HarryPotter

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I think that our experience in trading is the most significant to find other learning we will have in forex. Not all knowledge can just be found in only the reading but also when we do or implementation and application of such. It's the hands on learning where we usually understand more the market that we can't write down or explain well.

When we have enough experience in forex then I think we can spend our time as professional trader in forex, if not then it is better not to spend your time for nothing, I mean spend your time for what you need in forex, when you are newbie so you will improve your skill efficiently.

I see that trading plan is the difference between being profitable or not which is why its actually very important have one if you want to increase your chances or being profitable. Without one you are unlikely to make consistent profits out of your trading and therefore would just encounter losses along the way.

About me I see that there are no shortcuts to success in forex. The best and the most important way to earn in forex is through complete forex learning and through continuous forex practice to make our trading skills are better and more better.

Well, in forex trading, we will not simply have to trade with the capital in our trading account but to understand our different emotions and how to manage it properly during our trading. So, this is important because of the interference in our decisions and trading, although this is not simplest but the only way to proceed on strengthening our trading strategy.

The slightest chance that we get every day should be utilized as well as possible especially those of us who only have a small capital which is not possible using a long-term strategy to gain huge profits must be smart to take advantage of existing opportunities, however small profit we get every day, but with persistence and patience in the end we will get maximum results.

Indeed there is incorrectness of your words, for a newbie who does not know the true meaning of the forex they can say that forex trading with gambling, where we put our capital in a position and then wait to see if we win or not, it's the outline for newbie do not know the true meaning of forex.

It will be not easy to trade even in one pair because, we should learn the pair and it's relationship in other pairs which have directly effect in the said pair. It's obvious that we need to learn about other pairs to have better trading because; we will just have limited information in a certain pair which we can't maximize the potential of making profits.

An initial investment of $50-$100 would be a good start. In this way you can easily see your money grow than investing in small amounts. But you should be aware that you could last that capital but not instantly. Psychologically it also helps your mind compensate with a loss because you still have some money remaining than start in small amounts and get wiped out from the start.

In forex trading God give us sense of comprehension and learning ability, I do believe that with right nurture of our own skills we can actually make good profit in forex trading. I do love to trade but I did loss lots of money in forex trading before I even earn good amount of money in here. Believe me in forex trading it's hard to make a good living if you don't know how to adjust and anticipate price movement.

I spent about 3-5 hours only on daily basis trading with scalping, and the number of trade I will enter is about 21-22, and I will also spent 2 hours learning new things with respect to forex, after this I will close everything that has to do with forex for the day and went in for some others thing, and am not retreating it because as before when I used to spent the whole day on trading I always run into loss

Well, traders will be unable to control their own luck and what they can do is keep to enrich their knowledge about forex and experience in trading. With that, trader will able to predict price movement more accurately and execute order more logically. Ignore the luck factor and keep stick with the factor that able to make traders success.

I see that you have to always be realistic at the same time though so that you don’t end up crossing the line into greediness. Like in every business you have to start somewhere and work your way up because the aim is to make more profits in trading but within realistic terms while you improve your trading skills.

It will be useful if traders plan to make order with higher lot. But if already satisfied with the current lot order and not plan to add it, then compounding is not necessary. I prefer to compound the profit I get because I want to make my deposit money increased and plan to make order with higher lot.