Jump to content

⤴️-Paid Ad- TGF does not endorse any products advertised. 🔥 Advertise here.🔥

Learning is essential


Recommended Posts

Learning is essential in forex trading. However, to be honest, I don't believe in any mentors, paid or free. Because most of them are known to be fraudulent. I learned trading by myself. There are a lot of sources to learn to trade. Many brokers also offer educational resources. But, for me, my broker Eurotrader educational course is one of the best guides, especially for new traders.

Link to comment
Share on other sites

TP Global FX is a dedicated Forex broker in Forex market which I can say proudly because I have used them still using in my trading. To trade safely I choose this broker after trading with them I realize that I was right by choosing this great trading broker. They never cheat their clients. They ensure first of all funds security in their platform. From all well- reputed bank accounts they give accounts to their entire clients.
 

Link to comment
Share on other sites

2 hours ago, Michael Butcher said:

First of all, you need to learn all available info about broker. You can surf the net and read this information.   When I was looking for good information I found the site which calls Finarm. This site is the good opportunity to learn smth new about brokers.

We will need to make Efforts so that we are able to do our trading with success.

Link to comment
Share on other sites

People have become more interested in online income, especially for forex. Forex trading has many complicated problems, especially for new traders. It's not just about trading. Traders also need to protect them from bad and scams broker. Your trading life will be miserable if you encounter one of them. So, always trade with regulated brokers like Eurotrader to avoid scams in the forex market.
 

Link to comment
Share on other sites

Education is needed for everything. Trading is no exception. Education is very important to survive in trading. As a trader, I think one should learn from trading with a positive mindset. There are many research centers online where trading is taught. From that education, many traders have succeeded.

Link to comment
Share on other sites

Forex trading is easy to learn due to the demo account facility. Almost all brokers like Eurotrader offer it. It is a risk-free account. I recommend the new trader should try the demo account. But many new traders jump into real trading first and they lose their whole capital. So, it is better to practice trading first at the demo account.

Link to comment
Share on other sites

I select Forex4you broker who give different and flexible developed trading platforms such as – desktop, web trading, mobile trading and MT4 trading platforms. For their traders they also allow – live chat, video calling and e-mail systems to connect with the traders in any time they need help. I get overall all the facilities a trader needs to trade comfortably and efficiently.

Now I am gradually improving my trading skill by the support of my reliable trading broker. I think Forex trading is just blessing for me and for other persons who participants into this business. Various types of platforms are being offered by various types of brokers. And I prefer the broker who allows different trading platforms to their customers. 
 

Link to comment
Share on other sites

  • 4 weeks later...
On 5/29/2021 at 12:52 AM, danish.khan034 said:

There are many institutes are available which provide the facility of educational help for many students who want to learn the different languages.I have tried to find out best writing service  https://www.festivalsherpa.com/5-tips-to-improve-your-website/ options that click to find out more information is also available for the review option to get the writing service options.

We will have to increase our skills in the business of Forex Trading.

Link to comment
Share on other sites

By using leveraging, traders can strengthen their small capital. It is possible to trade with small capital by following appropriate rules. It is certainly very profitable. But if the loss occurs, the recovery becomes difficult. If traders have a large capital should choose low leverage. Many brokers like Eurotrader also offer high leverage. But I use low leverage with proper caution.
 

Link to comment
Share on other sites

I have to learn to trade first. If you can't trade with the right education, it is impossible to survive in trading. A trader can make a lot of profit if he can trade with the right knowledge. I have not been able to gain profit by trading for a long time because I did not have the right knowledge.

Link to comment
Share on other sites

Most new traders lose and get lost in the market. There are many reasons for their disappearance from the Forex market. They never follow discipline. They have no plan for trading. And the most important thing is to trade without knowing anything about trading and this is the reason for their loss. If a trader wants to make a lot of money by joining trading without learning anything, it is never acceptable. My broker Tpglobalfx helps me a lot. They are very helpful. They never make disappointment to their client.
 

