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  1. #1
    Sophia is offline Banned
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    Oct 2012
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    102

    Default Early success in forex

    There are so many examples of new traders who get lucky on the beginning of their trading so they made some good profits. For the beginning trader it is much better to have really limited success at the beginning or even experience some losses in order to stay away from the early success

  2. #2
    legit is offline Banned
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    Default

    I consider early success in forex trading a bad luck. Its not a success by any means. A person after entering forex market if gain a lot of profit then he thinks forex is easy and this is where trouble starts.

  3. #3
    Saska is offline Banned
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    Dec 2015
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    Default

    The secret of the success of the first novice is very simple, it does what it should do all traders, namely where there is a trend to watch and follow him.

  4. #4
    megaone is offline Banned
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    Dec 2015
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    Default

    It is not a real success if a trader gets it too early. It can be luck. Those who make big profits in start won't become able to understand forex market properly for a long time as they are remained in a illusion that forex is easy.

  5. #5
    Join Date
    Nov 2015
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    31

    Default

    We the traders in particularly the newcomers try to achieve success from this market place without learning. As a result almost 90% traders are loser from here due to lack of exact trading knowledge. So, we the traders have to choose in regulated trading brokers which make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities.

  6. #6
    tama is offline Senior Member
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    Default

    are we talking about begginers luck? it doesnt exist, and with that said, the hardest part in forex is not EARNING its BEING CONSISTENT thats whats really difficult.

  7. #7
    kxforexmart is offline Junior Member
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    May 2016
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    Default

    Early success in this Forex field is a very good thing but frankly for that we shouldn't get over excited as here traders have to show their performance in a consistent manner ,otherwise the luck can change at any moment so that target can be reached as per plan .

  8. #8
    Xandra is offline Banned
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    Aug 2015
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    Default

    If it is simple enough to lay out into a program, I would do that. I would also see what would happen if you were to backtest this strategy over the previous 3-5 years. If that happens to still show results, forward test until you feel confident. Depending on what pairs you are trading, I would add 1-5 pips of slippage on your trades to see what happens.

  9. #9
    Angel candy is offline Senior Member
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    Mar 2016
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    284

    Default

    I think early success can wash out any newbie's mind which can make him to trade wrong and as soon he earn profit he will loss the some way.

  10. #10
    CaptainJack is offline Senior Member
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    Jul 2016
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    India
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    Default

    Yeah, there is not way to gain easy success in any business, Not especially in Forex. It is a quite complex market and you need to learn a lot to become successful in it.

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