How To Start Trading Forex: The Things Every Beginner Trader Should Know About Trading Forex

How To Start Trading Forex: The Things Every Beginner Trader Should Know About Trading Forex

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Debbie Johnson

Mar 7 2014, 02:29 AM

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The world we are living in revolves around the exchange of goods and money which will never stop soon. Each and everyday you see new people getting into this industry of forex trading in hope of getting a piece of the profits made in trading the goods and currency.

Most people get into this industry thinking that its very easy to make some profits where else that's not the case and being a trader can be the worst decision you can make if you not prepared.

When getting into forex trading there's a lot of information one has to learn before you can be ready to trade. There is so much information circulating around on the best methods of trading and this can be confusing for beginner traders.

Some traders will tell you that its very easy to make some money trading forex whilst others will tell you that its no place for a beginner trader. So when starting out what should you believe? Is there a chance for you to make some money as well? And if so how do you go about trading successfully?

Well the truth is that it really is no place for a beginner to make money, well maybe for the first months. When starting out as a beginner you should get your facts right about trading forex. There is a learning curve and most definitely you won't get rich over night.

With that being said its obvious that some people can start making money sooner the others and that depends on how fast one learns about making the right market decisions and how much they are dedicated to making it big.

If you are prepared to make it big in forex trading you have to get as much knowledge as you can about trading and making good decisions in the markets. The reason why a lot of beginners fail is because they jump in and start trading hoping to make a quick buck. This can be due to a lot of mis-information out there about making a fortune fast when starting out.

You find a lot of people who want to start out trading forex buying these over hyped products promising an automatic software that will help you make profitable trades all the time. If that was the case then why is the person selling the software instead if using it to make the millions. And on the other side everyone would be rich from using this software.

Becoming a successful forex trader requires you to get as much knowledge as you can about the forex markets which can't be done by an online automatic software that can be bought by anyone. So get as much information as you can and start your training using a demo trading account to practice before you start on a professional level.

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Replies(1 - 8)

trifid1787	Mar 7 2014, 08:59 AM Post #2
Active Money Maker Group: Members Posts: 374 Dream Points: 2,197 Experience Points: 425 Joined: 17-August 13 From: Indore Member No.: 434,603	Hi, Every person Can be traded in forex. Thai is more profitable and more efficient way to earn more. Our forex team always watched and updates of the market. It can always prepare to help for other traders. If you want more about this you can visit this-- Forex Tips -------------------- Free Commodity Tips \| Stock Tips \| Currency Tips

Moin222	Jul 10 2014, 10:09 AM Post #3
Active Money Maker Group: Members Posts: 162 Dream Points: 375 Experience Points: 212 Joined: 13-December 13 Member No.: 457,633	I think everyone can trade in forex and there is no restriction of age or sex. Forex is the most profitable business in the world. If a trader wants to start trading then he should learn the basics of forex first and then get a demo account with a broker and start trading. -------------------- http://www.immfx.com/

GrahamKK	Aug 9 2014, 03:34 AM Post #4
New Money Maker Group: Members Posts: 13 Dream Points: 134 Experience Points: 75 Joined: 7-August 14 From: Khon Kaen Thailand Member No.: 506,993	QUOTE(Moin222 @ Jul 10 2014, 05:09 PM) I think everyone can trade in forex and there is no restriction of age or sex. Forex is the most profitable business in the world. If a trader wants to start trading then he should learn the basics of forex first and then get a demo account with a broker and start trading. The beauty about wanting to trade forex, is that anyone can open a Free Live Demo account .. you can practice all you want without risking any real money. Only when you are confident that you have got it right, should you begin trading with real money. -------------------- Easy Forex Trading Lessons Binary Robot - The 100% Win, 0% Loss Automated Binary Robot >>Check it out Here<<

marsha	Nov 20 2014, 05:22 AM Post #5
Active Money Maker Group: Members Posts: 184 Dream Points: 633 Experience Points: 238 Joined: 28-October 14 Member No.: 526,839	QUOTE(GrahamKK @ Aug 9 2014, 03:34 AM) The beauty about wanting to trade forex, is that anyone can open a Free Live Demo account .. you can practice all you want without risking any real money. Only when you are confident that you have got it right, should you begin trading with real money. Definitely open a forex demo account and try out some demo trading. This will give you a good technical foundation on the mechanics of making forex trades and get used to using a trading platform. Demo account is the best way to learning without risk. In this case to learning about the trading sistem. But next step we also need learning and practicing for the psychology, so using a real account will be better -------------------- Fully Automatic System

