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Thread: How Does One Begin Forex Trading?

  1. #11
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    Jan 2009
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    Austria
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    325

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    1st trade indices futures to get the right feeling and knowledge of economy - you must know the underlying country economy (why a currency is rising or falling- fundamental), then you can trade forex
    2nd trade manual, master your system well (technical) - use always nano lot real accounts, because loosing small money hurts (fast learning session), demo money not
    3rd rent a coder or learn coding, depending on your plattform you will use

    my 2c

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  2. #12
    sabrinathomas
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    Quote Originally Posted by Tisha View Post
    For successful forex trading you need to follow some tips:
    * You need to remain update yourself with the different stocks that are available.
    * Remain confident on your investment
    * Have control on your investment
    * Surf different websites
    You are saying right, but a trader must not be o0ver confident. A over confident trader may loose his all money.

  3. #13
    kevinjones
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    If you are planning to invest in the Forex market, you will have to get the services of a forex broker to handle your trade transactions. The kind of broker will largely depend on the type of your investment structure. Majority of brokers represent a brokerage company, and they are entrusted to buy and sell foreign currencies. Their services are vital for doing Forex trading, so donít think twice on hiring them to help you.

  4. #14
    shirley.williams
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    Study and learn. Forex trading is complicated and requires constant education. If you are not willing to dedicate yourself to learning everything you can, you will lose money. Donít just read articles online. Go to a class or seminar. Attend online courses that are offered.

    Understand the basics. Remember that forex trading is the buying and selling of money. When you purchase one type of currency, you are also selling another type simultaneously.

  5. #15
    kevinjones
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    You may be thinking about getting into Forex trading. With that in mind, let us examine what goes on in Forex trading. Essentially, Forex trading deals with the foreign exchange market. This is a 24 hour global market where people are constantly buying and selling different world currencies. A typical Forex investor will attempt to buy a foreign currency at a low rate, with the anticipation of selling it at a higher rate. An investor must do a lot of these trades, and make money out of most of them, in order to get ahead in the world of Forex trading. By handling large volume of trades, an experienced trader can make a great deal of money in a very short time. But experience and success do not come easily. It takes time for a trader to gain a keen understanding of the foreign exchange market, and a lot of time and money must be put into it.

  6. #16
    kevinjones
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    I am only having a few months experience in Forex and still consider myself as a newbie. However, I will keep your advice into consideration. But at the same time I think that the robots are of good help to newbies like me.

  7. #17
    shirley.williams
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    Forex trading is a Vast field, so no one can say that i have learned forex market fully. There are so many things which we can learn about forex market. Technical analysis is good to analyze the market or any particular currency pair. Only you have to study about them and implement it in your forex trading. Be practical, implement all the things which you are learning and studying then you can get success in this field.

  8. #18
    kevinjones
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    If trading is not for you for but you're interested in the investing aspect, our managed accounts can provide stable growth of your funds. Also available are Forex resources to give you information on the Forex, brokers and much more.
    What do you guys think of managed accounts.....in my opinion it's a best source from where you can earn money.

  9. #19
    kevinjones
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    There are plenty of software platforms available on the internet it is just a matter of finding one that suits you and has the tools to fit in with your trading style. Don’t be afraid to test out other software primarily with a demo account until you find the right package. I have subscribed to UFXBank, which leads me to the correct path of earning in stock market. So if you're serious about creating a real income from the comfort of your own home with trading on the stock market, then the UFXBank is the easy way you could possibly access.

  10. #20
    shirley.williams
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    Online forex trading is a good, effective and reliable source of income, but I would like to suggest you that before start forex trading, take some forex education or study about it. Without any knowledge and information it is very risky to trade forex. Fore trading is very risk, and a trder must understand forex trading risk very well.

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