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How to start?

Discussion in 'Beginners Bootcamp' started by PatrykM, May 6, 2015.

  1. Melvin Leon

    Melvin Leon Recruit

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    Above all else start to figure out how forex trading works. Study a lot on forex trading. At that point comprehend how to control your notions. There is no place for voracity and dread in trading. Notwithstanding, this trading regimen isn't for the unassuming or leave heart. At that point locate a decent broker where you can rehearse Demo trading.
     
  2. EURUSD

    EURUSD Sergeant Major

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    Start on forex business as first step is learn basic forex, many source we can learn forex if willing to reading, many new trader learn from babypips and also here at forexpeacearmy, I think if already learn basic then we can practice on demo account, which will very important for next step learn in real market condition with virtual money
     
  3. William Barnes

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    Forex trading ensures diverse earning sources to millions of traders each day. Traders are getting the unique opportunities to earn money from home, even without stepping out of home. Now we traders have numerous earning facilities, no matter you have smaller investment or larger. What is essential is the proper money management using appropriate trading systems and trading strategies. In order to correctly start forex trading, a trader should try to acquire sufficient knowledge, skills and expertise about the basics of forex trading.

    Demo trading accounts are extensively used as reliable learning tools since only demo trades can give the real experience of trading here. Apart from demo trades, traders can take the help of forex e-books, video tutorials, international journals on forex trading, etc. in the initial stage to get an overview of forex market easily.
     
  4. Morten

    Morten Corporal

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    Forex is a highly risky business so everyone who wants to enter into this market must be aware of it. He need to start his trading with the demo account in order to build a strategy and practice his knowledge on regular basis. You are advised to enter the market with confidence.
     
  5. Naxramos

    Naxramos Recruit

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    I try not to enter the market at all of I'm not 100% sure in my trade solution. I think a conserving trade is a key to success. Risks should be minimised.
     
  6. Ken Smith

    Ken Smith Private

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    To start forex, first know that it is not an easy work. You have to spend time and efforts to learn the art of trading. Without being skilled it is not possible to make money in forex. If you have heard anything else, take a pause and rethink.
     
  7. dianajs

    dianajs Private, 1st Class

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    I am never 100% sure, but I do try to take as few risks as possible.
     
  8. EURUSD

    EURUSD Sergeant Major

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    Like as quotation no risk hence will no gain, if want to making profit on trading hence we must open trades and take the risk, but of course we will trading with our analysis and also still keep using stop loss or risk management because market fully uncertainty
     
  9. TrapLok

    TrapLok Recruit

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    You can start with a demo account. It helps you to know how to trade. Beginners don't have the knowledge of the market and they do some wrong investment on the initial stages and lose their money. After losing the money they disheart and stop the trading. So learn well before you invest the money.
     
  10. dianajs

    dianajs Private, 1st Class

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    I agree, demo accounts are a great tool on which to learn initially. Then once one feels confident they can move onto a live account.
     

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