Karen Smith	Apr 4 2018, 11:27 AM Post #6
Active Money Maker Group: Free Members Posts: 355 Dream Points: 1,389 Experience Points: 479 Joined: 28-November 17 Member No.: 623,296	Forex is one of the largest financial markets where traders get the opportunities to earn money via virtual currency trading. Here traders are engaging in currency exchange trading from different parts of the world. There are some important facts which all traders should keep in mind while trading in this market. Forex is highly competitive market where we are just small pawns. We should realize that only reliable and high regulated broker can provide us the original shelter where we can put our money safely. Most if the traders make this silly mistake of choosing wrong broker often. There are some other facts like spread level, leverage power, transaction system and process, trading environment, money management and many more which a trader needs to keep in mind here. -------------------- This is a Default Signature Update your Signature \| Upload your Picture/Avarta Click here to Advertise on DTM \| Free Directory Listing Enjoy more benefits by upgrading your account!

Ian Redpath	Apr 6 2018, 12:08 PM Post #7
Active Money Maker Group: Members Posts: 411 Dream Points: 1,156 Experience Points: 484 Joined: 5-April 17 Member No.: 606,478	Traders in forex market enjoy some infrastructural benefits that traders in other centralized markets miss. There are undoubtedly some differences while comparing forex with other financial markets. Micro trading; virtual trading; a true liquid market; 24 hour market; etc. all are variety of benefits that a forex trader is enjoying. However; as there is no monitoring authority to ensure security of funds from various fraudulent activities like an organized exchanges; it is the responsibility of the traders to select brokers after confirmation and proper due diligence. For this reason; I have chosen AAFX since this licensed broker is reliable; trusted; experienced and ensures me lowest zero spread; 1:2000 high leverage; fastest trade executions and security of funds through regulations. -------------------- This is a Default Signature Update your Signature \| Upload your Picture/Avarta Click here to Advertise on DTM \| Free Directory Listing Enjoy more benefits by upgrading your account!

Karen Smith	Nov 17 2018, 02:00 PM Post #8
Active Money Maker Group: Free Members Posts: 355 Dream Points: 1,389 Experience Points: 479 Joined: 28-November 17 Member No.: 623,296	There is no argument that a foreign currency exchange trader will require sufficient knowledge along with expertise to survive efficiently in this challenging field of forex. By this means, a trader must employ his sufficient time in practicing with demo trading account. I believe that my long journey in the forex market basically depend on adequate trading knowledge acquired by me in the process of practicing with demo trading account. -------------------- This is a Default Signature Update your Signature \| Upload your Picture/Avarta Click here to Advertise on DTM \| Free Directory Listing Enjoy more benefits by upgrading your account!

SonyaN	Jan 7 2019, 02:43 PM Post #9
Active Money Maker Group: Free Members Posts: 397 Dream Points: 1,323 Experience Points: 580 Joined: 2-October 18 Member No.: 652,381	Firstly, it should be to get education once we understand the basic of trading, then rest of the things become relatively easier to do. I work with FreshForex, where they not only have education to help me but there is also lovely conditions that further strengthens me. With their ECN account, one can trade with zero spreads, high leverage, no issues over re-quote and then you go to 101% Tradable Deposit Bonus, it’s all just picture perfect. -------------------- This is a Default Signature Update your Signature \| Upload your Picture/Avarta Click here to Advertise on DTM \| Free Directory Listing Enjoy more benefits by upgrading your account!

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