If you want to discover what it takes to be able to trade for a living. Then visit visionsofaffluence. Want to see what other traders are doing in real accounts? Check out Currensee. Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated.

After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

Yohay's Google Profile. Trading isn't difficult. com Trading like most things in life has fallen victim to the human tendency to make every thing more complicated than it really is. This occurs because over time people build up all these ideas and myths about topics and obscure the simple principles that when understood will lead to success….

Home » The Truth About Trading. The simple recipe for forex trading success is being hard working, patient, and disciplined. You must work hard to acquire money management skills and have the discipline to adhere to them. You must be patient enough to resist the urge to enter into just any trade. Stick to a working trading strategy and gain consistent profits rather than being greedy and rushing blindly after every opportunity.

The foreign exchange market is a fluid global market, which constantly reacts to many economic push and pull factors. Therefore, expect to dedicate a lot of time in learning how the market reacts to different influences. Commit yourself to studying books and economic reports related to the fx exchange. Learn how to conduct accurate analysis based on economic events. The foreign exchange market is one filled with truths and myths.

There are a lot of forex success stories that you can try to replicate to ensure your own trading success. The first truth you have to accept right from the outset is that forex trading is not a game. It is a serious investment opportunity that needs to be treated as an investment portfolio with high gain potential rather than a gambling game where you place bets and expect instant high gains.

There are lots of scammers in this four-trillion-dollar-per-day market and this means as a trader you have to always be on the lookout lest you lose your investment to unscrupulous characters.

Sticking with an experienced, regulated broker makes chances of getting ripped off less and raises your chances of gaining success in your trading career.

I appreciate, cause I discovered just what I used to be looking for. God Bless you man. Have a great day. Hi there to every one, the contents existing at this web site are truly awesome for people knowledge, well, keep up the nice work fellows. Name Required. Mail will not be published Required. RSS Email Follow us Become a fan About Us Contact Disclaimer Forex Calendar Forex Glossary Privacy Policy Write for Us. Forex Trading Big Reap big in currency trading.

Home Forex Articles Forex Basics Forex Strategies Candlestick Analysis News Top Brokers. You are here: Home Forex Articles The Truth about Forex Trading. No Brokerage Fees One of the best advantages of trading forex rather than investing in other financial instruments is the fact that there are no brokerage fees or commissions charged on the trader. Opportunities for Higher Gains Another big advantage that forex trade has over other investment methods is the fact that you can make so much from a small investment.

Signals Benefit Providers Forex trading signals assist traders in making trade decisions on when to enter and exit a trade profitably. Realistic Goals Most newcomers into forex trade enter the market with lofty ideals of quick, disproportionate gains made from low investments and requiring only a little amount of work done.

How to Succeed in Forex Trade In life, there are no short cuts, especially when trading in the forex market. New rules came out for posting on social media to say that people need to display text about the risks, this was simply due to people losing money because others did not tell them of the risk and just the rewards.

There is a risk, a lot of it, especially if you do not know what it is that you are doing. Do not trade with any money that you can not afford to lose. The new craze that has entered the trading and forex world is no hands trading or copy trading.

This is where you simply copy the trades that someone else, more often than not described as an expert whether they are or not you will never know and so you just deposit your money, sit back, let them trade and you get the profits.

The same goes for Expert Advisors, there are lots out there that allow you to set them up and just leave them. The problem with this is that the majority of people using them are people who have no knowledge of trading. You need to have an understanding of how it works and also be able to step in should things go the wrong way, total hands-off trading is just not a thing. No matter what anyone tells you, you cannot predict the way that the markets will move or react to different news events.

Sometimes it does the complete opposite of what the logical move would have been. No one is able to predict what it will do, there are things that you can look at and analyze which can give you a better idea of how it should move during normal trading conditions, but again, this is not a certain thing. If anyone could actually predict them, then they would be a billionaire, but alas, this is not a thing and no one is able to do it.

Choosing the right broker when trading is vital, it needs to be one that you can trust, and that has a decent reputation. What many people will tell you will be to go for a regulated broker because they are safe, but are they really that safe? Well yes and no, the only thing that regulated brokers really offer in terms of safety is protection for your money, that is one of the requirements of the regulation, the thing is, some unregulated brokers have also protected your money.

Go with a broker with good reviews and a good track record, not one just because of their regulated status. It should also be noted that there are a lot of different regulations, some far better than others, so be sure to check which one your broker is regulated under before assuming what protections may be there.

Having said that, some people have grown it, but the initial stages take a lot of luck to get through with such a small account balance. Losses are as much a part of trading as a win, in fact when you start out you will most likely have more losses than wins. Being able to deal with them and bouncing back from them is one the most sought after traits when it comes to being a trader.

Anyone with even a casual interest in currency trading online must have noticed the barrage of online advertisements inviting newcomers into the fx exchange market. However, even with all that information being peddled online about the forex market, it is still rather difficult to separate fact from myth, truth from fiction. This difficulty is further compounded by the vested interests held by those who publish the information about forex trading. These publishers may include brokers trying to promote a particular trading style that earns them most profit, sometimes at the expense of the trader.

