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Results 1 to 11 of 11

Thread: Know Yourself in Forex Trading

  1. #1
    Intraday Master
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    Default Know Yourself in Forex Trading

    If you begin sweat when you watch the price changes of a pair to begin trading with or invest , you either have the incorrect trading concept, are in the incorrect currency pair, or your positions are too big. You should must know about the forex trading first. First get knowledge of forex trading and practice on Demo account.

  2. #2
    Moderator cool user Resolve's Avatar
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    Quote Originally Posted by arsii619 View Post
    If you begin sweat when you watch the price changes of a pair to begin trading with or invest , you either have the incorrect trading concept, are in the incorrect currency pair, or your positions are too big. You should must know about the forex trading first. First get knowledge of forex trading and practice on Demo account.
    When we are trading the first step is to choose the right currency pair for our trades. When we can understand the currency we want to trade with and also have a trading plan for it - only then we can look for the profits in our trades

  3. The Following User Says Thank You to Resolve For This Useful Post:

    basim (11-27-2018)

  4. #3
    Moderator cool user imbest's Avatar
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    yes it is good to be aware of our trading goals , personal skill and capital we are having in trading account before decide about trading . it will make easy to build a plan and strategy for good trading. results in good money management in trading.

  5. #4
    Moderator cool user Resolve's Avatar
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    Quote Originally Posted by imbest View Post
    yes it is good to be aware of our trading goals , personal skill and capital we are having in trading account before decide about trading . it will make easy to build a plan and strategy for good trading. results in good money management in trading.
    Each trader must know and understand that the income he can get from his trades will keep on changing. This is why he needs to use a trading strategy that is less risky and with the help of which his income will also increase

  6. #5
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    Trading, in any kind of market, carries a high level of risk and all may not be suitable for everyone. However, trading has still emerged and became affordably available to all in the last 20 years with the help of the modern technology and online services. Unfortunately, “risk” has still a big part in trading and it can really not be taken away, but there are ways on how you could lessen them without the expense on lessening your trade.

  7. #6
    Piplet
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    I have noticed that experienced traders also looses money when they put emotions in trading, so its good to set our emotions aside while trading forex.

  8. #7
    Bullish
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    Every trader has different style of trading. you cannot copy each other just because they are having good profits. you cannot see the market the way they are looking. yes you can learn from them but copying is difficult. have your own style.

  9. #8
    Piplet
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    Your Forex Trading tips is very important for all trader.

  10. #9
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    Quote Originally Posted by HENRY FOSTER View Post
    I have noticed that experienced traders also looses money when they put emotions in trading, so its good to set our emotions aside while trading forex.
    I'm a sociopath, I have a low level of empathy, but I noticed that most people take too close to heart their success and failure, which hinders them in almost everything.

  11. #10
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    trading is good and make money very good

  12. #11
    Moderator cool user Resolve's Avatar
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    Quote Originally Posted by GGaranti View Post
    trading is good and make money very good
    When we are doing our trades we need to make use of such a trading strategy that is reliable for us. If the trades are being done with a good trading plan then the income we are going to get from such trades will also increase and make us more profitable as a traders.

    This is important if we want to become a Full time Forex trader and need to know and learn the various skills that are required for getting the success.

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