How do I trade Forex?

Esha.J said:
Making money is never going to be easy in any business, but our skills and knowledge make it happen. If we really want to earn money, we will find the way of earning.
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Nothing is easy in this world, even bathing is hard. Forex is just one those things that need our time and effort.
 
geedy said:
In the long run, our actions now might determine the end result. So extreme care is needed especially in the market.
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Concentration if work as manual trading is important to always update trend market beside skill to analyze trend market condition
I am ever trying contest but never become winner lol
 
Forex Trading requires lots of knowledge and experience and skills to become a successful trader. You need to practice trading a lot than enter the Forex Trading.
 
smallStops said:
radex78, just saw your msg adress!!!

radex78: what are your main 5 trading mistakes?
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So many my mistake that ever commited, reckless, impatience, lack in discipline, greedy sometime, too tight stop loss sometime, waiting more target but in fact trend move vice versa, chasing price, bad entry point etc.:):):rolleyes:
 
There has been a lot of comments about "Demo Trading" but I think there is a better way to go. At least one broker that I know of (Oanda) has no minimums that can be traded. For example you could trade 100 Units of EUR/USD and a 100 pip loss would cost you exactly one dollar. There is also no minimum incremental increases so your next trade could be 101 units.

This allows a trader to trade in the live market at good spreads and increase size in proportion to their increased confidence. There is no difference in spreads if you trade 1 Unit or 100,000 units.
 
Demo trading is only for practicing the market in offline mode so that we can get idea about how market flows and we are going to work with it. But after demo trading, we should also work with mini account and trade with it to face the real market.
 
Esha.J said:
Demo trading is only for practicing the market in offline mode so that we can get idea about how market flows and we are going to work with it. But after demo trading, we should also work with mini account and trade with it to face the real market.
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Demo account and real market condition as I know is same movement, if there difference might because different server, that also possible on different broker will also having slip price on same time, might can occur one broker on price one but another broker on price two
 
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