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

    1. #11
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      If you are in the beginning to learn Forex and do not have good skills this is normal and not to worry just continue to learn and training and over time you will be able to trade successfully and achieve the appropriate profit
      Now also there are some ways to get you profit without trading yourself
      For example, the Forex copy System in Insta Where you can copy deals for the best traders .
      you will find hundreds of projects from which you can choose the appropriate capital, risk ratio and profit rate .
      Also in the section Trading Journal Here in the forum you will find experts in trading that provides market analysis and trading opportunities where you can benefit from them and also learn from their trading method.


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    4. #12
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      An unskilled forex trader is a risk to himself because he will just lose the money he is trying to make from the forex market, we should not give the suggestion that it is possible for someone to earn without working for it, that would be encouraging laziness in the midst of traders especially the newbies. What we require to succeed in the forex business is knowledge, you will never attain some great zenith without paying your dues.

      The only option available to an unskilled forex trader is to use greed and luck which unfortunately does not make him amount to much. If you always engage with greed, then you will make money that can even cause you to double you investment in a day but at the end of the day we will see that the same money will be lost almost immediately.


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    6. #13
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      What ways can unskilled trader make money from forex?
      It's very tough to get profit for a skilled person to ensure continuous profit from Forex market. Because Forex market is the most volatile market than other businesses. To make profit experience, good knowledge, capital, patience, effective trading plans are essential.

      While it's not sure for skilled person then how could you think that an unskilled person could manage profit from Forex market!!! It's not a playing ground. It's a business. A tough and real business. Without proper trading knowledge you can't never prosper in life with Forex trading.

      The only way to make money for the unskilled person is investing. You can invest your idle money to any expert trader. Instaforex is offering an outstanding source of making profit for the unskilled person. PAMM-account with Instaforex company. You may visit this link for further details- http://forum.mt5.com/showthread.php?...aForex-Company


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      unskilled will never survive this business if they try to manage their own investment in forex trading business. there is no chance a trader with minimum skill and also experience can survive and also manage their money because here in forex trading business field there are so many things that involved and the way we must do the business must be well managed and also the skill and experience we have as a trader is becoming one of the most important thing that we need in order to stay profitable and also being able to really control our risk and able to gain some profits, but if an unskilled trader wants to gain some profits from this business they can start doing their thing by joining some copy trade programs so that they can follow a certain trader's trading signals to gain profits from.


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      There are several ways by which an unskilled trader can benefit from forex viz;
      a. PAMM- this is a program whereby one can place his or her account in care of a successful trader of his choice and the profit is expected to be shared based on agreed proportion
      b. Forexcopy- in this a trader is free to copy the trades placed by a successful trader of his choice and he is free to change the trader at will
      c. Bonuses- Everyone is entitled to different kinds of bonuses made available by brokers when a specified deposit is made and in many cases there are no deposit bonuses
      d. Forum- In this making contributions an unskilled trader will end up learning a lot from the forum in the area of forex, get money to trade and even withdraw-able monies in case of a contest like BEST ANSWERS .


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    10. #16
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      The unskilled trader also can make money from forex but first of all we have to know that how much unskilled is that trader. If he is a beginner or trading for few months he should not give up trading. He needs to find a perfect strategy for him and keep trying. On the other hand if a trader is trying for years and still can't improve himself that's the moment he might have to decide whether he needs to continue or find other options to make money from forex. He can invest in other peoples account who are doing well, it's called PAMM but still he needs to check the track records of that trader and decide rationally which traders he needs to invest. Choosing the trader is the key to success in PAMM. Not all money manager are good some don't use stop loss and some risk real big. There are also other way to earn money from forex like working with the brokerage can also helpful for the unskilled trader to earn money.
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    11. #17
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      Infact you are right there are many ways a trader work less experience or knowledge can benefit or make profit from the market because the technology now has make everything easy.

      1.Trading with signal provider : this is the most popular way such trader so trade the market, all the signal provider will send to them is buy or sell calls at a particular market price and including their take profit and stop-loss.

      2. Forex copy : this is also like signals but it's in an advance way, it's just a way of copying all The trade of a professional trader while still have access to our account, once the forex copy is set, then the rest is automatic

      3. Investing with other professional trader, they will trade on our behalf and they will be given fair percentage of the profit made with the account, that's all.


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    13. #18
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      I think there are no way for unskilled trader for makes money in Forex. Because Forex is a business and here have profit and loss. So if a trader want to makes money in Forex so at first he need to makes a expert trader so he can makes money in Forex.

      So I want say that if a unskilled trader want to makes money in Forex so at first he need to achieve good skilled by know all knowledge of Forex and practice more and more. If he can makes a expert trader so he can easily makes money in Forex.

      I think this only one way for unskilled trader for makes money in Forex and every unskilled trader at first trader should do this than try to makes money in Forex so he can makes in forex.


    14. #19
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      If any person tried to become a skilled and experienced trader and in the process they find themselves in negative performance and realize that its not the cup of tea for them but they want to make money then also ,there is obviously way for such category and that is to follow PAMM Accounts because here we can invest the money and just close our eyes to earn some good return per month ,just we should be aware that we should select the best one so that our investment should be positive .

      Another way to get good return is to trade with good and effective EA because with that we can make some very sound profit just sitting idle ,here its a tip that the selection should be done after practicing in the demo account only because that actually proves that EA is working properly or not as we can be lured by seeing some edited payment proof which is not at all sufficient as many fraud people will want us to invest under them in specific broker sites.


    15. #20
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      What ways can unskilled trader make money from forex?
      judging by the nature of the their ways of trading Forex trading market, its very difficult for an unskilled trader to make profit from the Forex market, because at some point our knowledge will always come into play, but still yet, people without knowledge can still make profit from the forex market, though in as much as they may lack the knowledge they will definitely must have pretty good capital for this to happen.
      i think set of people are what Forex copy is built for, such trader can register for for Forex copy after opening a live account, of which he/she will choose traders they will like to follow or copy.
      There is also PAMM service, this way such trader account will be totally manage by a pamm manager, while some percentage of the profit will be allocated to them on a monthly basis.


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