do with the features that are available from lowest possible spreads, lightning fast executions and then there is even Rebate Program, which allows one to get upto 20 USD per lot size trade, which include losing trades too.
For ensuring a better trading life we have to ensure the broker which always provides security of funds , superior execution , easy withdrawal system without long term process, active customer services , flexible trading leverage , minimum margin requirements usable bonus offer , low transaction cost and much more.
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