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Forex trading, what the hype is all about


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  • 2 months later...

Absolutely.. Ourselves is "the biggest enemy" in forex trading. Due to the failure experienced by traders because it is usually caused ourselves, namely lust, emotion. And as a trader, we should be able to control ourselves.

You are very right gaban,, the biggest enemy is ourselves. I've been trading in many broker and have learn to control my self. but its not simple things, it's very difficult to sort our self. Now, i can gain many profits and hundreds dollars in lite broker. Using EA is more easy and profitable....

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You are very right gaban,, the biggest enemy is ourselves. I've been trading in many broker and have learn to control my self. but its not simple things, it's very difficult to sort our self. Now, i can gain many profits and hundreds dollars in lite broker. Using EA is more easy and profitable....

Yeah,,,,

we should be the friend of ourself, it can control our self.

In lite broker, i've learn many think there. i need to control my emotion,money,strategy, and many others...

I like lite broker, becuase they have demo contest and many bonuses there, i can learn the trade from demo contest...

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  • 2 weeks later...

I have traded in Forex for few months now and its good to trade on it specially with the softwares available.

I have tried this new software called Fatv3 in the beginning it was hard but their guides are easy to understand and are step by step method makes it easy to work with and there is something called 1 click process with which its easy to trade by just clicking with mouse and setting filters to do automatic trading and stopping trade if reaching loss limit.

I would say if trading in forex using a software instead of manual trading makes it easy and efficient and its better then brokers who work for their commission not us.

try this software I am also using it

http://bit.ly/12Jo1Qo

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Forex market is an international money market. Forex is the foreign currency exchange activities. Forex market is one of the youngest financial markets (Forex has been used since the 1970s in the last century). However merupkan the largest in volume and a very fast growing market. Daily Forex trading turnover amounted to about 4 trillion U.S. dollars, which is 30 times more than the combined volume of all stock markets in the United States.

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  • 2 weeks later...

Forex is not a moneymaking machine, it's necessary to have enough knowledge and experience to be able to manage the forex risk which is quite high, of course, behind a high risk, forex is a promising business. Before we are able to make money from forex we should be able to minimize the risks beforehand. One way to minimize the risk of forex after knowledge and experience is with insurance

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  • 4 weeks later...

Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments.

When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency.

For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.

Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection.

If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.

Very useful information especially to newbies , it is really important to have a background check with the company that we are going to deal with.Since even in forex scam is available.Thank you dennis.

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  • 1 month later...
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Forex trading is very good process to quick earn money and now so many persons are involving in this because it the quickest way to double your money,and with the help of your post all investors know it's important and for this they can also take the help of forex tips provider who will help him to make money form forex trading .

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  • 3 weeks later...

To be successful in forex trading, the most important thing that you should realize is your capability to survive in this dog-eat-dog-world industry. This means that knowing what you really want and being ready to face all the challenges and difficulties that come along with the industry.Statistics show that a large percent of people who get into forex are successful because they were able to learn the things that they needed to learn at the earliest possible time. Since they have learned all the basics, they know how to move forward and create their own windows of opportunities.

Your weapon and alas in Forex trading is your sufficient knowledge and information about the market and its trends. Those are the keys to become successful in trading foreign currency. Additionally, you should also have patience and discipline in trading.

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  • 3 months later...

Very interesting post, for the newbie must be have a hardworking to achieve the success in forex. like the trader who already success in this business. they share what his secret to achieve in the forex. do you interesting, here are the link : http://www.fbs.cn/5usd-success-secrets

there is no shortcut to success in trading, you have to be very hardworking and believe in yourself rather than on hype.

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A really beautiful thread which is totally agree with most. Forex trading is such a lovely business that a person who starts here once will never really forget it and he would never really want to look at any other work/business and its not just high profits that makes it so amazing but the way we have to do with little investment.

I've making some hundreds dollar and invested in Liteforex broker, exactly in NDD account because its based on ECN types. Its fast and no delay order there..

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  • 3 weeks later...

Forex is extremely profitable for someone with knowledge and experience. The problem is that most newbies think is walk walk in the park, open account and lose their shirt in a single afternoon. The great part about forex is that there is demo trading available for everyone anywhere in the world - the perfect studying and practice method.

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  • 4 weeks later...

I think it is obvious that Forex is a really highly profitable business and that is why there is so much hype as one can invest low yet make big profits. I would also give this credit to brokers like OctaFX also have made it easier for us to come and instantly start making healthy profits with features like 50% bonus, 0.2 pips spread and also they have their own analysis system which makes even a newbie trade like an expert.

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