New to forex, looking for advice - page 4
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Some of the best trading systems are 20-30 years old. All one has to do is find them (they are around) And with proper MM (without expecting to get rich in a year or two) forex trading becomes a normal job
alanfx: forex trading is a good trdaing platform as because of its many advantages like its transparent and trustworthy business, flexible and provides good opportunity to gain profit.
The risk is involved in any kind of business. But it is easy for new investor to earn when rates of currency increase without any effort.
. Agree with this we need to first have basic idea and knowledge about forex and should practice with demo and after having confidence that we can trade nicely then should go for real and should start with small amount.
. Agree with this we need to first have basic idea and knowledge about forex and should practice with demo and after having confidence that we can trade nicely then should go for real and should start with small amount.
Aside from demo account,what other means(learning materials) can suggest to hone our skills as newbies?
Aside from demo account,what other means(learning materials) can suggest to hone our skills as newbies?
Visiting Forex sites and forums and interacting with other traders in the community will also help new traders to learn more about Forex trading and in the same way enhance their trading skills.
Visiting Forex sites and forums and interacting with other traders in the community will also help new traders to learn more about Forex trading and in the same way enhance their trading skills.
Yes,I do agree with you.Forums really makes new trader learn more about forex trading from other more experienced traders.Here,you ask question and interact with them.That is the very reason why I'm here at forex-tsd
alanfx: forex trading is a good trdaing platform as because of its many advantages like its transparent and trustworthy business, flexible and provides good opportunity to gain profit.
Don't forget the fact that there are many disadvantages as well. For an example lose everything with in few minutes
Demo trading, demo trading and demo trading before any live trading. And take care of demo as it it was a live account
+1 .. Demo-- then small % of real cash-- then slowly work up to full $ trading(take your time-- your here for the long haul).. Also-- work on Money Management to help keep you in the game for those times when things arnt going as planned.