Hey Beginner, Come on Start Forex Trading business correctly - Page 3
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Thread: Hey Beginner, Come on Start Forex Trading business correctly

  1. #1
    Trader 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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  2. #21
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    Learning is very important in this business actually we have to learn regularly in forex. As you are saying that we have to get proper trading experience first we the main reasons of our loss no other person or any other magic will make you a looser here. If you will do careless trading and you have to ready for a its bad affect too

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  3. #22
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    One problem with the beginners in this market is that they do not know what is right to do, they might think that it is good to trade with curiosity, it is not a good idea. They also think that it is a good thing to be free in the market at the initial stage, they are wrong about this. It is experience that can decide the both or you.

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  4. #23
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    Hukam,
    it is great, traders have to learn from the basic and not with jump to another stages or so rush,
    there are many good thing that we can take from this business , besides we learn how to make money and grow to be a good trader but also we learn how to control emotion and mental and all of them are good for personal quality and we can implement them at daily life

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  5. #24
    Trader rinaji's Avatar
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    Quote Originally Posted by cowek ireng View Post
    2. Always consider between the advantages and disadvantages the forex business
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    It is the case that a lot happening on the newcomer, we only think about the advantages, even really expect much to be rich in a short time of this business, we only think about being rich, do not think about being poor. lol. So many beginners who then feel depressed after they get something out of their minds, even very opposite of what they expect.

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    If you lose, be patient. If you win, stay humble

  6. #25
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    It is good for the beginners in this market to take calm till about 1 year, they should still be in the submission and learning of the market all through, this is what I think is right for their trading. There is nothing good in making haste in trading. There are many beginners that will invest big money in the following week they started, this is bad.

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  7. #26
    Trader Hukam's Avatar
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    Quote Originally Posted by rinaji View Post
    It is the case that a lot happening on the newcomer, we only think about the advantages, even really expect much to be rich in a short time of this business, we only think about being rich, do not think about being poor. lol. So many beginners who then feel depressed after they get something out of their minds, even very opposite of what they expect.
    Yeah mate almost we all want to become rich in short term time, most of new trader's don't learn about the disadvantage of their wrong trading attitude most of them want to use high risk in trading and they think that it will give them a lot of happiness and dollar's in their trading account, but this type of thinking is very harmful at all

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  8. #27
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    Yes sir, all the traders need to give more emphasis to learn better forex trading. At the very beginning we should learn the Forex better. if our learning is better then we can earn better. the place is open for life time. we need a perfect learning so that we can earn from this place. it is a better opportunity for us to earn from this business place. if your learning is perfect then you can earn from this place no doubt.

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  9. #28
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    There are lots of beginners that would be saying/doing bad things about the forex trading, and the things they are claiming to be right are very wrong. There is nothing better than looking toward working in the market with calmness and patience, this is the way to make traders have success. No amount of quick money you want that will give success to you.

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  10. #29
    Trader rinaji's Avatar
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    Quote Originally Posted by Jamuna View Post
    Yes sir, all the traders need to give more emphasis to learn better forex trading. At the very beginning we should learn the Forex better. if our learning is better then we can earn better. the place is open for life time. we need a perfect learning so that we can earn from this place. it is a better opportunity for us to earn from this business place. if your learning is perfect then you can earn from this place no doubt.
    Actually we always learn in the same area, a lot of material about technical analysis, technical strategies, technical indicators, and others, it can not help at all if we do not have a good understanding, we often fail, and always use the same way again and again on the next trade. Because we do not open our minds to another areas, when we get a failure, we only change technical strategy, again and again. That happened over the years.

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    If you lose, be patient. If you win, stay humble

  11. #30
    Trader techboy's Avatar
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    Trading is one of the hardest business to handle, it maybe because on the high volatility issue where emotions seems to set in during trading, that is why only a few traders are lucky to survive, some give up before they even taste profits in there account, it takes time to become successful in these business that is why other investors prefers traditional business instead of trading.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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