Search results

Agreed! Money management approach must also be focused on by the traders as without it one would not be able to minimize the risk concerned while trading with real money. All the traders cannot afford huge loss of money and then still continuing to trade.

Thanks Alex. :) Good luck to you too.

Thanks Alex, for sharing the knowledge. I will surely work upon this and will try to gain as much knowledge as I can.

Yes Alex, I’m working on that only. Can you help me in figuring this out? Like how can I decide about whether to trade for long or short term.

I have some plans but I’m myself not sure whether I will be abiding by them. That is why I’m exploring and gaining knowledge so that I can decide about my trading plans properly and can execute a well developed plan.

No worries. I’m a newbie and just exploring the market and understanding the concepts of the market. However, in near term I will be trading in real account after gaining due knowledge of this market.

Not really. But i have just shared my viewpoint with him as well as other people. :)

yea ofcourse. like coin everything has two sides, it upto our knowledge and ability to forecast that how accurately can we predict and earn the best from it.

Right. Forecasting and expectations are the core essentials of the forex trading. One who can predict the market more accurately will be able to make more gains. Having a right foresight of the market is truly advantageous and this can be gain only through desired experience and knowledge.

Yeah Right. It does make sense. We need to be very cautious and must have proper knowledge of why we are making this particular trade.

Hello sharabela. Nice to hear from you again and yes you are right technology has made everything very feasible. Good to hear that you manage your trading along with job very well. I wish you good luck for your trading and hope you make huge gains.

Yea, this must always be considered that risk is worth taking for. Needless risk would definitely lead to loss of money.

Yea, obviously it will be better. But how we can deny the fact that more risks means more gains.

Yes, but isn’t it a plus point that we will only owe that much amount that we have invested and also margin call is an indication to close the positions.

Hello, Being a newbie, first and foremost you need to understand about the forex terminology and how the forex market works. For this you will get lot of information online; however you can also refer Babypips School. So far it is the best place to learn. Then, you can try for demo accounts...

Yes it is quite possible. Can you please explain this concept of owing the brokers fund? I’m not able to exactly relate with it.

Thanks freezfx Truly. Newbie’s are the ones who get affected by the tempting leverage offered by the brokers. They need to understand this fact and know that starting with small deposits are best suitable and can help them grow their profits more efficiently.

This is the best way to start a live account with small amount initially. As even if you get adequate experience trading in demo; you do not get the feel of trading with real money. So, opening a small account is the best possible way. By this you can get more better understanding of forex...

I agree that Forex income is highly uncertain. But I feel doing trading with job makes your schedule very hectic as in we are not able to fully concentrate on one part. However, all it depends upon the personal interest as you say part time trading fits best for you.

Hello Sharabella, I would like to know that since, you are trading part time for 6 years and you have gained lot of experience till now. Have you not thought of being a full time trader? As being a full time trader would allow you to enhance your trades and earn more profits.