General advises and experiences sharing for forex traders

[Luke Hansen]

Leverage makes a rather boring market incredibly exciting. Unfortunately, when your money is on the line exciting is not always good, but that is what leverage has brought to FX. Leverage is usually given in a fixed amount that can vary with different brokers. Each broker gives out leverage based on their rules and regulations. The amounts are typically 50:1, 100:1, 200:1 and 400:1. For the most part, professional traders trade with very low leverage. Keeping your leverage lower protects your capital when you make trading mistakes and keeps your returns more consistent.

 

[Luke Hansen]

I’m afraid, that’s going to be your task, my friend. Every scalper starts with some favorite tools he picks up while learning how to trade. The rest boils down to testing and trying hundreds of indicators on 1 minute charts in order to filter bad signals and leave the good ones. Scalpers read thousands of pages in the forums, on the websites, everywhere where people talk about indicators, and then every other evening sit and patiently test the tools they’ve gathered.

 

[Luke Hansen]

Unfortunately for Forex traders, the reality of Forex trading is that you simply cannot control the market, the only variable you can control is yourself, that’s it. So, it goes to reason that if you want to make money in Forex you have to learn how to control yourself, because I promise you that no one else is going to be able to control your actions in the market; not me or any other Forex educator, you are the only one in charge. Of course, you will never know everything about Forex until you spent all your life in Forex and I do not think in that case you will know everything, but the more you know about anything the more you can use it in a better way and efficient way, if you tried to trade without experience I do not think that it's a good idea for you.

 

[Luke Hansen]

Learning the art and skill of price pattern recognition will provide you with a perspective and not a system. This market perspective is what would be considered a trading “method”; many people use the terms “method” and “system” synchronously when referring to trading techniques, however, they are really two entirely different things. But getting a good broker for your trade is the big plus point for all Forex traders.

 

[Pelanali]

I cannot agree that forex provides money without any effort. I think that trader needs to involve a lot of effort in learning and improving trading skills and a lot of dedication to achieve his goals. In this sense, I see forex trading as very hard job

 

[KariPlov]

I dont think that forex is any sort of gambling. At least from my perspective, I have spent a lot of time researching and creating my own trading strategy. I cannot see this kind of work as gambling. But some people can choose to gamble with their money on forex simply by testing their luck

 

[Electric Rainbow]

Leverage is an advance tool of forex trading that allows traders to open or control big positions with small initial outlay and therefore, makes trading suitable and profitable even for the small traders as well.

 

[Electric Rainbow]

Scalping however, is a merciless environment for traders with a lack of technical quality.A scalper does not think about what the trend will be on the market in a few days.

 

[baazex]

You can find a job and earn money as salary in forex trading there is money and yes no money as well but the freedom and independence forex trading business provide you is amazing you can travel you can work from home you can enjoy freedom no other business have such independence.

 

[baazex]

Many traders are making money in Forex trading .Forex trading is popular because its easy to access though its not as easy as people think but access to the forex world is easy the trading steps later make one realize either they can make it long term or switch.