General advises and experiences sharing for forex traders

[Gravelwing]

If you are going to be a trader then you need to get rid of the idea you had when you joined frex. Forex is much more complicated as it seems and the only way to get rid of the complications is by understand. You need to understand it first before you can think of anything else.

 

[Moogull]

My experience in forex trading has taught me that you should never believe everything that other traders say. You need to find some other sources where you can confirm if what they are saying is true or not. Not all of them have the best intentions in mind. You have to remember that.

 

[Shing1985]

Planning is a very important factor for success in Forex. You just have to be more discriminating with the help you render toward other people. When you have a definite plan, your daily work process will also revolve around that plan. We should make a pre-plan before starting any work. You need more than luck to succeed in the affiliate business. Having a work plan puts you 50% ahead in terms of success. Not just the forex market, it is effective in every aspect of life. So we have to make a plan before we start any work.

 

[FXOpen Trader]

Planning is a very important factor for success in Forex. You just have to be more discriminating with the help you render toward other people. When you have a definite plan, your daily work process will also revolve around that plan. We should make a pre-plan before starting any work. You need more than luck to succeed in the affiliate business. Having a work plan puts you 50% ahead in terms of success. Not just the forex market, it is effective in every aspect of life. So we have to make a plan before we start any work.

If we are doing our trading with the help of a Good Trading Plan then we are less likely to do the mistakes in our trades. Also this will help us as we will be able to know that what are our Trading Goals and it will become easy for us to be able to achieve them.

 

[Shing1985]

Forex is not as hard as it seems and not as easy as it seems. I think the key to success - controlling greed, following money management, trading by analysis, not relying on signals or others, adhering to trading strategies, having confidence - above all relying on the great God. I hope that if you trade like this, one day the ultimate success will come

 

[Shing1985]

Demo in Forex Market is a good experience and good idea of Forex trading and you have to trade demo to gain good experience about Forex market trading and you must be serious while trading this demo like trading real.

 

[sunar14]

It's a business, it can't be easy...

Yeah and inability to take it as business with risks and the need to have trade secrets to make profit is what destroys newbie accounts.

 

[Landa]

That feeling goes away when you start working actively and a lot on your own, because you start noticing patterns, cause-and-effect connections, and that leads to increased productivity.

 

[Agamatius]

Thank you for the helpful recommendations.
I enjoy reading useful things and being inspired.

 

[Shing1985]

Forex is a business where there is no place for greed. The more greed you have in Forex, the more destruction you will face. In greed, we open multiple trades in the hope of making more profit. So if you want to do forex, you must give up greed.