Nilde Lucchese Posted July 2, 2021 Report Share Posted July 2, 2021 In the forex market, traders need to prepare useful strategies before opening a trade. Sufficient capital and high leverage are important for huge profits. Start with little capital but aim to grow your capital if you want to increase your profit. I started trading with only $50 at Eurotrader. I am aiming to increase my capital to $1000 in forex trading. Link to comment Share on other sites More sharing options...
Sam Patrick Posted July 3, 2021 Report Share Posted July 3, 2021 Proper risk and money management are essential to success as a FX trader. Every trader has inherently some risk factors. Managing these risks in a sensible way will certainly help in long run. Traders should not trade money which they can't lose, because traders can't have the patience to profit due to the pressure of losing. I am trading with Forex4you. I always execute my trader with proper risk and money management. They are very helpful. They always help me to make my decisions correctly and they also provide 24/7 customer support. I am very pleased with their services. Link to comment Share on other sites More sharing options...
Ross Edwards Posted July 4, 2021 Report Share Posted July 4, 2021 Both experience and knowledge are important. Actually they both are related to each other. Education is must for forex trading as it is a work of professional. To become a professional you need knowledge. You have to reliably sharpen your trading learning if you have to stay long around here. And experience comes when you educate yourself. I am trading with TP Global FX, a regulated broker. It provides me a wide range of services including low spreads, 1:500 leverage and instant trade execution. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted July 4, 2021 Report Share Posted July 4, 2021 Traders can make big profits, but they need good capital and patience. Profits will not be easy if you do not have patience and discipline. And the highest priority should be given to strategy. If the strategy is not good, it will be very difficult to make a profit. Link to comment Share on other sites More sharing options...
Resolve Posted October 12, 2021 Report Share Posted October 12, 2021 On 7/4/2021 at 7:43 PM, Hanan Öberg said: Traders can make big profits, but they need good capital and patience. Profits will not be easy if you do not have patience and discipline. And the highest priority should be given to strategy. If the strategy is not good, it will be very difficult to make a profit. Forex trading is a type of business that requires a lot of Planning. Link to comment Share on other sites More sharing options...
BTCETH Trader Posted October 14, 2021 Report Share Posted October 14, 2021 On 10/12/2021 at 10:27 PM, Resolve said: Forex trading is a type of business that requires a lot of Planning. We need to start learning about the Forex Trading business with more Efforts. Link to comment Share on other sites More sharing options...
Resolve Posted October 18, 2021 Report Share Posted October 18, 2021 On 10/14/2021 at 4:50 PM, BTCETH Trader said: We need to start learning about the Forex Trading business with more Efforts. Trading in the Forex Markets will not be an Easy Task and it will require more Planning. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted October 19, 2021 Report Share Posted October 19, 2021 Plans are of course very important in trading. How do I trade? Which leverage will I trade with? Everything depends on the plan. If the plan and discipline are right, a lot of money can be made in trading. Link to comment Share on other sites More sharing options...
maspluto Posted October 20, 2021 Report Share Posted October 20, 2021 a trading plan must indeed be owned by a trader, this is done so that traders can become better and can be maximized in getting maximum trading security and comfort like what I got from Tickmill. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted October 24, 2023 Report Share Posted October 24, 2023 If strategies are not proven, then I can’t assure you that they will work. So, whenever you have a strategy, apply it on demo accounts for months and check the effectiveness of that strategy. FXOpulence puts no restrictions on using any type of strategy on their trading platform. Link to comment Share on other sites More sharing options...
maspluto Posted October 25, 2023 Report Share Posted October 25, 2023 That's why strategies should be tested using a demo account, as with a demo account, we can assess whether they are effective or not. If a strategy proves to be good, it can be implemented successfully in a real account with Tickmill as the broker. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted January 24 Report Share Posted January 24 To bring perfection in a trader’s trading, there is no alternative to demo trading. FXOpulence allows all types of traders with a whopping 1:500 leverage and tighter trading spread. The broker ensures high security of funding using different regulated banks’ accounts. Link to comment Share on other sites More sharing options...
maspluto Posted January 26 Report Share Posted January 26 All brokers typically provide facilities for demo accounts, and these demo accounts are highly beneficial for expanding one's trading knowledge. That's why, in addition to using my own demo account, I take advantage of the educational resources provided by Tickmill, the broker I am associated with. Link to comment Share on other sites More sharing options...
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