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Thread: Tips to learn forex

  1. #51
    Angel candy is offline Senior Member
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    A broker is also part of our learning process. When we learn, we also learn that how we are going to deal with a broker in a market so that we can invest our money in safe hand and trade freely.

  2. #52
    Mark M is offline Senior Member
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    The 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. We can make profit very rapidly by using leverage if we have real money managing plan.

  3. #53
    CaptainJack is offline Senior Member
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    Yes, Selection of good broker is a very important part of the Forex Trading and on this only depends our fate and we should never blame others if we lose, as after all getting involved with such broker was our decision.

  4. #54
    Angel candy is offline Senior Member
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    Right, trading does not depend only on a broker selection or broker's offers. The important thing is that you have to understand the market and learn what you are going to do in this market so that you can earn reward of your hard work.

  5. #55
    CaptainJack is offline Senior Member
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    Quote Originally Posted by Angel candy View Post
    Right, trading does not depend only on a broker selection or broker's offers. The important thing is that you have to understand the market and learn what you are going to do in this market so that you can earn reward of your hard work.
    Yes, and we should develop our skills and gain atmost knowledge and experience that we can to survive in the Forex Trading and trade on with our own skills.

  6. #56
    Angel candy is offline Senior Member
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    Quote Originally Posted by CaptainJack View Post
    Yes, and we should develop our skills and gain atmost knowledge and experience that we can to survive in the Forex Trading and trade on with our own skills.
    That is no doubt, we have to learn first when we think about any work or business because without any knowledge we are nothing in the work. And we can not do without knowing the work.

  7. #57
    CaptainJack is offline Senior Member
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    Quote Originally Posted by Angel candy View Post
    That is no doubt, we have to learn first when we think about any work or business because without any knowledge we are nothing in the work. And we can not do without knowing the work.
    Yeah, but there are lots of traders who think that they cold just enter the Forex Market and make a good fortune quickly and easily. The won't be able to survive for long in the market.

  8. #58
    Mark M is offline Senior Member
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    Even though high leverage can bring profit very rapidly, but according to me, the traders who are particularly newcomer always should avoid this due to lack of exact money managing plan . because , despite of having up to leverage 1:1000 thatís not possible at all to make profit with certainly , if you donít know how to manage money.

  9. #59
    CaptainJack is offline Senior Member
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    Quote Originally Posted by Mark M View Post
    Even though high leverage can bring profit very rapidly, but according to me, the traders who are particularly newcomer always should avoid this due to lack of exact money managing plan . because , despite of having up to leverage 1:1000 that’s not possible at all to make profit with certainly , if you don’t know how to manage money.
    Leverage is the double edged sword and thus it is not for the newbies to play, they need to first obtain knowledge and experience before using such strategies, as it could lead you to the total destruction.

  10. #60
    Sobahan Ali is offline Senior Member
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    If you are not concern about risk management issue then you may not get good result from your profitable trading strategy! The main task of RM policy is, recovering losing trade positions! I know a successful Forex trader who produces only 65% accuracy from his trading strategy but till now he is making enough money around the month, because he maintains RM rules so smartly!

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