Here is still a lot to know and learn

[46du114t1f]

It is about to trade from home now with technology. You do not have to go to trading floor anymore.

Nowadays as an individual you can trade off-exchange market with a lower capital.

 

[Shing1985]

Learning is very important and you can not be a successful trader if you lack trading knowledge.

 

[Toliman]

Learn that being confident is a wonderful thing. Mind you, I don't mean arrogantly confident. It's OK to have faith in your judgments, but those decisions must be based on what you see on the charts, not what you want the market to do.

 

[Electric Rainbow]

In addition to an excellent understanding of algorithmic prices, trading processes, and understanding of price action, an excellent understanding of a given currency pair is also required. In addition, it is important to keep abreast of the latest information on the interbank market and investment banking.

 

[sunar14]

It is about to trade from home now with technology. You do not have to go to trading floor anymore.

Nowadays as an individual you can trade off-exchange market with a lower capital.

Can you please explain which scalping strategies are best - candlestick-based or built on technical indicators like MA crossing, etc.

 

[RainbowRain]

First of all, you need to study the methods of technical and fundamental analysis and create your trading strategy based on them. You also need to have the discipline to follow all its rules and not overestimate the risks.

 

[Aaron_0]

Let me know in Forex and there are no learning boundaries so I haven't learned much yet. There is still a lot to learn. And you have to have an interest in learning and an interest in Forex. In order to trade in particular, one needs to gain vital knowledge about market analysis. I think I still have a lot to learn about this. So we have to move forward with this mindset.

In Forex, the learning journey is endless, and it's essential to cultivate a genuine interest in the market. Gaining vital knowledge about market analysis is crucial for successful trading. Embracing a mindset of continuous learning will help you navigate the complexities of Forex and improve your trading skills over time.

 

[RainbowRain]

An important component of trading is also controlling your emotions. And if a trader is constantly greedy, hasty and excited, then no trading strategy will help him earn on Forex. You should also study the trading conditions of brokers to choose one of the best. I liked the conditions at fxopen, which provides minimal spreads and instant execution on its trading accounts.

 

[Elijah_0]

You're absolutely right—forex trading is a continuous learning process. Gaining a solid understanding of market analysis, both technical and fundamental, is key. Maintaining curiosity and a willingness to adapt will help you grow as a trader. Stay focused, keep learning, and develop your skills step by step for long-term success.

 

[RainbowRain]

Stay up to date with important news and events that can dramatically increase market volatility and lead to uncontrolled price movement.