Basic forex

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quartz

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In forex we have to watch forex market before trading then choose a proper lot size according to your capital . A trader need a full control on trading so that he not loose a lot money in it. We have to manage risk as market moves we have to react accordingly.
 
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SanaFx

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In forex we have to watch forex market before trading then choose a proper lot size according to your capital . A trader need a full control on trading so that he not loose a lot money in it. We have to manage risk as market moves we have to react accordingly.
If we are Able to control over our trades then we will be Able to Make such trading decisions that can give us success in this business Easily. :-?
 

Luke Hansen

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Basic understanding of the market

When we are trying to engage in trading in any world market place we should be aware of the infrastructural nature of it. A forex trader needs to understand the basic nature of forex market if he wants to earn money. Otherwise all the benefits can turn into greater disadvantages if a trader does not know how to deal with the situations. Thereby adequate knowledge about financial market tools and techniques can help a trader.
 

SeanBlair

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yes Luke, if we want to get profit in some investment we have to understand about the rules first. In forex there is some basic knowledge and rules that must be known for every trader.
 

anton.blood

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traders can manage all finances that will be used to carry out forex activities.
 

Luke Hansen

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try to gather basic knowledge

It is required for the trader to hold some basics before he can initiate his trading expedition. Similar approaches can be used by many traders but not all can reap the benefits of trading here fully. To enjoy the extended benefits every trader should try to learn the fundamentals which will allow him how to move strategically when the market is not behaving in the positive manner still he needs to survive here.
 

Electric Rainbow

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To gain basic knowledge there are many sources, like websites who are providing content for learning, forums where you can ask your doubts for trading etc.
 

Deanna

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Information is very important for success as a trader. For example, if you lack information about how to identify scammers and avoid them, you'll end up being a victim and losing a lot of money. You should also enter the market with prior information concerning how to choose the best broker
 

Hendadda

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Yes, every trader needs to gather some basic trading information before embarking into serious business. As they say, knowledge is power, and every single bit of trading knowledge will give you the power to conquer the market and make profits from your trades. I recommend you get free trading education available online
 

vin2019

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Very well pointed out. Learning and understanding the basics is the foremost requirement for any trader. Sites like investopedia can greatly help in this regard. There are books too to learn the basics of trading and investment. Some good books are:

The Little Book that Still Beats the Market
The Little Book of Common Sense Investing
The Intelligent Investor
The Millionaire Next Door
The Five Rules for Successful Stock Investing
 
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