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Thread: Forex Advice

  1. #1
    Sobahan Ali is offline Senior Member
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    Default Forex Advice

    A number of novice traders start their live trading too earlier before completing their task in demo! Thatís the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

  2. #2
    Mark M is offline Senior Member
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    Learning is inevitable for the traders who are particularly beginners. But besides learning the beginner should take real experience about trading. And demo account is more appropriate for that. But practically the beginners always ignore this knowledgeable trading place. As a result they always fall a great trouble when trading due to lack of real trading knowledge.

  3. #3
    Mark M is offline Senior Member
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    Money Management is one of the most important pillar here! Greedy Forex traders lose their full trading balance end of the day, since they donít respect money management as well as risk management policies! On the other hand, professional Forex traders are able to recover their trading mistakes so smarty, because of using MM trading rules in their trading!

  4. #4
    Sobahan Ali is offline Senior Member
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    The most powerful leverage offered by the brokers are 1:500 and 1:1000 because the higher the leverage , the higher margin or more traders simultaneously that we can execute. Leverage is a matter of our choice for the risks we will take whether we are good for high risks or not.

  5. #5
    Mark M is offline Senior Member
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    as a newcomer, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or donít expect to get profit in the first two months. But practically mostly newcomers donít believe the importance of demo account and try to make money very rapidly without learning.

  6. #6
    Sobahan Ali is offline Senior Member
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    If you want to get maximal result by your trading strategies first of all you have to make sure proper money management policy , otherwise thatís not possible at all to make profit with great consistency despite of having most powerful trading strategy.

  7. #7
    Mark M is offline Senior Member
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    I think the best broker for scalping is a broker which is does not restrict scalping and always make sure lowest trading spreads which is very supportive to scalp in a proper way.

  8. #8
    Sobahan Ali is offline Senior Member
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    High leverage can contains high risk , if we trade without proper risk management policy , actually leverage is an important financial tool which allows an investor to grow his market exposure to a level that exceeds the initial investments.

  9. #9
    Mark M is offline Senior Member
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    According to me, You must learn a lot firstly by reading some tutorials. Try to consistent in pips school. There is a proper guide for learning Forex for the traders who are particularly beginners. And try to join a broker and open a demo account. But you will learn what you need to do in the tutorials and try to participate on this forum especially Newbie Island so you can learn more.

  10. #10
    andengireng is offline Member
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    My Advice, If you don't have enough money to trading. You SHOULD use PUSH UP BONUS 200% from FreshForex, it is a NO DEPOSIT BONUS, so you will trade without risk, without money. So what are you waiting for? Let's go to FreshForex and trading !!

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