Link to comment
Share on other sites

Many people don't think they can make a lot of money with Forex trading. However, the most important factor that determines success is the skill of Forex trading. It is better to resume working on strategies to improve the accuracy of your trades. So, focus on gaining knowledge above all else. That's why my broker, Eurotrader offers free educational courses to all types of traders, from beginners to advanced.

Link to comment
Share on other sites

11 hours ago, David Meyers said:

Many people don't think they can make a lot of money with Forex trading. However, the most important factor that determines success is the skill of Forex trading. It is better to resume working on strategies to improve the accuracy of your trades. So, focus on gaining knowledge above all else. That's why my broker, Eurotrader offers free educational courses to all types of traders, from beginners to advanced.

We will need to spend time in learning the Trading Skills and also develop Trading Experience.

Link to comment
Share on other sites

If you want to learn about forex then you should know about stop-loss order in forex. Because, it’s a most important things in forex trading.

This is the most common problem among traders. How to set stop loss to protect position but not to be stopped out too soon? The good news is that setting stop losses with Fibonacci trading tools is easier. In this article you can read about basics of setting stop losses and some more advanced tips.

1. Research about Stop-loss orders.
Once a trade is showing a moderate profit, a trader commonly adjusts the stop-loss order, moving it to a position where it protects part of the trader's profits in the trade. Continuing with the previous example, assume that after the trader buys EUR/USD at 1.1500, the price subsequently goes up to 1.1600. At that point, the trader may move their stop-loss order up to 1.1540, thus protecting almost half of their existing profit in the event the market turns down. So, first research about stop loss orders and then start trading. Because, stop loss order is really important in trading. if you want to protect your money.

2. Limit Order
A limit order is placed when you are only willing to enter a new position or to exit a current position at a specific price or better. The order will only be filled if the market trades at that price or better. A limit-buy order is an instruction to buy the currency pair at the market price once the market reaches your specified price or lower; that price must be lower than the current market price. A limit-sell order is an instruction to sell the currency pair at the market price once the market reaches your specified price or higher, that price must be higher than the current market price.

3. Setting Static Stops

Traders can set forex stops at a static price with the anticipation of allocating the stop-loss, and not moving or changing the stop until the trade either hits the stop or limit price. The ease of this stop mechanism is its simplicity, and the ability for traders to ensure that they are looking for a minimum one-to-one risk-to-reward ratio.

4. Manual Trailing Stops
For traders that want the upmost control, forex stops can be moved manually by the trader as the position moves in their favor. Visit here for more tips and information. 

https://tradersunion.com/interesting-articles/stop-loss-order-should-i-use/

Link to comment
Share on other sites

It is very important to choose a good broker in trading. If the broker is not good, it is not possible to get a good reward by trading. If the broker is good, you can make a profit by trading. Because of the spread of the broker is not good, then there are many problems when opening a trade. I am trading with Forex4you where I am following their advanced information advantages to make myself capable.

Link to comment
Share on other sites

On 6/22/2021 at 1:12 PM, Dora Wi said:

Interesting. I never had a mentor myself either, but I have heard both very positive and very negative experiences from people who had mentors before. In any case, learning by yourself is a good option.

We will need to spend some time in the Forex markets so that our learning can increase.

Link to comment
Share on other sites

On 6/29/2021 at 10:52 AM, Resolve said:

We will need to spend some time in the Forex markets so that our learning can increase.

Yes, there is no shortcut to learning and gaining experience, we all need to dedicate our time and our efforts.

Link to comment
Share on other sites

Small profits are safe in trading and some good moves bring smart pips. Traders can't count the perfect pips for their daily goals, but getting a 2% profit every day is good in trading. Try to make the profit consistent. Don’t go for the random profit.  Try to acquire your profit marketing form demo account. Many brokers like Eurotrader offer it.
 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest

The following limits are in place
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share


  • Tell a friend

    Love TopGoldForum? Tell a friend!

⤴️-Paid Ad- TGF does not endorse any products advertised. 🔥 Advertise here.🔥

×
×
  • Create New...