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arsii619

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Posts posted by arsii619

  1. what i advice to newbie try not to do long term trading because this requires a really big sl and tp levels. which i think newbie or small capital traders may not bear. although newbie can depend on small profit and small risk in other words short term trading for their starting in forex trading.

  2. greed is one of the biggest hurdle between you and success in forex trading. i have lost many times just because of this greediness. it is really hard to control this emotions. but i think there are many ways to control this emotions, we have to practice and get more and more knowledge on how to get control of this emotion during trading,

  3. forex trading is getting much popular then stock trading. though there is not much difference between forex and stock trading but the amount of capital required in stock market is much higher than forex trading as compare to risk also. so most of the newbies and professional traders are forex traders rather than stock trader.

  4. my advice to them that they should not invest their whole money in only any one broker. they should took some part of it and try to invest with different brokers and should test and find out the best brokers among them. sometimes a certain brokers may cheat you with whole of your money. so its better to invest with different broker instead of only one.

  5. The best advice for the newbie will be that they must first learn and practice the forex trading in demo accounts. because forex is really a risky business. if you start it without any knowledge just want to earn a lot money than you are going to loss everything you are going to invest.

  6. Brokers earn in the way the difference between the buy and sell price is the spread which is the basic income of a broker. you have seen many brokers have different spread they have their price set. other way to earn is their commission on some stock and commodities.

  7. support and resistance is one of the great tool from which we set our Take profit and stop loss position. they are the points where we open and close our trade. many of the professional trades depends on support and resistance level. they are really helpful and profitable.

  8. this is really a useful post. a newbie must and should read some books for trading before going to real trading. they would have then clear the concept of forex trading and they will get good knowledge about forex trading. I would suggest to go to babypips.com. here you will learn the basic and advance of forex trading.

  9. i think if one is only dependent on this strategy may or may not be in profit every time but i am sure he will make some but good profit with the time. but i think scalping is not good every time. we have to get more knowledge and should good make and big profit by time.

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