There are a few truths every broker and trader should know from the very beginning about the foreign exchange market. These are:. Forex traders make their profits from the price fluctuations of different currencies.

Therefore, a highly volatile market means there are increased opportunities for a trader to profit. This high liquidity is the reason why the forex market is one of the best investment options one should consider. One of the best advantages of trading forex rather than investing in other financial instruments is the fact that there are no brokerage fees or commissions charged on the trader.

This is a big advantage especially for the small beginner trader. Your entry into forex trading is made easier by the fact that you can start small without worrying about paying any brokerage fees and commissions. All you have to do is cover the spread. Another big advantage that forex trade has over other investment methods is the fact that you can make so much from a small investment.

The fx market offers many opportunities for higher gains by means of margins and leveraging. This may look insignificantly small but it really does add up to a substantial profit during trade. Very few of them will come back. This is because most new traders enter the market with expectations of fast and easy money. They do not realize that one needs to put in some hard work and long hours before they can attain success in the forex market.

Sure, they may get lucky a few times and make profitable trades. But without due diligence and a little studying of the market, there is no way a trader can enjoy sustainable profits in the long term. Forex trading signals assist traders in making trade decisions on when to enter and exit a trade profitably.

Most of these signals are provided by individuals and businesses that act as market analysts. Most of these signal providers will charge the trader a monthly subscription to receive their signals. These are just marketing ploys to get you to sign up. Neither should you blindly and unconditionally follow any of the signals provided. Be more discerning since forex trading is a serious investment.

Remember, you are the one taking the risks, the signals provider gets paid regardless of your performance. Most newcomers into forex trade enter the market with lofty ideals of quick, disproportionate gains made from low investments and requiring only a little amount of work done. This is a very incorrect approach towards any kind of serious investment. When entering the fx market, the first thing you should do is to set up realistic goals on what you are likely to achieve from your investment and what you will be required to do to achieve these goals.

It is doubtful that such a feat can be achieved in even six months. You should not just leave your day job expecting to make it huge trading currency online. Make sure you have a solid investment plan before embarking on any trades. When setting your investment goals, remember to set something aside to ride out any losses you may experience. In life, there are no short cuts, especially when trading in the forex market.

The simple recipe for forex trading success is being hard working, patient, and disciplined. You must work hard to acquire money management skills and have the discipline to adhere to them. You must be patient enough to resist the urge to enter into just any trade. Stick to a working trading strategy and gain consistent profits rather than being greedy and rushing blindly after every opportunity.

The foreign exchange market is a fluid global market, which constantly reacts to many economic push and pull factors. Therefore, expect to dedicate a lot of time in learning how the market reacts to different influences. Commit yourself to studying books and economic reports related to the fx exchange. Learn how to conduct accurate analysis based on economic events. The foreign exchange market is one filled with truths and myths. There are a lot of forex success stories that you can try to replicate to ensure your own trading success.

The first truth you have to accept right from the outset is that forex trading is not a game. It is a serious investment opportunity that needs to be treated as an investment portfolio with high gain potential rather than a gambling game where you place bets and expect instant high gains. There are lots of scammers in this four-trillion-dollar-per-day market and this means as a trader you have to always be on the lookout lest you lose your investment to unscrupulous characters.

Sticking with an experienced, regulated broker makes chances of getting ripped off less and raises your chances of gaining success in your trading career. I appreciate, cause I discovered just what I used to be looking for. God Bless you man. Have a great day. Hi there to every one, the contents existing at this web site are truly awesome for people knowledge, well, keep up the nice work fellows.

Name Required. Mail will not be published Required. RSS Email Follow us Become a fan About Us Contact Disclaimer Forex Calendar Forex Glossary Privacy Policy Write for Us. Forex Trading Big Reap big in currency trading. Home Forex Articles Forex Basics Forex Strategies Candlestick Analysis News Top Brokers. You are here: Home Forex Articles The Truth about Forex Trading. No Brokerage Fees One of the best advantages of trading forex rather than investing in other financial instruments is the fact that there are no brokerage fees or commissions charged on the trader.

Opportunities for Higher Gains Another big advantage that forex trade has over other investment methods is the fact that you can make so much from a small investment. Signals Benefit Providers Forex trading signals assist traders in making trade decisions on when to enter and exit a trade profitably. Realistic Goals Most newcomers into forex trade enter the market with lofty ideals of quick, disproportionate gains made from low investments and requiring only a little amount of work done.

How to Succeed in Forex Trade In life, there are no short cuts, especially when trading in the forex market. Summary The foreign exchange market is one filled with truths and myths. The Truth about Forex Trading T T Bigtrader.

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LEAVE A REPLY Cancel reply. Trading involves risk, so only invest money that you can afford to lose Trading in the stock market always involves some level of risk. And while there may be some good opportunities out there, you should never invest more than you can afford to lose. Forex traders make their profits from the price fluctuations of different currencies. This occurs because over time people build up all these ideas and myths about topics and obscure the simple principles that when understood will lead to success…. The only confluence you need to gather is whether the technical tools you use to define an edge are present at any given moment. About Us Contact Us.

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