1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Take thoughtful decisions!

Discussion in 'General Forex Talk' started by dhaniram, May 25, 2019.

  1. dhaniram

    dhaniram Recruit

    Joined:
    Apr 23, 2019
    Messages:
    4
    Likes Received:
    0
    Beginners need to know that Forex is a challenging market and one must think properly before selecting the trade. Without making proper trading decisions no trader can expect to achieve the desired results .
     
  2. DaveT

    DaveT Private, 1st Class

    Joined:
    Feb 8, 2019
    Messages:
    62
    Likes Received:
    9
    You are correct, can take years to master. This is why many we start in demo mode until we are profitable there
     
  3. Olieng38

    Olieng38 Private, 1st Class

    Joined:
    Dec 28, 2018
    Messages:
    57
    Likes Received:
    9
    And to be profitable on demo module for any broker basically means nothing in the long run. I do not beleive it's somehow more than good here really. How do you really imagine doing something which is so volatile constantly and without mistakes.
     
  4. carnelian

    carnelian Private

    Joined:
    Jun 24, 2015
    Messages:
    175
    Likes Received:
    7
    Decision plays an important role in your trading performance. As which you decide and when decide it will determine hoe trades will treated. That is whey more emphasis is given on analysis and market watch. It will help traders to understand current market position he can judge either this time is good for trading or not.
     
  5. Etedus12

    Etedus12 Corporal

    Joined:
    Dec 9, 2018
    Messages:
    104
    Likes Received:
    15
    That is very good observation so starting with demo account is a must as well as something like new accounts which is completely fine anyway with you watching youtube videos for all that matter here. And sometimes even experience do not help.
     
  6. scott11

    scott11 Recruit

    Joined:
    Feb 6, 2016
    Messages:
    122
    Likes Received:
    3
    Trading forex is not an easy job. Each new trader shall be aware of this fact. This is why it is important to spend time learning and also on demo account in order to gain confidence in trading skills and strategy. Certainly, demo and real accounts are different so start with small investment
     
  7. 7Bulletin

    7Bulletin Private, 1st Class

    Joined:
    Dec 24, 2018
    Messages:
    51
    Likes Received:
    8
    This is very true, thanks for bringing it up. Actually, every trader should be very careful when making important decisions that can impact trading success. You need to think critically when choosing a broker and currency pairs to trade, when entering and exiting a trade, and on matters to do with risk management
     
  8. Thoris

    Thoris Private, 1st Class

    Joined:
    Feb 8, 2019
    Messages:
    50
    Likes Received:
    4
    And even if he do it's not always possible to achieve needed results, forex it's sort of part time business, not part time job, you really make some investments here and do not make anything in between over that matter. But what exactly do you need to pay to learn ?
     

Share This Page