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How to Start Profitable Forex Trading


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158 replies to this topic

#1
ellliottt

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Forex market is the world’s largest financial market, where millions of transactions take place everyday. Today all types of investors, whether big institution or individual trader can easily start profitable forex trading. Nevertheless, the important point to understand is that beginners in fx trading must have a forex active account, which is provided by forex trading broker, to start forex trading. Besides this, today many forex brokers offer forex demo account so that the beginners can also virtually learn the basic functionality of a real forex account. The fx demo or practice account holder can virtually deposit money in his or her account and may even enjoy forex trading without any fear of financial losses. With the help virtual money of domo account he or she can also buy and sell foreign currencies. Therefore before starting a trading in fx market it is advisable to open forex demo account to get the real experience in forex market and test your trading skills without any risk. When you gain the sufficient experience about fx trading through forex demo account, you may open a live trading account and do actual forex trading.
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#2
wasi90lkv1

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i think before you start to do forex trading, you should be members of some forex related forums and get tips from forex experts. you can also read forex related articles and probably buy forex related software.
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#3
mundi

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I think we should learn and practice a lot before joining the forex trading ... must be the best preparation for the results can be profitable
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#4
sirwilly

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For sure, it is expedient to learn Forex before live tarding. A sure way of doing this is by using a demo account. These are practice accounts that portray the real situations in the Forex market but at no cost to the trader.
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#5
Adnan

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The best way to start profitable trading in Forex is through learning Forex markets in-depth. There are thousands of forex articles available online to get a trader off to trading. Continuous practice is also an important step for your success in Forex.
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#6
LRdude

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Starting is easy...learning too.Newbies should read forums like this one,surf forex sites,watch some forex videos on youtube and learn the basics like reading and analyzing the charts,when to trade and how.
Then you should play with the demo a few weeks and see how it works.But making real money is the hardest part..like in many things it all depends on luck.I think trend following is the best strategy for newbies...but its s slow way of making money.
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#7
purplegl

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Investors, especially forex newbies should have basic understanding of forex, such as doing some research on how to trade in forex through online or forex books & also practicing forex through demo account, because it is very useful for investors as well before they can gain profits in real forex trading.
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#8
budado

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Not only that we need forex forum but the same time we need to have forex account and trade using demo account and better yet real account and trade using bonuses funds. In this way you can try to study more strategy and same time earn enough knowledge and know how before trading actual/ real account.
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#9
senger

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In order to begin to profit from the Forex market you first have to learn a good analysis of the technical and quality learning to manage money
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#10
Tariq777

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Study the market and learn from the experts, after enough knowledge start with a demo account and gradually lead the stairs
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#11
pinoycity

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Learn the basics first. If possible, have someone who is an expert when it comes to forex and knows lots of good strategies to teach you. Then put into practice what you have earned.
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#12
monyitomon

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Yes, and also before you start you must also prepare yourself for the losses because a loss will comes first before the profit! Well, that is actually the case i haven't read anyone who made profit on the first trade. ^^,
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#13
pinoycity

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It would be great if you will have the chance to work under a seasoned forex trader. You will be able to know their attitudes and you might even be given information about their strategies.
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#14
riddick09

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Yes, it is sort of copying their trading styles and modify it so we can have our own strategies that will also give profit as what they did. Hmm. It is right that we need to learn their attitudes towards trading in forex as it is important to have it.
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#15
monyitomon

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Is attitude can be learn? Anyway, It will only be profitable if you have the right knowlege, experience, and strategy. To be able to gain these things you should learn lots of things first. Never rush thing as it will not give you the adequate knowledge that a must to have to be able to earn a profit!
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#16
ermaniso2011

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any person or lets say every trader has enough education for forex and have some strategies which are safe and have a trading plan with rules,can be succesful with forex.we have to be realistic always when we rae making money.l always advice to traders that when you have some earnings dont let it gone just transfer it into your other account and reserve it or just withdraw it.you will see you already have reserved capital for better opportunities.
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#17
pinoycity

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Attitudes can be learned. Difficult but possible and important. As we have all been discussing in many threads and forums, we have to control emotions. And this is an attitude.
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#18
rexway

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The other part of forex that people do tightup with which i dont know is the,aspect which people will want to take all the profit involve in forex for one day which normally result into a lot of loos,greed should be avoid in forex along side with plan followup.
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#19
rexway

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The other part of forex that people do tightup with which i dont know is the,aspect which people will want to take all the profit involve in forex for one day which normally result into a lot of loos,greed should be avoid in forex along side with plan followup.
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#20
monyitomon

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Yes, perhaps it can be learned but it can't be taught just your willingness to change your attitude. Anyway, it's true that it will be good if you know some forex trader in offline but it seems rare! I haven't across to any person in offline that doing a forex trading.
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