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Thread: Step by step way to trade in forex trading.

  1. #1
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    Step by step way to trade in forex trading.

    Many are trying to focus on finding a good strategy that they can use to trade and make profit in forex trading. In my part I can say that strategy alone will not going to make us success trader. What we need is to understand the step by step way to trade in forex so that we have good chance of earning.

    First step is try to do analysis. Because no matter what strategy you going to use if you don't know if the trend is going bullish or bearish then you are just going to gamble your way into trading. Secondly after doing analysis make sure you do risk and money management. Then that's the time you pick the best strategy base on your analysis and risk and money management.

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  2. #201
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    well i never say to gambling in forex mrket becoz forex gambling always give you loss becoz of high lot and heavy risk :) step 1 is analysis step 2 in money managment step 3 in tp sl analysis and step 4 close the mt4 still you achieved any tp aur sl :)

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  3. #202
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    well there are alot of step you need to learn before start trading and take trade in the forex market first step in to max your capital second choose those pair which float are low and then analysis the market and after proper money management take take with proper tp and sl :)

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  4. #203
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    As you've clarified in your string sir, we can't utilize any single part to be worked alone. We have to join couple of things on the double and influence them to work. We can't accomplishment with just a decent methodology, yet in addition we have to comprehend both the hazard and the arrival we will get from this business and see every one of each point by point data about forex exchanging. What improves you exchange, you're the special case who knows it well.

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  5. #204
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    With the digitization of monetary standards, forex is becoming well-accepted by the people around the world. Even today forex is becoming a major earning source for those who want income without going out of home. Thereby it is essential to get a proper idea of forex market before a trader start trading with his money. Good selection of trading strategy, right selection of broker, proper analysis, etc. all can help a forex trader to ensure a profitable life.

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  6. #205
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    Quote Originally Posted by Abraham Chrils View Post
    With the digitization of monetary standards, forex is becoming well-accepted by the people around the world. Even today forex is becoming a major earning source for those who want income without going out of home. Thereby it is essential to get a proper idea of forex market before a trader start trading with his money. Good selection of trading strategy, right selection of broker, proper analysis, etc. all can help a forex trader to ensure a profitable life.
    success does not come over the night in forex business,success in forex like a baby step,a trader will to earn in this business need to always understand the reason for his losses and how to reduce the loss as well when trading,the step to become a successful is not always and this is why as a trader learning is the key to success.

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  7. #206
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    Quote Originally Posted by budado View Post
    Many are trying to focus on finding a good strategy that they can use to trade and make profit in forex trading. In my part I can say that strategy alone will not going to make us success trader. What we need is to understand the step by step way to trade in forex so that we have good chance of earning.

    First step is try to do analysis. Because no matter what strategy you going to use if you don't know if the trend is going bullish or bearish then you are just going to gamble your way into trading. Secondly after doing analysis make sure you do risk and money management. Then that's the time you pick the best strategy base on your analysis and risk and money management.

    in my opinion, actually the trading strategy we will get is in line with the way we learn and apply it.
    but sometimes we are too busy looking for strategies which are said to be the holy grail.
    then tempted by the various strategies offered by the marketing and trading mentors that are sometimes so complicated.
    simple ones can be better then why should you look for a more complicated one so that it can be cool?

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