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Thread: forex without Experince

  1. #71
    Nadilapars is offline Banned
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    Quote Originally Posted by Mark M View Post
    Teach something especial new is really good for trading. But besides teaching we the traders have to practice to see the performance. I have seen so many traders always teach , but never can profit at all. I think the main reason is not to practice well. I use demo account for practicing my trading and that I have learned.
    besides we learn the management and control in forex, we should also learn to do a good evaluation in order to improve its performance, and as long as we continue to run it will help the planning and also the strategy so very profitable, and to try it we can learn in FXB Trading demo account

  2. #72
    CaptainJack is offline Senior Member
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    Money Management is different thing, but if you want to survive in the Forex Trading, you need to have a proper amount of experience also and thus if you want to make sure that you make some good money in Forex, you will need to have a good amount practice.

  3. #73
    Angel candy is offline Senior Member
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    Trading the Forex market can be a very rich and rewarding experience for those who start from a solid foundation. For those that jump in head-first with no previous training and no pre-defined trading plan, disaster is only a trade a way.

  4. #74
    CaptainJack is offline Senior Member
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    Yeah, a good amount of knowledge and experience and skills are needed to achieve success in the Forex Market.

  5. #75
    thinkpad954 is offline Junior Member
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    If you have not enough experience in trading you can try Forex managed accounts. The experienced trader will control your investments.

  6. #76
    Ajes is offline Member
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    Quote Originally Posted by thinkpad954 View Post
    If you have not enough experience in trading you can try Forex managed accounts. The experienced trader will control your investments.
    These are good but I have some reservations before now on such accounts. The reason is because I was thinking they cannot be trusted since you don't know how it will turn out or the results. I felt it was more like handling your funds to another without foreknowledge of whom or what is happening.
    But later came to understand what it all entails after a friend explained more on it.

  7. #77
    Ajes is offline Member
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    Quote Originally Posted by mlawson71 View Post
    You need several things to be able to trade well - knowledge, discipline, a trading plan, and yes, experience.
    The discipline is paramount if we must succeed in the market. Sometimes we might come to great wins or profits, and might lack the discipline to control our emotions and might trade blindly all in the hopes of winning again or using same strategy which might not work as well as the first.
    Discipline will help us sit back and think before we make our next move.

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