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5 Tips on Learning Forex Trading To Win

Discussion in 'Forex' started by StefGrig, Oct 1, 2008.

  1. StefGrig

    StefGrig Registered

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    This article is all about getting the right forex education to win. It's a fact 95% of traders learn forex trading the wrong way and lose but learn these tips and you will have a head start on the road to currency trading success.

    1. Forex Trading is NOT Easy

    You wouldn't expect it to be either with the rewards on offer - which can be life changing. On the other hand it's not hard either, you simply have to learn the right knowledge and get a forex trading strategy to win.

    Today, traders try and take the easy route in all aspects of life and they think they can buy success. All for $100 they can get a trading system which will make them $10,000 a month - The advice to these people is get in the real world.

    The good news is:

    If you accept that forex trading is not easy but can be hugely rewarding for the effort you put in then you will make the required effort to succeed.

    2. Don't Work Hard Work Smart

    Many people think the more knowledge they acquire the better when learning currency exchange - but the fact is:

    You don't get paid for effort; you get paid for being right with your market timing and trading signal and that it.

    It doesn't matter if you spend 20 minutes on it or 20 hours, it's the outcome of the execution of your trade that determines how much money you make.

    You need to work smart and learn the right knowledge and this should only take you a few weeks or less (see our other articles for full breakdown) you're then ready to trade forex and win.

    After your initial forex training it should take you 20 minutes or less per day to trade and that's it.

    3. Keep It Simple

    Many people that not only is it good to put in a lot of effort, it's a great idea to be clever and build complicated forex trading systems, as they are likely to have more chance of success - Wrong!

    Just like in the application of time to currency trading, you need to learn not to over complicate it - keep it simple.

    It's a fact that simple trading systems work best, as they are more robust in the brutal world of real trading and have fewer elements to break, than complicated ones.

    4. Find Your Own Road

    No one else is going to make you rich - its all on your shoulders, your alone and that's the best place to be, remember the 95% of losing traders cant accept responsibility for their actions trust a mentor, guru or broker and lose so being away from the losing herd and trade in isolation. You will even if you take advice know exactly how your forex trading strategy is going to work.

    The above is essential because from understanding comes from confidence and from this combination comes discipline. Discipline is vital to your forex trading success because if you can't apply a forex trading method with discipline - you don't have one!

    5. Your Trading Edge

    This is what will separate you from the losing majority of forex traders and allow you to enter the elite 5% of winners that make the big profits.

    The edge can be anything you like but it must give the confidence to beat the majority and win. If you don't know what it is - then continue your forex education until you do.

    Learning currency exchange is easy but learning the discipline to apply your method is hard and will only come from understanding exactly what you are doing and trading on your own.

    If you understand all the above about getting the right forex education then congratulations you have taken your first step on the road to currency trading success.
     
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  3. ForexMartTrader

    ForexMartTrader Registered

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    All the tips can be summed up as simply, acquire good forex trading skills and experience through learning and practice onboth demo and live account. This will prime you for success on the forex market.
     
  4. uncle gober

    uncle gober Registered

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    In the business, we need to constantly improve their knowledge, with a knowledge that continues to increase it will help us be trading well. By joining in the forex forum will help us to be able to increase the knowledge well.
     
  5. Money Morkel

    Money Morkel Registered

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    We the traders actually have to choose in regulated trading broker which always make sure best trading environment for acquiring proper trading knowledge by providing real educational facilities. Thats why, I have been using Trade12 trading broker which always ensures Trade12Education from where I can gather all important information on the financial health of various economics.
     
  6. uncle gober

    uncle gober Registered

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    the broker itself is one of the important factors that could determine the success of a trader in forex trading, it is advisable for traders to choose a broker that not only provides comfort in trading, but choosing the broker also can support us in trading. Tickmill itself facilitates educational programs for traders especially for the novice trader who wants to start trading fore
     
  7. Joy Bahadur

    Joy Bahadur Registered

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    There are almost thousands brokers in online retail Forex market. So, it is very difficult to find a best broker from all, as most of them are found to be scams. By the way, I am very lucky to found MXTrade broker in my trading career which is regulated and for all time make sure security of funds at any deposit with a wide range of trading technologies.
     
  8. resmana

    resmana Registered

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    dalam penipuan melakukan bisnis perdagangan forex ini kita tentunya harus berhati hati, dan untuk itu di broker
    centroFXtelah menyediakan perdaganan online yang telah di regulasi by the Cyprus Securities and Exchange Commission (CySEC)
     
    Last edited by a moderator: Nov 28, 2016
  9. Money Morkel

    Money Morkel Registered

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    I have seen according to my trading experience that by and large traders focus on trading balance , but any kinds of amount balance cannot protect from loses , if there is not most powerful analyzing trade knowledge . So before trading balance we have to focus on our trading knowledge.
     
  10. Joy Bahadur

    Joy Bahadur Registered

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    Scalping is a trading policy that brings profit in a short time. Due to getting profit instantly we the traders are extremely dependable on this trading approach. But in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions.
     
  11. resmana

    resmana Registered

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    learning is highly desirable in forex trading business, because in the absence of that maximum learning can not be successful in the forex business, and I also learned to use a demo account for preparation before plunging on account real
     
    Last edited by a moderator: Jan 5, 2017
  12. Joy Bahadur

    Joy Bahadur Registered

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    The success matter in FX trading is open secret for all kinds of traders. First of all you have to acquire most powerful analyzing trade knowledge which is very supportive to predict the real faction of this market with certainly, then you to be a reliable support from a trusted trading platform, because the broker can affects the result of our trading with certainly.
     
  13. ForexMartTrader

    ForexMartTrader Registered

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    The fact that is often ignored by most traders is choosing a very good broker. Your choice of broker can determine your success as a trader, so it is very necessary to ensure that you select a broker that will best help your trading efforts to achieve success in forex trading.
     
  14. Nadilapars

    Nadilapars Registered

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    success in trading forex we can not get instantly, so from that study in demo account with serious and more spirit in using the right strategy in forex trading
     
  15. Joy Bahadur

    Joy Bahadur Registered

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    In this market place each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this. as a professional scalper, now I am with LQDFX which is regulated trading platform and does not restrict any kinds of trading techniques with scalping and hedging. so, from here without any restrictions I am able to scalp at any major currency pair including lowest trading spreads as well as minimum margin requirements. Thats why my trading life is very much comfortable.
     
  16. Nadilapars

    Nadilapars Registered

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    we already know what we should do in forex trading is to be successful, of course now we must try as much as possible to be able to get maximum results. Do not forget to utilize the services of our broker.
     
  17. Joy Bahadur

    Joy Bahadur Registered

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    From my first day of trading I am extremely dedicated to become a knowledgeable trader by learning. thats why I have chosen LQDFX which is real STP Execution trading and for all time make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities. From here I have gathered all successful trading tips with essential terms and conditions that I always use during my trading for making profit with certainly. so, my trading life is very much comfortable.
     

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