trade knowledge

Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.

 

Yes, almost trader knows forex as a risky business, but why so many traders still want to make money through this industry? because forex is, land of money, if we have good skill trading, hence we can make money start from small capital and grow to bigger money, but of course not all trader included in this specification, only trader that really skilled will to be,

 

Leverage is the most common facility in the forex market. It also makes the forex market exciting risky. When used wisely, leverage can be an effective strategy for making money in the market, but when used unwisely, it can slow down your fortune. Leverage amount varies broker to broker. It is up to the trader to ultimately decide what is best for him or her.

 

The traders who are particularly beginners don’t believe the importance of demo account at all. My trading career after passing a long time I still dependable on demo account, I use all my trading strategies first of all in demo account to see the performance how it works. It always helps me to avoid risk in live trading.

 

Those who want to enter into the forex market need to gather knowledge about forex. Without having the proper knowledge, no trader can make profit from the forex market. To make profit, it is also needed to make a better strategy with the help of their brokers. I am a trader. I am trading with Forex4you. They help me to make strategy what i need to make profit from the market. I am pleased with their trading style and techniques.

 

Stop loss is very important. Because there is no trader who want to loss his capital much. Stop loss limits the loss. Every traders want to secure their capital. By using of stop loss a trader can trade in the forex market without any tension. I am also a trader. I am currently trading with Tpglobalfx. I always use stop loss while I am trading in the market.

 

One of the most important forex strategy is to think with your mind not with your heart. Emotion can put you in danger in forex market. Another strategy is to pick up a broker which gives a lot facilities in the trading. I use Forex4you for their low spreads, dynamic leverage and quick customer service. They provide tight spreads starts from 0.1 pips. Their maximum leverage is 1:1000. They give me 24X5 customer service. So, in my trading career they play an important role.

 

Is Forex4You still available in Indonesia? I mean I never heard people talking about the broker recently. Do you guys have local depositor for depositing the funds?

 

"Without proper trading knowledge and experience, a trader may lose more than profit" .. Yes. Agree.

On the other hand .. With proper trading knowledge and experience, a trader may profit more than lose.

 

Knowledge is important to survive in here. But besides good knowledge we have to acquire the skill how to manage money in Forex , otherwise that’s not possible at all to keep survive in this volatile market despite of most powerful analyzing trading knowledge.

 

For making profit with great consistent we the traders have to depend on our trading strategies that we select according to our trading experience , due to getting profit very rapidly by and large traders in particularly the newcomers are extremely dependable on scalping approach. But the scalpers always feel uncomfortable when using it practically. Because mostly brokers don’t allow trading concept such as this.

 

Scalping is a trading policy that brings profit in a short time. That’s why we the traders are extremely dependable on this short time trading approach in particularly the newcomers. so, we the traders who are particularly scalpers have to choose the brokers which allows trading concept such as this without any restrictions.

 

I am not willing to trade with any kinds of bonus offer, because the bonus we get from our trading brokers practically cannot use in a proper way due to many restrictions.

 

Leverage is an important financial tool which an investor should consider when choosing a broker, it allows an investor to grow his market exposure to a level that exceeds the initial investments. If you want to make profit very rapidly by using high leverage first of all you have to make sure real risk managing plan , otherwise you can fall a great loss despite of sufficient trading balance.

 

If you depend on lowest trading spreads I would suggest you LQDFX which until the end of time ensures lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading techniques with scalping that brings profit in a short time. actually from all trading tools spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.

 

In Forex trading maximum traders think by using high leverage generally we fall a great loss. but in order to my trading experience I don’t consider high leverage at any risk , if there is any risk it is completely with non-sense planning and zero risk managing plan , nothing to do with high leverage at all. if you have proper trading plan including real money managing plan then by using leverage you can make profit for all time.

 

I always use SL in my trading career when I will trade in Forex , since SL is a good feature that every forex broker offering to us, I really like it since it helps me so much to gain better earning and also minimizing the risk that I get from each action that I do in forex, and I agree with Riddick that we must use it to survive from reaching MC.

 

In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.

 

All important trading tips indicate to make sure a credible broker which always ensures a secure trading environment for trading. Because for leading a comfortable trading life first of all we have to ensure the security of funds.

 

Bonus is a big deal when choosing a broker, but I have seen most of the bonuses cannot use at all due to margin stop outs.