With the progression of forex

[Luke Hansen]

With the progression of forex market, foreign currency exchange traders are taking delivery of the superior earning opportunities from the currency exchange transaction. A forex trader ought to give his absolute consideration on choosing the better currency pairs which can help him to enjoy a more stable trading atmosphere. And for this reason, I favor to trade major currency pairs and I use to work with scalping to keep trading position easier.

 

[KariPlov]

Trading majors is most convenient way to make steady profits. Although there might be high profiting opportunities in exotics, I personally don’t prefer them as they require specific knowledge and understanding of major drivers on local market, which is sometimes too complicated to obtain and follow

 

[alina.marabar]

Don't risk more than 2% of your margin per single trade and Keep your emotions separate from trading.

 

[Hulas]

As much as exoticcurrencies also have their advantages in the trade, I also go with the idea of trading major currencies because of their sure stability. A trader should take the selection of currency pairs to trade very seriously, and newbies should just stick one pair

 

[deemac]

Newbie should stick with trading major pairs like EURUSD etc because exotic pairs are less liquid and high risky than major pairs.

 

[Hendadda]

Exotic currencies may have their own high profit benefits in the market, but I also go with the idea of sticking to major currencies. With major currencies,you can be sure of stability in terms of profit, as compared to the exotic ones. Informed decision making is required when selecting currencies to trade.

 

[oliver1007]

I don't use progression analyst. I trade because I enjoy doing it and make good money doing it.

 

[KristanXX]

It is not only that you need to apply risk and capital management techniques but you need to train your brain to keep emotions away from trading which is, by my opinion, the most hardest thing to do. I mean what to do when market turns against you and you have been confident that it will not?

 

[Jurlare]

Of course alina, I fully agree with you. There must be consistently applied risk and money management techniques in order to sustain both profitability and capital. Aside that all emotions should always be fully controlled and kept always from anything that has to do with Forex

 

[amri.rudi]

Thank you for the information you have provided. This is very helpful to me.