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    Thread: How to become a forex trader

    1. #1 Collapse Post
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      Mirza00786 has a spectacular aura about Mirza00786 has a spectacular aura about Mirza00786's Avatar
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      Post How to become a forex trader

      Anyone with a little money and patience can become a Forex trader. However, the skill and patience required to become a successful or profitable trader requires limiting losses while identifying good trade set ups with a positive risk.
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      Forex trading is accessible, exciting, educational, and offers traders lots of opportunities. Despite all this, many traders fail to learn how to become successful traders, and don't achieve good results in this market. In fact, a high percentage of Forex traders are losing money.

      A trader is someone who places orders on the market, sometimes on behalf of financial institutions (big banks, investment funds, hedge funds), or other times, as an independent trader. Exchange orders, such as purchasing or selling stocks, are either in the trader's own name, or on behalf of clients or for the financial institution or broker that employs them.

      There are several categories of traders depending on the traded markets: foreign exchange (forex), equities, bonds, metals, coffee, meat, etc. In today's world, there is a trading market for almost all goods (meat, coffee, etc.) and commodities. Most existing contracts are settled in foreign currency, and do not deal with physical delivery.

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      I again repeat if you become a professional trader then start from basic learning and step by step to experience and advanced level. Specially start from demo trading which is base on virtual money and provide us a real trading environments. That's why build your plan and strategy on demo.

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      A broker is somebody who spots arranges available, now and again in the interest of monetary establishments (large banks, speculation reserves, flexible investments), or different occasions, as a free merchant. Trade orders, for example, obtaining or selling stocks, are either in the merchant's own name, or in the interest of customers or for the budgetary organization or expedite that utilizes them.

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