rakib32 Posted March 14, 2013 Report Share Posted March 14, 2013 The Common Misconceptions of a Forex Trader The statistics show that a vast majority of new Forex traders end up losing their money. This is due to the simple lack of education regarding the market. Once new traders understand the market and its workings, they will trade more responsibly and the chances of losing money decrease significantly. Here are some basic misconceptions of a new Forex trader. Five Things You Must Know if You Are Considering Forex Trading There are some very important Forex practices that no Forex trader can tell you. These tips are not about what strategy to use or which broker to trade with, but rather, they are some basic psychological principles that should guide you in your Forex trading. Global Trader Option Bit Banc de Binary Option Click Ioption 24Option Link to comment Share on other sites More sharing options...
GTOptions Posted March 15, 2013 Report Share Posted March 15, 2013 To learn the basics of forex trading open a demo account on any of the online trading company and most of them provides their services free of cost. After that go for live trading account and choose your trading platform that suits on your goals and strategy. However, binary option trading platform is best for learning fundamentals. Link to comment Share on other sites More sharing options...
Guest gaban Posted March 18, 2013 Report Share Posted March 18, 2013 Trading with a demo account is the right step to learn basic of trading without any risk. I also did it when it started trading for the first time and even now I still use a demo account to hone your trading skills. Link to comment Share on other sites More sharing options...
ali555 Posted April 1, 2013 Report Share Posted April 1, 2013 I think we can earn lot of money from Forex trading if we have good knowledge about Forex. So we can get basic knowldge about forex and then start to trade in forex. http://www.forex-metal.com/affiliate/46199/2 Link to comment Share on other sites More sharing options...
Guest gaban Posted April 1, 2013 Report Share Posted April 1, 2013 I think we can earn lot of money from Forex trading if we have good knowledge about Forex. So we can get basic knowldge about forex and then start to trade in forex. Not only good knowledge, but also good skills. And we must be always improve our trading skills and learn more about forex if we wanna get profit consistently. And we should start trading by using demo account, because it's more safe. Link to comment Share on other sites More sharing options...
Guest gaban Posted April 5, 2013 Report Share Posted April 5, 2013 We can use demo account to know and understand basics of forex trading but we can test our psychology with demo account. We can use real account with bonus as our capital to test our psychology so if we trade with real account, we will get maximal profit. Link to comment Share on other sites More sharing options...
Shimul Miya Posted July 10, 2015 Report Share Posted July 10, 2015 Actually, Forex is indeed for those people who are willing to make more money very rapidly. This is the business platform where it is conceivable to create huge money that you want as your wish. Due to having this life changing prospects now all over the world from many people are joining this trading platform increasingly. I want to be a professional trader for earning more. So, I have chosen GCI Financial as my trading platform where many exclusive trading facilities are on hand. This trading platform provides 4% interest monthly trading balance. So, my trading life is comfort and profitable. Link to comment Share on other sites More sharing options...
Abdul Razzaq Posted July 11, 2015 Report Share Posted July 11, 2015 Learning or understanding the basic in Forex is absolutely crunch and to be doing it in right frame is definitely the way to go, if we are unable to do so then we will not succeed. I am very lucky to be with Nova FX broker using their fabulous system including the education program which covers basically every single point and that’s what really allows me to get the right results that too consistently, but one thing Is important to understand that it’s possible only with strong determination! Link to comment Share on other sites More sharing options...
aliforex Posted July 12, 2015 Report Share Posted July 12, 2015 A trader must understand the basic of forex trading. We should not trade without any knowledge and experience. So, we need to try to maximize demo to help us to understand about forex itself Link to comment Share on other sites More sharing options...
Rajesh Posted July 13, 2015 Report Share Posted July 13, 2015 It is very common that, new traders need basic level knowledge first. Like, how to trade, what’s money management and how to use Mt4 platform etc. In my beginning period I learned that entire topic through educational service of TradingBanks broker. Even, I found there free video tutorials on Mt4 trading platform. As a result, I can use my platform on the best way. Link to comment Share on other sites More sharing options...
Guest gaban Posted July 13, 2015 Report Share Posted July 13, 2015 To get maximum result so we must have about knowmledge basic of trading. We can follow firex forum to get basic of trading. And we must using demo account Link to comment Share on other sites More sharing options...
orni308 Posted July 13, 2015 Report Share Posted July 13, 2015 There are many places where you can learn about forex for that you can refer like forums and web sites, you can also join social groups where you can instant answers to your queries. Link to comment Share on other sites More sharing options...
Forhad Reza Posted July 29, 2015 Report Share Posted July 29, 2015 Basic knowledge is extremely important to start in a proper way at any kinds of commerce and Forex also. I took demo trading for acquiring accurate basic knowledge, even though we the traders don’t believe the importance of demo account in particularly the traders who are newcomer. My trading broker Mxtrade provided me $1000, 000 for trading at all times with narrowest trading spread. Link to comment Share on other sites More sharing options...
aliforex Posted July 30, 2015 Report Share Posted July 30, 2015 Basic knowledge is extremely important to start in a proper way at any kinds of commerce and Forex also. I took demo trading for acquiring accurate basic knowledge, even though we the traders don’t believe the importance of demo account in particularly the traders who are newcomer. My trading broker Mxtrade provided me $1000, 000 for trading at all times with narrowest trading spread. We must have basics of forex trading if we want to earn more profit in forex trading. If we want to earn more profit, we need to more improve our trading skills. Demo account in a broker also must be maximize to make practice to get more trading experience. Link to comment Share on other sites More sharing options...
Forhad Reza Posted August 4, 2015 Report Share Posted August 4, 2015 Generally, we the traders start Forex devoid of acquiring exact basic knowledge that’s why almost 90% traders are loser. in my trading career, I took demo account very seriously for gathering all fundamental information, even though , by and large Forex traders don’t believe the importance of this trading place. my trading platform Mxtrade provided me $100,000 for trading at all times with only one pip trading spread. Link to comment Share on other sites More sharing options...
Guest gaban Posted August 5, 2015 Report Share Posted August 5, 2015 the basics of forex trading is very important for us to be able to master it. By mastering the basics of trading well then we will be able to trade with the maximum and will give maximum results also Link to comment Share on other sites More sharing options...
Jack Nitschke Posted September 29, 2015 Report Share Posted September 29, 2015 It is very crucial to know the basic of Forex because that is what will lead us into winning mode, if we are not able to get these basic point correctly then we won’t ever grow much. I am extremely lucky having OctaFX broker in my side because of their service especially with the contest they provide which is Champion demo contest, it’s extra-ordinary with having 1000 USD prize, so that makes it so much better for us to work with. Link to comment Share on other sites More sharing options...
Guest gaban Posted October 5, 2015 Report Share Posted October 5, 2015 try using a demo account to learn the basics of trading. In the demo account we can learn to understand the basics of trading well, so that will make us successful in forex Link to comment Share on other sites More sharing options...
aliforex Posted October 19, 2015 Report Share Posted October 19, 2015 What is Forex and how does it work? As mentioned above it is the abbreviation of Foreign Exchange. It is the relative value of one currency versus another. In other words, you need a currency pair to be able to make a Forex transaction. You need a particular currency such as the U.S. Dollar (USD) to buy or sell another currency (EUR, YEN or Swiss Franc) based on the existing exchange rate. Link to comment Share on other sites More sharing options...
Guest gaban Posted October 22, 2015 Report Share Posted October 22, 2015 to be trading then we should be able to master the basic trading well, so it will allow us to trade with the maximum. We can utilize the services of a broker to be able to master the basic trading well Link to comment Share on other sites More sharing options...
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