How to success in forex?

It is anything but "a money making machine". I have lost money when trading, especially with the Canadian Dollar and the Euro. It is a lot of study and research. You are speculating, Forex trading is anything but a sure bet by any measure.
But it is interesting and enjoyable to bone up on foreign currencies and trends, and then to trade and see if it all works out the way you hope and expect it to.

 

Different but according to you...

 

Your are right when you say it requires experience, but I disagreed with you where you say there is no particular strategy. There are lot and lot of strategies in forex to success; but when you fail to learn about what it takes you are out of it, you lose money every time.

Among all they have all said, what it requires are that you must learn from pros and after that you must get your own strategy on how you can trade successfully; it is not a child's play it requires persistence and devotion, you must have the spirit of no retreat no surrender, you must demo trade until you understand the logic.

While you are demonstrating, you need to study which of the currency or metal or what ever you can trade successfully, you must know why you are missing goals as you demo trades the moment you are able to know why you are loosing then, you make correction and so on and so forth you are on the way to making money and real money. Set a task for your self and see yourself through to success.

 

I only got one thing to say, be careful and plan it. Being stupid will just make you poor.

 

Forex is very risky business. If anyone is not expert on trading then he can't succeed here. You must need huge expertise, practical experience, and good analysis to earn and continue success. Before start forex you need at least 6 month demo practice or more as needed. Also you need to analysis every trade why you have made profit or loss, and need to implement this analysis on next trade.

 

A lot of study, a written trading plan, months of practice trading, probably 3,000 hours of screen time.... unless you want to donate your account to the broker.

 

Another tip I would give to the newcomer in regards to Forex trading is to be prepared for the long haul. It takes time for currencies to move in a substantial way, either up or down. So the money you are using is money you won't be able to use for awhile. Never trade with money you will need to use again in a short time frame.
Then when you feel the currency is about to drop....TRADE! Also if you have reason to think it is about to rise TRADE again! Timing, research and patience.

 

Hello!

At RainForex you will find some tools and resources that may help you in Forex trading.

 

Yes!! Surely you are a good trader that knows what forex really required, however for you to recognize the trend or next trend of any currency requires a lot of training and rehearsals depending on how soon you can comprehend the business.
Forex is a trade and it requires knowledge of the business
Cheers.

 

try to learn techincal analsyis u can make money easily.if u need any help in trading send me pm will help you

 

Let me rephrase what most missed, how much are you willing to lose? Just incase if you consider forex, and if not, then dont bother with it at this point.

 

Adding up a golden rule, only invest money where you can loose.

 

My friends day job is a Forex trader, but he wouldn't use his own money to do it. He would rather invest in something else.

 

you must have to update youself timely with the market trends...because the awareness is must while trading..

 

if you want success in stock market..than you have to update yourself with the time..

 

I do not know about forex or ground rules. I hope other friends who can help you.

 

You know 95% in forex trading are losers.
so don't try to participate in any forex related activity without having much experience.
i can give you a man who can teach you well. he called himself as asia forex mentor (ezikel chew from singapore).