Help About Forex - page 2
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Here's some more front porch advise about trading in the fx markets.
Here's some more front porch advise about trading in the fx markets.
- Learn what the best FX markets are to trade
- Learn how to spot a trend. The trend is your friend!
- Set up a demo account but be realistic about the size of the account. If you have $1000 to trade then set the demo account with that much; not the $50,000 they give you.
- Learn the different trading orders
- Market order
- Buy Stop
- Sell Stop
- Buy Limit
- Sell Limit
- Learn about "Stop/Loss" orders
- Learn how to setup a "Break Even" trade.
- Learn how to use technical indicators to your advantage.This is an almost endless list of to-dos. Baby-Pips is mentioned throughout the forum. Give them a look see. You will learn a lot there.
RT...Thanks for that, trade4xtrader.
It seems like no one ever outlines what a newbie should do when it comes to trading. There are so many "do this, do that" out there and it can become really, really confusing. Perhaps the best thing is to find someone who can help out, maybe join a trading group or the like. Of course, one should thoroughly understand what is needed to be understood in this market. As what you said, losing real money can hurt.
hi,
i suggest you consider using robots or half-robots as a start. first, if you find a good one (and it is not easy!) it can make profits for you while you learn how to trade yourself. second, you can learn from the robot's strategy, what made a position a winner or loser.
if you choose to try this, do a research first. it is not easy to find a good robot, but it is possible.
Thanks for that, trade4xtrader. It seems like no one ever outlines what a newbie should do when it comes to trading. There are so many "do this, do that" out there and it can become really, really confusing. Perhaps the best thing is to find someone who can help out, maybe join a trading group or the like. Of course, one should thoroughly understand what is needed to be understood in this market. As what you said, losing real money can hurt.
first you have to open a demo account. after you get some experience, the things you read and hear will be much more clear, and not so confusing.
You need a demo account that work real time with the charts so that the trading is exactly the same as if trading with real money. Trading with your demo account as you would with real money you would only be cheating yourself if you don't.
Forex is the sales activities and purchase of currency. Forex business today increasingly popular. We can get a lot of money from forex. But the forex risk is also very large. therefore, before starting real trading account, we learn first on a demo account. thus, the risk can be minimized. And take advantage of the bonus posts instaforex for trading real account.
One thing you should have in mind is that Forex trading is not an easy thing to do – i's definitely far from easy!...This is where many get it wrong and just jump into the market unprepared.
But one can definitely succeed in it, following this simple steps can help: get advice from an actual Forex trader, read materials online, follow forums and practice on demo.
You can learn more here: How to Trade Forex: How I Succeeded as a New Trader on what to do.
Hi, I am a Professional Forex Fund Manager. If you are a Forex trader or willing to invest in Forex trading to gain profits up to 100-500% in 4 weeks, please check our trading results at: PIPSCUTTER
E-mail : info@pipscutter.com
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You can leave your email address to us, and we will contact you to share detailed information about Forex. Thank you.
Hi, I am a Professional Forex Fund Manager. If you are a Forex trader or willing to invest in Forex trading to gain profits up to 100-500% in 4 weeks, please check our trading results at: PIPCUTTER
E-mail : info@pipcutter.com
Skype : mark.laurent7
You can leave your email address to us, and we will contact you to share detailed information about Forex. Thank you.