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    Thread: What is the best way to make profit ?

    1. #41
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      Forex trading is promoted as commission free and you can enter it and pay nothing, but the fact that there are fees for trading inside Forex is known as spread. It is the cost paid within this market and is, of course, accepted by swing traders and long term. For the daily trader, these fees are not acceptable to him. So rule out daily trading if you want to make big profits. Most of the fees are paid to the broker from the trading process you may not feel if your trading is long-term. The trading plan for weekly charts requires you to perform analysis once a week after the futures markets close every Friday. You can update your charts, entry points for trades or exits, stop losses and take profit orders


    2. #42
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      t's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market. But the odds are against you, even more so if you don't prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money. This suggests that self-education and caution are recommended. Here are some approaches that may improve your odds of taking a profit.A better way of entering the Forex market is to carefully prepare. Beginning with a practice account is helpful and risk-free. While you're trading in your practice account,Two strategies that belong in every trader's arsenal:
      Diversification: Traders who execute many small trades, particularly in different markets where the correlation between markets is low, have a better chance of making a profit. Putting all your money in one big trade is always a bad idea.
      Familiarize yourself with ways of guaranteeing a profit on an already profitable order, such as a trailing stop, and of limiting losses using stop and limit orders. These strategies and more are covered in the recommended books. Novice traders often make the mistake of concentrating on how to win; it's even more important to understand how to limit your losses.


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