Five fundamental truth you must know before trade - Page 25
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  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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  2. #241
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    There are so many things which can happen and yes its hard to predict about the future we can just work the current market condition and work upon the price action technique even the market is all about the future prediction that we have to do in market so we can't neglect that totally here but have to support our system with good money management and risk management always.

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  3. #242
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    Forex comes with unpredictable nature in a movement of our trade and as traders we need to know the real truth because it's what can help us to ensure that we make a good trade. First we must never stop learning because it's the key factor that would ensure we develop our knowledge to trade good. Secondly risk management should be a constant decision in our trade because greed is a super way to loose your capital. We can never be perfect in forex so you should expect loss and profits too but make sure you make good management decisions always.

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  4. #243
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    Quote Originally Posted by adeelyaz View Post
    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.
    If we expect to have such outcome in the market at each moment, it will be bad for us. Because the market is working all times, but sadly we can not make money all times from it. That is the logic to be known. And lets learn from known traders and they will tell us the truth, it is profitable but you can't make that every moment money.

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  5. #244
    Trader bigpharaoh's Avatar
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    Quote Originally Posted by Batavia View Post
    when the news has been released then the direction of the trend can change in real time, before we do not know the results of the published data, and this becomes a threat for traders who do not monitor the news because this can bring harm to traders, so I think as a forex news trader can not ignore we must continue to see and learn it,
    I totally agree with you. We must open the economic agenda daily and find out the most important news for today. At what time the news will be strong. And then take precautions and put a stop loss or close deals that we have if the news is going to be issued on the currency in which we have an open deal

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  6. #245
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    Quote Originally Posted by Darkhorse View Post
    If we expect to have such outcome in the market at each moment, it will be bad for us. Because the market is working all times, but sadly we can not make money all times from it. That is the logic to be known. And lets learn from known traders and they will tell us the truth, it is profitable but you can't make that every moment money.
    Market is always moving because we see the prices and find the best time to enter in market every time is not suitable always for profits , but as we are learning more about market and our trade plan we are able to make a successful trade plan so we use it for getting successful trade results .

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  7. #246
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    Before one should start trading in forex market. ONe has to know that though it is been said and known that forex is a profitable business, but it depends on the person doing it. So don't think you will succeed so fast as soon as you start trading. Take it slow, trade with money and risk management and trade with the strategy you know more about.

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  8. #247
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    We are to know that it is a risky business and when we know that, it will enable us make money. Trading in forex takes time, it requires so much learning and discipline. From my personal experience, it has come to my notice that money comes to those traders who can be patient and who can wait and avoid trading without patients.

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  9. #248
    Trader layigold's Avatar
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    If the fact that " anything can happen" is well understood by most traders I expect them to always trade with cares because nobody , I repeat nobody can guarantee what could happen the next minute and this is one of the reasons risk management is very important . I quite agree that this is one of the fundamental truth that must be known before you move near trading at all. I may not decipher your thought fully on the second point , but I quite agree with the fact that trader should trade what they see and not what they feel or hope should happen in the market . Your trade decision should be based on what is happening in the market based on the outcome of your own analysis of the market

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  10. #249
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    That's why we have to only deposit that money which we can afford to lose in trading account, this is right that anything can happen in market and mostly if we are newbie here then we have to faces losses in account, there is no trader who would able to get success without a failure, failure is the key of success and learning from losses and mistakes would make us more sharper trader here.

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  11. #250
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    Seriously, there are things we should not hide away from the newbies before they started trading in this business. Most newbies thinks that this business is only a profit making business, that once the entered the business they will make there money and go without them have to risk anything here. Just know that forex trade is a risky business, that is why from the beginning it is said that we should deposite that which we can afford to lose.

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