Also try to use bollinger bands and bulls powers and bear powers they are also helpful in trading and practice more and more in demo account to get better results in real account.
If trader is having proper trading knowledge and experience then good and consistent profit can be earned and there is no restriction of age or gender everyone can do this.
To be profitable in Forex its important to get proper knowledge and experience about trading and it can be increased by reading books and practicing in demo account.
Well its better to analyse the market well before making the entry you just concentrate on trend and on market then you will be able to place the stop loss properly.
Yes i am daytrader and day trading is very beneficial and majority market is in the favour of the trader. Movement of market is quit good in day and we can hit our targets.
There are many websites providing ideal updates of Forex market and Forex factory is the best website from where i had followed the news and had earn good profit by following the news but it is also kept in mind some times news horribly went against the trader so trade with proper analysis.
Welcome to Forex trading it is the best business for investment and with proper knowledge and experiene we can earn lots of money from it on consistent basis.
Its better to practice first in demo account and spent three to four month in demo account to properly learn basics and after getting proper results go for live trading account.
Yeah of course every trader has their own trading style with different time frame and i majority use h4 and in this time frame i had earn good profit. Small time frames are also useful to generate lots of profit in a short time.
Yeah of course these are all the important steps and every beginner should follow these steps so that in real account they will be able to earn good and consistent profit.
There are many forex trading books available on the internet and choose the right one which helps you to understands properly and read the books with full attention to get the positive results from the trading.
Welcome back to trading you are not new you are having some experience of Forex trading so by improve your further trading skills and knowledge you will be able to generate the reasonable profit from risky Forex market.
Successful traders makes consistent profit from the risky Forex market so we have to trade with proper trading plan and strategies and in future we will be successful traders.
After losing money every trader knows the value of patience so it is necessary we should develop a good skill of patience among ourselves so that we can get positive results.
In real account the situation is totally different real money involves in it and emotions also involves automatically so we have to trade in real account with proper money management skills.
There are also many traders who trade without any indicator and they use analysis so it enables to make right entry and exit. Indicators are also use by many traders like bulls power, bear power etc.
Demo contests are very helpful and we can develop our trading skills from these competition. There is also reward in demo contests. Large number of traders joins and works hard to win the contest.
We can enjoy trading even more if we trade with proper trading plans and strategies so it is necessary trader should make and follow some good srategies so that we can get positive results from trading and will enjoy also.
Forex is very profitable business and everyone is here to earn money so it is necessary that if trading is being done through proper trading plans and strategies to earn good and consistent profit.
Strategy plays an important role in the trading so trader should focus on to develop their trading skills so that a good strategy can be made and followed to achieve the targets of earning good and consistent profit.