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    Thread: What ways can unskilled trader make money from forex?

    1. #1
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      Default What ways can unskilled trader make money from forex?

      The huge advances in information technology has made it possible, among other things, for even a trader with little or no skills to trade forex. What ways can an unskilled trader make money from forex market?
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      I will never be easy for an unskilled forex trader to earn money from the forex market because that is not how things operate here, he will only be left with disappointment which will not be convenient, trading needs some amount of training, this consequently takes time, you don't just wake up one morning and decide that forex trading is what you want to do without undergoing some serious training from a professional forex trader or a website that offers free course, this is just how we end up giving ourselves issues which ought to be avoided, learn before the earning can come your way, it is not the other way round.


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      The usual advise that i always give to a Forex trader that does not have the necessary skills to successfully trade the Forex Markets until they have been able to amass both Theory and Practical knowledge of the Forex trading business, A Forex trader does not need to be in a hurry to make Money, Rather they should either invest with others or on their own decide to start learning Forex trading gradually until they can be able to start making their own consistent profits through the knowledge that they have acquired over time.. Such an unskilled trader should focus on PAMM investments or ForexCopy investments of top Forex traders and rely on it as a way to make their own Money.


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      Well the question I will like to ask is will anybody enter an aeroplane that is been flown by a trainee or worse still someone who does not have any knowledge about the aviation industry and have never been to the school of pilot, well if the above answer is an obvious no, then I don't see why anybody that is not skilled should trade forex.

      This business requires a specialist skills which can only come after we have learned about the working through the demo account and start with a small amount like cent accounts, there is always practical aspects before we can experiment with our live money, don't trade without the acquisition of the necessary skills, it is dangerous.


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      skilled trader can make profits from Forex more than unskilled trader so any trader can make profits from this business but if he trade with low risk and money management to survive for long time in this business so if unskilled traders traded with low risk and money management without any greed or high risk for making for example 10 % monthly they will be able to make this 10% monthly easily with very low risk because they will need only to make 0.5% daily .

      So any one can make profits from this market even if he doesn't have good skills but this only if he trade with low risk and money management and small monthly target because this help too much in the surviving in this risky market .


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      With the advancement of technology, it is now possible for the masses or unskilled trader to earn from the forex market. In the past few years, there have been new and exciting advancement in the forex industry and that is the introduction of social trading.

      Social trading is basically a service that allows investors to replicate the operations of expert traders. It is a simple and straightforward process where investor will search for potential expert traders that they wish to copy based on their preference. We can define our initial investment, risk appetite and the type of traders that we wish to follow simply by checking the trader statistics which will be displayed publicly on the social trading website.

      With social trading, instead of learning to trade ourselves we need to learn and understand how to choose a good trader to follow.


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      in the past, it is not easily possible for an unskilled trader to make money from the high risk currencies business. but this days, as advancements multiply in the worls even unskilled traders could make good income from the forex trading business.

      the unskilled investor could find a good trader who could trade well to invest his money with.

      there is the possibility of the forex copy system which is provided by most major forex brokerage firms.

      there is also the pamm system of investment which makes the investor put his money in a kind of pool with the intention of earning good profts from the trading activities of the pamm manager.
      ''Too many times we settle into a set way of thinking and accept limitations that need not be placed on us'' -John C. Maxwell

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      An unskilled forex trader should seek for the right information before making a move to start earning from the forex trading business because this initial part is where many people often face challenges, I will give a recommendation that every newbie that does not have the required skills to come here at forum.mt5.com to learn from those with real live experience, you will see the passion with which many other members will teach you how to be a successful trader, there is no excuse for anyone to claim that learning forex trading is not profitable or difficult because there are many platforms through which we get our knowledge.


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      It is possible with the help of advance technology.and "a unskilled forex traders should don't follow the forex traders rule"before joining and earning the money within of the forex market .and unskilled traders before making a money from forex trading.because the initial part of the forex markit is that'where many faces are given open challenge on forex trading'.i will give a recommendation for a newest traders are following and learning forum.mt5.com.rule. Than,thay are getting very benefit for every traders.


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      The forex business is a very funny place to be because you will not be stopped from investing when you actually don't have the requirements that will ensure that you are successful, so getting skilled is not an option for anybody, and unskilled person will pay dearly for his lack of information here, forex business is a venture for the serious minded that believes in hard work. We all need to work harder if not this market will just mess us up through consistent losses, that would be very disappointing because you will not have the right consciousness anymore for doing the right thing. Those that are not well prepared or skilled will basically depend on gambling and luck for success which unfortunately does not work well.


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