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Thread: In begining forex is difficult but not impossible to get success

  1. #1 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Default In begining forex is difficult but not impossible to get success

    In the start of trading traders take it difficult to get success in Forex but after doing hard working and continuous hardworking they start to get success in Forex and there are some steps to get success in Forex.


    1st Step
    Learn and collect as much information as possible related to foreign exchange trading in the Forex market. It is very easy to get this information either through articles on Forex websites or through books specialized in foreign exchange trading, forums or YouTube.

    2nd step
    Obtaining a course to learn how to trade in foreign currencies, and it is possible to obtain this course either through the Internet or to go to one of the training centers specialized in giving such courses.

    3rd step
    Start using the demo account to trade in the foreign exchange market for a long period of time, and do not rush to open a real trading account. Take adequate time from training, preferably six months at least, so that you can finally gain all the experience and skills related to foreign exchange trading.

    Using the demo account for trading in the forex market is a great tool to learn to trade properly, as you can do all the trading operations that take place in the real trading market, but without having to use your own money, which may suffer a lot of loss, especially at the beginning of your journey in Forex market.

    4th step
    Determining your own plan or strategy that you will rely on when you start trading in the forex market, as trading without using a tight trading plan is just like going out into the sea without learning to swim. Random, unplanned and pre-measured trading often leads to absolutely unwanted results, and for this reason, you must first define the plan that you will follow when trading.

    After following the previous steps, you should in the end be careful when starting actual trading in the forex market, and that you trade patiently and not rush profits.
    Sohnikuri Trading Journal.
    Visit my Trading Journal.
    https://forum.mt5.com/showthread.php...rading-Journal


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    pashaloohar (08-04-2021)

  3. #2 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Demo account help you in learning trading practically with free of cost. With demo account you can jump into real world of trading without any investment and it help you to improve your quality and skills. You can implement your knowledge into demo account to check your knowledge. Demo account also helpful for old trader because if a old trader do any mistake in real trading then he/she can improve it in demo account by practising with right way. So in my opinion demo account is helpful for both new trader or old trader.

    demo account is more helpful for getting experience you will do more and more practice on demo account and gain knowledge through it. When you are newbie and you don't have any idea related to trading so it is important that first you must do practice on demo account before start to do real trading trasinf. You must have good trasing skills and you can gain it by doing more and more practice on demo account.

    We need experience for trading from demo we can get experience. if we have good Experience, we will get good profits too.because forex is the best peofitable sbusiness. if you earn profit once and then you continues face loss this is not good for you, so it is good that if you had good experience about Forex business then you can earn good profit from this business so yes profit depend on good experience.If you have good experience then you can earn good profit from this forex forum. So keep work hard and increase your trading skills and get good experience so that you can earn good profit from this trading business. friend when we have a good experience and knowledge and skills also then we will be able to get a smart Profit from the market.


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    Knowing the right and the right timing are the main secrets for the success of forex and any client with good knowledge and the right timing in this type of trading definitely goes to the winning side always and in recent times, money flooded the forex market with wealthy traders, which makes it look beyond the power of a regular trader. And trading units in the first years were very large in dealing with them by the average investor and foreign exchange brokers erupted, retreating those units trading between large banks, and allowing more people to participate in such kind of trade and to know the secrets for the success of forex we must analyze Fully and understand the basics of it.
    Forex trading secrets

    And in the foreign exchange market, currencies are traded from one to another and are very much affected by this trend in international trade, and business elements, as well as political and current events of countries that participate in this type of trade. The country's currency may rise or fall. And expecting the rise or fall in the currencies of the countries under observation, the investor can make a profit from that and this is the main secret of the success of the foreign exchange and knowing what currency will decline against another currency and a certain profit can be achieved from that and currencies are always traded and prices are compared With each other in Forex trading and it is known that the currency that is listed first is stronger than the two, for example in USD / GBP, this means that the British pound dominates against the dollar and just an example that trading



    Another secret to success is that the foreign exchange depends on the currency that will strengthen that day and the trader can buy any of the currencies he wants to start the trade, and then once that the currency moves he may sell this contract again and reap the profits that he paid in commercial terms and Sometimes the trader decides not to execute a trade or purchase of the currencies he has in closing the trade, and this is called an open position and this is another safe secret for the success of foreign exchange in the forex market.
    The Secret of Currency Values

    Currency values ​​are good if they reach the fourth decimal place. For example GBP / $, bids can be made at 1.9534, which are sold at 1.9537. The trading profit is called PIPS meaning that is the percentage in a pip and the pip is the smallest unit of currency change in the forex market . For most pairs this equates to 0.0001 which means one A.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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