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Thread: Five fundamental truth you must know before trade

  1. #1
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    Five fundamental truth you must know before trade

    As we know forex business is always full of so many risk and we should always be alert and educated for the forex trading. We must remember that if we want to make the great success in the forex market then we must always have the good ability to understand the market direction. If we will learn this art then we will be able to make the great profit in the forex market.

    Five fundamental truth.

    1.Anything can happen.

    Being a good trader first of all we must have to keep in mind that in the forex market any moment anything can be happened so we must always be ready to face every change and challenge in the forex market.

    2. Never think about the future.

    While making trade in the forex market in the present we should never pay our focus on thinking about the future indication as this can surely affect our trading style and we should always pay focus on the present market more than future happenings.

    3. Wining and losing

    This is the naked reality of the forex market if someone is gaining the money in the market then there is someone who is losing the money in the forex market. So we must never be dis heart ever.

    4. Indication with indicator

    We should always make the deep study of the forex market and more than all we should always make the good use of the indicator in order to get the proper indication about the forex market.

    5.Cash every moment in the market

    We should just make the every trade with the trust and we should always make the good cash of the forex time and that is why we should make the active role in the trade and cash the every moment in the forex market.

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    Those who runs only they win the race of life.

  2. #171
    Trader layigold's Avatar
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    Thanks for sharing your experience and this should be of help to others . I quite agree with you that anything can happen in forex trading and that is why traders are often warned to stop behaving in a way as if the key that controls the market is in their hands.If you admit and agree that anything can happen in forex , you will exercise a lot of patience until you get a very good opportunity and manage your risks very well to avoid disaster of trading

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  3. #172
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    Quote Originally Posted by adeelyaz View Post
    3. Wining and losing

    This is the naked reality of the forex market if someone is gaining the money in the market then there is someone who is losing the money in the forex market. So we must never be dis heart ever.
    thanks mate about this explanation . yes there is no other source of profits you earn without the losers . in forex it's a fact tahat there is losers and winners at the same time . it is impossible for all traders to win at the same time because the winner wins the money of loser and this is basis of this market . so should on the trader to know that forex is not a company that will give you only profits without lose any cent .

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  4. #173
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    There are a lot of things traders needs to know before they can make money from the market. Forex trading is a risky business, know the way to trade and make analysis that will make you money, most of all, we all have to learn and understand the need for money and risk management so we can avoid losses. Most importantly we have to be well prepared for some little losses.

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  5. #174
    Trader layigold's Avatar
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    If you have read a book written by Mark Douglas and which is titled , "trading in the zone" ( though a book that must be read by every forex trader), you will agree with me that five fundamental truth of trading are highlighted and they are quickly outlined below :
    1) Anything can happen

    2) You do not need to know what is going to happen next to make money

    3) There is a random distribution between wins and losses for any given set of variables that defines an edge

    4) An edge is nothing more than an indication of a higher probability of thing happening over another

    5) Every moment in the market is unique
    I will advise you write these five principles out and place them somewhere in you trading room where you can see them from time to time until they become part of your system and belief

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  6. #175
    Trader cutiekc's Avatar
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    A lot of things has to be learned about forex trading, the truth about forex trading has always been this way and a trader who wants to make money has to always make sure they are following the right method and process. Trading as a forex trader takes so much, truth also is that we can make money from forex trading as well as loss, therefore we ought to trade with discipline.

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  7. #176
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    Quote Originally Posted by layigold View Post
    4) An edge is nothing more than an indication of a higher probability of thing happening over another
    This is what value is, where we find that the prices are more poised to either rise or fall. But anything can happen and hence we should be planned and prepared if things go against our assumptions. Any type of business or work has some time when our expectation can be full fill, we must wait for the time and should not even open trades in a hurry.

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  8. #177
    Trader tfs2012's Avatar
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    [lang=ar]
    Quote Originally Posted by adeelyaz View Post
    Indication with indicator
    There are many people waiting to find a set of indicators that give them entry points easily and without hard work
    During this waiting they lose and lose. The successful trader realizes quickly that there is nothing like that and that he must learn the analysis correctly without the need for indicators[/lang]

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  9. #178
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    i think that these fundamental analysis is very important for forex trading business i think the best way is to follow news and to read different books when we observe different ideas and strategies then we gain more knowledge about the forex business i will want to know that no quick way of making money is present in this business you need patience, practice and understand the market movement to get more profit.

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  10. #179
    Trader musiliu's Avatar
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    Quote Originally Posted by tfs2012 View Post
    [lang=ar]
    There are many people waiting to find a set of indicators that give them entry points easily and without hard work
    During this waiting they lose and lose. The successful trader realizes quickly that there is nothing like that and that he must learn the analysis correctly without the need for indicators[/lang]
    Indicators don't give direct by or sell signals they only help you to understand the market condition and also to understand how the market moves, if there is any major indicator that give buy and sell signals and exit signals, then all traders will be using that indicator but such indicator doesn't exit and sadly some traders still search for the so called holy grail

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  11. #180
    Trader Obaforex's Avatar
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    Yes we must be ready at all times for anything because in the forex market anything can happen at any time. This is why we must be very careful and always use stop loss when trading in the forex market. Take for instance the night bexit polls was announced, it was a big disaster that could wipe out any account with long gbpusd no matter how large your trading capital is, another typical example was some times last years when the market also experienced a flash crash, market dropped about 8000points on most brokers in less than 3 minutes and this happened during Asian session.

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