Hey Beginner , Come on Start Forex Trading business correctly
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Thread: Hey Beginner , Come on Start Forex Trading business correctly

  1. #1
    Registered user cowek ireng's Avatar
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    Hey Beginner , Come on Start Forex Trading business correctly

    Forex trading business is One of the a booming business types who are still relatively new among the business people online. This business comes first as an alternative investment option debutante stock, option, Future and so on. This business has slowly evolved into a business choice that if I may say is "ultimate choice". a business that goes with the futures contract trading scheme is growing because of the magnitude of return can be generated from here. many traders who began flocking to run this business. Unfortunately, 100% of the traders (according to some opinions) is only around ten percent could continue to run the business on a consistent basis and can generate revenue from it. as for the remaining ninety percent fall due to the experienced loss in the middle of the road. This phenomenon is pretty sad for a business that could potentially make us wealthy.

    So For you beginner trader Its need for attention to start Forex trading as correctly with :
    1. Learn about business that would you choose first

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    forex trading business is a business of buying and selling, or exchanging foreign currency between one currency with another currency of different countries. This business is run with the concept of trading futures contracts, where we will be bound to a contract with the broker as one organizer of forex trading
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    2. Always consider between the advantages and disadvantages the forex business

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    Forex trading business has a very high probability of being able to make us rich or poor. It is all as a result of the existence of these futures contracts trading system. There are a myriad of return but there are also a myriad of risk. on the other hand this business is a business that is valued most "practical" and most "liquid" so that we can choose this business for the long-term, even though there are still many "pros and cons" of the presence of this business.
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    3. Select an effective business strategy

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    With regard to higher risks that will confront us, then we need an effective strategies to be successful in this business. There are many trading system which we can read in this superb forum ranging from about trading system formula, trading psychology article, etc about the trading strategy. If we keep doing forex trading without any strategy, so it is just we plunge into the battlefield without any sort of weapon and protector, its so small possibility we win unless we are "lucky".
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    4. manage your finances well

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    This business is very concerned with our finances, so we need to be clever for administrating our finances. make sure we do not use the money from borrow, but use the money to "free" so we are also ready to lose not just ready to win.
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    with some of the items above, I think All beginner will be able to start this business properly. something that begins with the right, great chance to expire will be fun. Hopefully we can achieve success in this business,

    greeting traders
    Good Lucks

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    Registered user Hukam's Avatar
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    Great topic my friend you are saying right that most of trader's are looser in this market and we all know that there are many reasons behind it you explained some of them very well we should have a very good idea about our career or business, we should also know about its advantage and disadvantage and choosing a strong trading strategy is much important for a trader too

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    Yes sir I am agree with you we have to do this business correctly otherwise I don't think that we will able to make money till long term in this market most of all new trader's are doing mistakes regularly and only some of them are trying to recover there mistakes these 4 points are very helpful for all trader's. All forum members should take a look on these points

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    many senior trader who claimed to be a novice trader, because he always learn trading strategies and still often gets loss. I think all traders do not just focus on trading strategy or money management. very important thing is the control of emotions and psychology of trading. without having control of the emotions, the trader would violate the rule trading system and got loss

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    need to make sure that we take a choice that will support them with full responsibility, strong commitment and mental also discipline and patience, they are needed by us who run at this business,
    the traders need to understand their situation and how to solve or accept them,
    and forex trading is a good business that we are free to manage everything, there is no restriction to grow

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    The beginners in this market should be corrected very well, they are the ones that are doing the trading badly. At the beginning, you might be very active in the optimistic view you have but you should take it easy. You should be sure on what you are doing and doing it well to have a correct trading practice.

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    The main thing that beginners should learn first is to combat with emotions, they need to understand that forex is not the thing that will make you rich fortnight, forex trading is high risky business, all these things a person should understand at his beginning, along with the above stated information, because it will also help him.

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    That's very true we don't have to focus on money by the way that's right many trader's are doing trading only to become rich but this type of thinking making them looser always we can't take any type of high risk in forex. And a very good learning and regular practice will help us to know about the very well we need a lot of time regarding our learning in forex

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    Registered user cowek ireng's Avatar
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    Quote Originally Posted by mehwishraheel View Post
    The main thing that beginners should learn first is to combat with emotions, they need to understand that forex is not the thing that will make you rich fortnight, forex trading is high risky business, all these things a person should understand at his beginning, along with the above stated information, because it will also help him.
    This right comment , controlling emotion is one of hard aspect to reach for anyone who start of this business as beginner traders, they always not accept any result that unexpected condition , most of them still have bad mental which make them do repeat again and again this problem

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    Registered user Hukam's Avatar
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    Yeah mate that's very true controlling emotion is one of the hardest task in this market. Most of time for all new trader's it become very hard to control their emotion at the time of trading. All new trader's should spend time on their learning and should try to know about forex trading discipline a good trading strategy also need for good trading so new trader's have to learn a lot in starting

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