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- JamesFx007 replied Apr 6, 2017
As a beginner, you are probably going to face all kinds of mistakes along your trading way. However, being educated and realistic is what will sustain you on the path to trading successfully. When you overtrade your account, you'd lose money instead ...
- JamesFx007 replied Apr 5, 2017
Exhibiting patience is the key to getting rich in forex. Great traders realize the importance of patience, it is one of the most difficult attributes to cultivate as a trader. Having patience is an integral part of successful trading and investing. ...
- JamesFx007 replied Apr 5, 2017
We do not try to forecast trends. Instead, we partake in trends that we have recognized and trade in that direction from the beginning to the end. While approval of a trend’s presence is explored through a variety of analytical measures, no one can ...
- JamesFx007 replied Apr 4, 2017
When trading Forex, it is prudent to always follow a simple rule, to always solicit a bigger reward than the loss you risk. This is a helpful piece of advice that I have found in nearly every forex trading book. If you follow this simple practice, ...
- JamesFx007 replied Apr 4, 2017
This is so true!
- JamesFx007 replied Apr 3, 2017
Traders can say brokers steal when they engage in spread widening. This usually happens during moments of high volatility. The broker can fail to allocate your position, even if it is fully updated, at the figure it quotes, & the broker saves ...
- JamesFx007 replied Apr 3, 2017
Do you know that the most common reason why traders lose is a lack of Forex education? That is why it is fitting not to start Forex trading first without getting some good education. You will receive the benefits cutting your losses short and also ...
- JamesFx007 replied Mar 31, 2017
It is not at all wrong to be ambitious in trying to get rich via forex, but it is wrong to be impatient. Because of impatience, trying to grab money out of the market hastily. That’s not patience. As an aspiring Forex trader, you’ll have to patient ...
- JamesFx007 replied Mar 30, 2017
Most traders acknowledge that the risks make it necessary to use a stop loss, hence It is important for traders with a long CFD position to place a stop loss sell order beneath the current market price to trigger automatically a sell direction in ...
- JamesFx007 replied Mar 30, 2017
Two basic questions that ambitious forex traders always ask: “which currency pairs are best to trade?” For me, the EURUSD is the leading internationally traded pair, & therefore it provides the largest volume of all currency pairs, it is the most ...
- JamesFx007 replied Mar 29, 2017
MOST traders lose their money in forex owing to the fact that they are over confident and in the long run experience loss. When we look at the course of history, overconfidence has murdered many ventures. However, we can manage that emotion & trade ...
- JamesFx007 replied Mar 28, 2017
Before you choose any forex robot, it is prudent that you don’t choose one based on the report provided by the vendor. You must do your research diligently to check if the performance is unusual from its backtested outcomes. Invariably you can ...
- JamesFx007 replied Mar 28, 2017
All broker gives a demo account. Beginner especially needs to experiment firstly, every new strategy repeatedly until the results are convincing & you are assured in what you are experimenting. Only then should you open a live account & practice ...
- JamesFx007 replied Mar 27, 2017
when you invest in Forex, it could be profitable for you, only if you study hard & trade first using a demo account. It is also possible to lose your money. Hence, I advise you to invest only what you can afford to lose. Even though forex is ...
- JamesFx007 replied Mar 24, 2017
One of the mistakes common to beginner traders make, is not building an action trading plan. As a trader, you have to calculate for yourself what you want to get from trading forex. Having a distinct goal in mind will help you become a disciplined ...
- JamesFx007 replied Mar 22, 2017
For beginners, it is humanly possible that you may be occupying yourselves in mere wishful thinking, acting in fear, or trading out of greed. You may be the unreasonable trader, making costly mistakes while trading. But It's ok. It happens to ...
- JamesFx007 replied Mar 22, 2017
I'll advise that you handle the loss side of your trades & you’ll boost your earnings more quickly than pursuing gains. When preparing your exit, remember a valuable law for optimal technical analysis entry which states; that you should execute your ...