how to start in forex
Page 1 of 3 123 LastLast
Results 1 to 10 of 23

Thread: how to start in forex

  1. #1

    how to start in forex

    Below are the steps of training, I think if you are just starting:
    1. Introductory book or forum on forex, of the basic concepts.
    2. Demo account and understanding the terminal capabilities.
    3. Fundamental study the technical analysis.
    4. Strategy selection.
    5. Setting clear rules for input, exit, putting stops.
    6. Carry transactions 150-200 TC rules and synthesis.
    7. Whether the vehicle is used for are one hundred getting used to the money.
    8. If all micro reader more - a transition to the actual amount that is comfortable for you.
    This is of course simplistic

  2. #2
    True, for a start we need to do forex trading introduction forex trading, we can search for books, tutorials, forex forum to ask, then we can practice trading with a demo account while looking for a trading strategy, and later when we are ready then we can do the exercises live trading.

  3. #3
    martyn, To start in forex in this business is very easy but its need many important thing to make the trader can got the success on this business , and all of that thing is not simple as well as easy, some is certain the trader need to to have the proper money management and also have the good psychology too

  4. #4
    Trader
    Join Date
    Aug 2013
    Location
    Male
    Posts
    1,955
    Quote Originally Posted by solo2000 View Post
    Below are the steps of training, I think if you are just starting:
    1. Introductory book or forum on forex, of the basic concepts.
    2. Demo account and understanding the terminal capabilities.
    3. Fundamental study the technical analysis.
    4. Strategy selection.
    5. Setting clear rules for input, exit, putting stops.
    6. Carry transactions 150-200 TC rules and synthesis.
    7. Whether the vehicle is used for are one hundred getting used to the money.
    8. If all micro reader more - a transition to the actual amount that is comfortable for you.
    This is of course simplistic
    All the above points are very important to become a good trader if these are followed strictly. It is easy to say, but difficult to do. We need to invest our hard labor to study and demo practicing to attain expected knowledge on forex market. Without becoming skilled, no one should think to earn from this market.

  5. #5
    Registered user mohamed reda's Avatar
    Join Date
    Aug 2013
    Posts
    1,009
    we must as a beginner trader focus on the beginning of learning this business to not have a big problem in the future .i think making any mistake depend on your beginning to learn this job so we must work so hard to have enough experience to be able to trade with a not big loss.

  6. #6
    If you are the new trader in the Forex market then you can not start your Forex trade without any practice and knowledge. If you want to do well then you need to know more about the Forex trade, you need to also know how you can make well in the Forex trade.

  7. #7
    Trader Russel2012's Avatar
    Join Date
    Aug 2013
    Location
    Dhaka
    Posts
    162
    Quote Originally Posted by solo2000 View Post
    Below are the steps of training, I think if you are just starting:
    1. Introductory book or forum on forex, of the basic concepts.
    2. Demo account and understanding the terminal capabilities.
    3. Fundamental study the technical analysis.
    4. Strategy selection.
    5. Setting clear rules for input, exit, putting stops.
    6. Carry transactions 150-200 TC rules and synthesis.
    7. Whether the vehicle is used for are one hundred getting used to the money.
    8. If all micro reader more - a transition to the actual amount that is comfortable for you.
    This is of course simplistic
    That's great... A trader first step is practicing... Every trader should practice on demo account for minimum 1 year.. Cause we know that Forex is really a professional business..> So it's really too critical.. Even that business is totally mathematical business.. So here is needed too many calculation.. So just learn then try to enter as a professional... Then you will earn huge money from that market In saa Allah...
    ~~You have chance to be successful until Death.. So try hard till death~~

  8. #8
    In start we must have much knowledge of this market because more knowledge gives us more understanding and we will be able to earns more money so knowledge is very essential for us but unfortunately many traders did not learn the market and never earn money.

  9. #9
    Before starting trading a new trader should learn about Forex from various sources.Practice and gain experience through demo accounts.Should make his own trading plan or strategy.A trader should always neglect his emotions in order to trade successfully.Test indicators and collect knowledge about forex.These are important factors that a new trader should study.

  10. #10
    Trader
    Join Date
    Mar 2013
    Location
    Am fuly awear of the difficulties of life,so ill try to bounce back
    Posts
    1,166
    There are different factors that one should consider before embarking on trading in live account,which I would say is an important factor if forex trading career, such as learning to understanding the chart or platform, then you move on to establishing a trading plan and learning to manage your funds or account balance.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •