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Baazex

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Everything posted by Baazex

  1. You cannot get the real feel a trader can get while trading live ,you can spend one months or one year in trading demo account then move to real account. You need to make an aim for reaching on demo account, then you can move on real account.
  2. You can spend 1-2 months or 1-2 years in trading demo account then move to real account. You need to make an aim for reaching on demo account, then you can move on real account.
  3. Trading is a serious business and Loosing in trading business is a part of this business proper plan and risk management with complete trading knowledge and market research are the factors to avoid possible risks.
  4. Trader should have a good command on risk management strategies , must be patient and constant in the planning and moves.
  5. Forex trading is no doubt amazing but trader have to be very wise and experienced always ask an experienced traders help best thing about forex is the freedom
  6. In order to succeed in trading you need a trading plan, in other words you need a business plan you have to be very focused on that what do you need to implement your strategy and how do you intend to carry out your plan.
  7. Trading is something you can master only after enough learning and experience the traders makes major mistake are being Impatient, ignore the importance of demo account trade , jump in trade without capital and being impatient and making emotional decisions and taking emotional steps
  8. Learning is the key , the more you learn there are more opportunities to earn ,To be successful in trading controlling your losses is even more important than hitting more winners than losers. A good trading plan is crucial to your success as a trader. Face it - without a plan and a rules-based approach to trading, you are simply trading by the skin of your teeth. It may seem to work for a while, but self-doubt and/or greed will ultimately get in the way of being consistently successful .
  9. Forex trading is not as easy as people think but yes the freedom it gives is truly a life changer , Some new traders who are working full time jobs which can limit their time and effort for trading Remember your success depends on you as much you will learn and experience Never just buy and sale based on price only , plus too much focusing on win rate may also lead you towards trouble trading without proper plan may also discourage you FOCUS PATIENCE & RISK Management will lead you towards desired goals
  10. It's better to select to a broker that is regulated a good broker is like goggles for a swimmer , If you choose a regulated broker your money is in safe hands though loss is a part of forex trading business but still working with a regulated broker is safer and needful check your broker is regulated as per your country laws or not before proceding further.
  11. Right trading strategy can take a trader towards success and desired goals with an excellent risk management plan , setup the goal , focus be patient and stick to the goal and plan.
  12. Patience is the main key to trading success, Patience is the most important thing a trader should have trader must be decpline to wait for the time according to the strategy to move further. Ignoring the strategy a trader has made for him will only result in loss risk for him .
  13. Forex trading is a serious business so whatever may be the market is , trader have to always prepare for the market before the trade in advance, be clear in the moves which you are going to make in the market.
  14. Be patient and constant , learning is the key in trading you must have a flawless trading plan with strong risk management. Consistency is must in forex trading business and sticking on your plans will lead you towards your desired goal.
  15. We all have the human tendency to be overtaken by emotions.When we screw up we have a feeling of loss, and even a sense of denial. We wish we could undo the mistake. Going through such a thought process is understandable. It is what you do about it that matters quitting is not an option Successful traders learn to keep emotions under control. Emotionally driven trading decisions lead to trading losses. It's imperative that you do whatever you can to prevent your emotions from interfering with your ability to trade calmly and purposefully. Disappointment and regret are two emotions that interfere with good trading. We feel disappointment when our trades lose. We feel regret when we think we have made a poor decision that might have been avoided.
  16. Be constant make a proper plan , keep focus on risk management and be patient Forex could be a very profitable business for you just be constant , focused and patient
  17. For a successful trading career you have to work step by step first learning , create a plan , focus and stick on the plan and make sure its accurate and according to the risk management aspects
  18. Traders who are looking to make a change in their career are trading full time and taking it as a full time job however, some new traders who are working full time jobs which can limit their time and effort for trading Remember your success depends on you as much you will learn and experience that much you can earn
  19. If you go into sales, your career progress will be all about clients, Risk management and market analysis is mandatory.To be a successful trader you must have enough capital and not invest when you’re in debt you can start with small traders , small steps become leads towards achievements but without having sufficient capital you can face emotional disaster so make sure you have sufficient capital to kick start
  20. The better you learn the more you earn , trade with demo trading account though demo account trading is not realistic enough as you are not using real money and you don't have any emotional connection with the money because its dummy and it dosent matter either you loose the amount but if you have some money in the liv account you have actual emotional connection you have a feel how market goes but still I would suggest to start with demo account because it will build your decision making power once you master in it you can go with real money.
  21. If you are a trader you must know that losses are part of trading business. So in my opinion it is better either to pause trading for a while to figure out what went wrong or make a detailed action plan for future trades and than after figuring out start with more energy .
  22. Looking for Success in trading is just like success in anything else its about taking small steps prepare your self start your day deligently for the whole day keep the routine for next day , emotions may hit very hard in trading business as it effects the traders decision a trader have to keep strong market observation and make right and on point decisions without any emotional pressure.
  23. When participating in Forex trading it is important to keep things real, go for a regulated broker with realistic claims
  24. Choose a regulated and licensed Broker ,don't go for a broker make non realistic claims,Be wise in choosing broker check the regulation deeply it should be regulated within your state or region required perimeters.
  25. To be a successful trader you must have enough capital and not invest when you’re in debt you can start with small traders , small steps become leads towards achievements but without having sufficient capital you can face emotional disaster so make sure you have sufficient capital to kick start
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