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How to start forex trading?

This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
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Re: How to start forex trading?

Postby radex78 » Mon Sep 25, 2017 9:49 pm

If only to start trading forex is easy, as long as we have aduquate knowledge about forex, we can start with practice on demo account to get experience on real market condition using virtual money, and we can trading with free of risk on demo account to learn and practice
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Re: How to start forex trading?

Postby matttrader » Tue Sep 26, 2017 7:22 pm

Demo training is essential before you get down to live trading. You don't have chances to maintain winning ratio for a long time if you start unprepared especially psychologically. You never have to accept market challenge instead become friend with him so he can hint you his future moves and you can follow his trends. Cut your losses fast and seek for long-lasting winning trades while always staying on alert.

You can read more trading tips like this in Hotforex education section, it was my guidance that saved me a lot of time and money as pointed on main mistakes newbie traders make.
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Re: How to start forex trading?

Postby radex78 » Tue Sep 26, 2017 9:40 pm

In trading is apply what we see and not what we think, sometime as trader hold position when floating big loss and only hope price will back to early track, they not will to realize if the trend already against position, for some good trader they will look best momentum and will cut loss if the trend against order
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Re: How to start forex trading?

Postby Gozmit » Wed Sep 27, 2017 3:20 am

Forex Trading needs some basic knowledge which you could gain some experience and also we need to have some skills and develop it further to become a successful trader.
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Re: How to start forex trading?

Postby mang_ncep » Wed Sep 27, 2017 12:34 pm

Before entering the market you better equip yourself with trading knowledge, including learning to recognize the trend of market movements that are happening. Do not take trading decisions based on the estimates of instincts and luck factors alone.
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Re: How to start forex trading?

Postby radex78 » Thu Sep 28, 2017 5:24 am

Yes in trading we need to analyze the trend market because we work with the trend and get profit if can follow the trend, but because not always we can perfect on analysis, on trading also need using risk management and also money management
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Re: How to start forex trading?

Postby andengireng » Tue Oct 03, 2017 4:43 am

To start forex trading you have to learn a lot of things about Forex Market, but don't worry, you can get some education in FreshForex website. You can learn from 0 how to trade, what you must to prepared and other stuff. It is good education and it is free. FreshForex will always help you.
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Re: How to start forex trading?

Postby John Harry » Tue Oct 03, 2017 2:33 pm

After learning trading we need to start trading with a renowned broker indeed. We know renowned broker provides wide range of deposit bonus to the traders. With Trade12 I had a handsome amount of deposit bonus within a very short conditions. I faced no problem while withdrawing money from the broker. In fact they allow all types of exchanging medium and cash back withdrawn money in just time.
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Re: How to start forex trading?

Postby radex78 » Tue Oct 03, 2017 9:39 pm

Forex trading is like as another business, how to start of course as trader need knowlegde and experience, which with these knowledge hence they can start with forex from demo account before using real account, its useful for backtest skill and learn on real market condition with virtual money
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Re: How to start forex trading?

Postby Sininfinity » Sat Oct 07, 2017 4:04 am

Well one should learn the basics of forex trading from a trading school. The list may look lots of reading. But you don't need to read it all at once. You can take your time. In university people finish more than that material just in one semester. Compared to that a forex school is nothing.
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