How do I trade Forex?

Handle123 said:
Only time I trade forex are pairs that are not common and going to stay in them weeks or months. Biggest con of Forex is never paying a commission as often you pay through the nose on pip spreads.
More...

Like USDRUB carry trading or what?
 
Exactly, I do trade Russian Ruble for Very long trading, will put on positions using Futures, but when reports coming out, will take Forex on partial position going to other way, no options on futures. So risk too great to do other than few contracts, at least to me. And I been long on/off for 18 months, trying to find Secondary low or bottom

upload_2017-2-10_12-59-33.png


Daily
upload_2017-2-10_13-5-21.png
 
radex78 said:
Might we often hear if many big thing beginning from dream, with dream hence as trader will having motivation, and will hardwork to achieved the dream.

But don't like this quote, many succeed start from a dream, and a dream will appear if we sleep, so if want to success then we start with sleep :D:D
More...

Hahaha!, please it would be better we wake up sooner and think of ways to achieve that dream we had while we were sleeping lol!
 
That is true, but real work is always going to be real, no demo is going to work for it. It is better to start with mini real account to test your trading style with market.
 
I don't know, I think that initial study and practice on a demo account is, in a way, real work too. You're laying the foundations of your knowledge, it's not a bad thing to do it in a safe environment.
 
Yes now some broker offer micro account or cent account, if any trader want to start low risk hence using cent account also can for learning stage, although might for some trader that already use huge money will look too small to making sufficient profit
 
mlawson71 said:
I agree, cent and micro accounts are great for training purposes, even if you can't really make any meaningful profit on them.
More...
Yes there are certain broker that offer cent account, and also offer low minimum deposit, if investing small money using cent account and eventually fail it's only small money and not disturbed overall financial family
 
Esha.J said:
That is true, but real work is always going to be real, no demo is going to work for it. It is better to start with mini real account to test your trading style with market.
More...

Very nice to start with small funds using real account, but at least you need experience first and you get that from demo trading. Though I would agree that we cannot 100% compare it with real trading, but it does work.
 
Forex Trading is a place to make some good money online, but it is never an easy task. You need to learn a lot first, if you wanna become successful in Forex Trading.
 
You must log in or register to reply here.
Back
Top