General advises and experiences sharing for forex traders

[Landa]

Scalping is my best preferred option. For the new traders it is the best option, Why do i say this. Ut is because it has less risks. You may not gain that much but atleat you will be gaining something. There is no need for you to make unneccessary losses. All they need to do is identify a good broker.

 

[Shing1985]

Technical Analysis in Forex relies on analyzing previous price behavior of currency pairs to determine potential price moves in the future.


The most important tools in technical analysis are:

• Support Lines
• Resistance Lines
• Trend Lines: bullish and bearish

 

[Shing1985]

Trading is very difficult and risky as well an art and art can not be done properly without knowledge, skills and practice. So traders should learn it and acquire proper knowledge about it if he wants to become a successful trader.

 

[Nihuginn]

It all looks too pessimistic if you reason with such categories, there are actually quite a lot of successful traders, and the market can be analyzed if you have an effective, understandable for you strategy.

 

[Nihuginn]

That's why we study strategies to understand all these details and nuances, otherwise we should not act not only in trading, but in any other business. In any case, you should understand what you need and what your action plan is.

 

[Fenrikora]

You can always give up trading.
But I think that's what you're doing now, because you haven't figured out this business yet and most likely you haven't seen the profit you can make from it...

 

[Electric Rainbow]

Knowledge is power. Every financial guru we know today started off like you and me. They just continuously learned and educated themselves and turned their passion into their profession. Knowledge does not pertain to science and technology and the fields we study in books. Knowledge is also very important to shape our personality and perfect our behavior and dealings with people. We need to understand ourselves, our strengths and weaknesses. We need to learn the art of life.

 

[Nihuginn]

You have to choose something that can bring you potential income, that is, something that you have understood well and can realize so that you feel free, comfortable and confident in the market. It seems to me that success is only achieved in this way.

 

[Shing1985]

Yes, you are right, Forex is becoming big medium of earning millions of traders who are in the market and many more people are joining Forex for money. But Forex may be risky if a new trader starts trading without knowledge and skills so to be successful always learn and get education about Forex trading.

 

[mrindice]

Can you please recommend good broker for me guys?