Improve knowledge

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Thread: Improve knowledge

  1. #1
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    Default Improve knowledge

    Improve knowledge
    Beginners should constantly improve knowledge and trading experience. Forex is a high-risk business, so traders should practice and spend more time learning to improve knowledge, and skills for maximum profit. The demo account allows you to master your skills and test your strategy. But you can't learn the tricks of trading psychology in a demo. Nowadays most broker like Eurotrader provides this account.

  2. #2
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    The traders who are going to start trading in forex market need to follow some strategy. If any new traders or beginners want to enter into forex he should know the basics of the forex trading. Without the basic knowledge he can not trade in the forex market. A trader can open a demo account to learn all the basics of forex trading. It will help him to know how to trade, where to trade, when to trade. It has no risk. There is no need to invest capital in demo account. I also opened a demo account in Forex4you. I learned all the basics of the forex trading from that demo account practically. It is a demo version of live account. So everything in there is just like a live account. So a beginner can easily learn the basics of forex from a demo account.

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    Trading is meaningless if you don't have knowledge of the market. Learning and practice are required to be successful in the market. Spend more time learning to trade properly. Over time, you will be able to develop it yourself and achieve even greater results. That’s why my broker Eurotrader offers free educational courses to their traders.

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    If I want to do a business, I must have an idea about that business. Forex trading is the same kind. It is impossible to survive in Forex trading without education. Trading education helps to make every trader perfect. As a professional trader, the Eurotrader platform helps me a lot.

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    Quote Originally Posted by Liam Lawson View Post
    The traders who are going to start trading in forex market need to follow some strategy. If any new traders or beginners want to enter into forex he should know the basics of the forex trading. Without the basic knowledge he can not trade in the forex market. A trader can open a demo account to learn all the basics of forex trading. It will help him to know how to trade, where to trade, when to trade. It has no risk. There is no need to invest capital in demo account. I also opened a demo account in Forex4you. I learned all the basics of the forex trading from that demo account practically. It is a demo version of live account. So everything in there is just like a live account. So a beginner can easily learn the basics of forex from a demo account.
    The right broker first of all indicates a right decision, we can find a right broker if we can choose a broker which is more appropriate to the concept of trading that will be used, we the traders who are particularly scalpers have to choose the brokers which allows trading concept such as this. As a newcomer I always have to depend on lowest trading spreads for scalping in a proper way, that’s why I have chosen LQDFX due to their 0 pips trading spreads. That’s why now my trading life is very much comfortable.

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    The best way to learn about trading is to actually trade. Trade as much as possible, as often as possible, and you will see yourself improving.

  7. #7
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    Learning is fundamental for being a beneficial trader. You have to study and research a broad measure on the off chance that you ought to be an advantageous trader. You have to learn specific knowledge to control your emotions. Then begin with demo account to understand how the market works. You also need a regulated broker. I like Eurotrader broker's trading platform for my trading as it executes trade instantly. I additionally appreciate the services they provide. I also like their instant withdrawal facility.

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    There are so many brokers in the forex market. Some are good and some are fake. Every trader wants to choose the best broker from the market. But it is not an easy job. The brokers who give low spreads, high leverage, 24 hours customer service, easy withdraw process, versatile trading techniques are generally known as good brokers. I am currently trading with Forex4you. I choose them because they have all that qualities which made them good broker. Their trading techniques are so easy. This broker is always with me like a shadow.

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    According to our trading understanding we generally select our risk ratio. As a newcomer it is more difficult to me to make sure a sustainable risk ratio due to lack of real market principle. But I always try to trade with 1-2% risk that is supportive to avoiding loss with certainly. I think it is more appropriate for the beginners trader.

  10. #10
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    in ro ham eslah kon:
    Most of the Forex traders do the same mistake and that is investing money hugely in the beginning. This is the common mistake of almost all the traders especially by the newcomers. It is necessary that you preserve huge trading knowledge before investing huge money to trade safely. I am working with Tpglobalfx trading broker who provide free training course to become well- educated easily and I am trading confidently.

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