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Trading without experience

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  • #21
    Originally posted by Jacob Stone View Post
    And it is this kind of trading experience that defines a traders character whether he can endure when there is a loss.
    There is no business or venture that is always rosy, things happen that don't go well with you. Forex is the same, you just have to look for a way to move from bad trades and learn from such mistakes. And sometimes we must realize that things happen that are beyond our control.

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    • #22
      I couldn't agree less! Risks/losses are inevitable. We must accept them and find a way to deal with them.

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      • #23
        follow analysis and forecast

        A good way is to follow analysis and forecast of a broker like this
        Right now there is a promotion of 2000 usd immediately when you register until 22 januari.


        forecast.jpg

        It has free indicators and eas, bonus offers all year round.

        Request your bonus and practice.

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        • #24
          Yeah, without risk we cannot earn in Forex. We need to learn that if you wanna become successful in Forex, you need to learn about the risk management and money management.

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          • #25
            Originally posted by Fiddlesticks View Post
            Yeah, without risk we cannot earn in Forex. We need to learn that if you wanna become successful in Forex, you need to learn about the risk management and money management.
            What you said is not understandable for me. Without risk we can not earn?? So you need to take risk then you are going to earn???

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            • #26
              “In trading, as in life, you need a plan. This plan includes not only the micro a strategy for each and every trade you make but also the macro meaning why you trade, how you intend to reach that goal your means to the desired end, and what you’ll do as an alternative if that doesn’t work out.

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              • #27
                Originally posted by Beloved View Post
                What you said is not understandable for me. Without risk we can not earn?? So you need to take risk then you are going to earn???
                It is quite simple many traders don't trade as they are too much afraid of the risks that is involved in Forex Trading and hence they don't earn money. Hence it is necessary to take risks if we wanna earn.

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                • #28
                  Originally posted by Fiddlesticks View Post
                  It is quite simple many traders don't trade as they are too much afraid of the risks that is involved in Forex Trading and hence they don't earn money. Hence it is necessary to take risks if we wanna earn.
                  Risk without any management is waste of money and time both for a trader. If you want to earn money then first understand the market and then learn how you are going to manage your trade with money. Taking risk is not the solution.

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                  • #29
                    Yeah, but to manage risk also we need to risk and even to learn about the risk management we need to take risks. Thus to earn we need to take risks.

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                    • #30
                      Trading without experience is hard, but the only way to gain experience is to trade. There is no third option.

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                      • #31
                        Originally posted by mlawson71 View Post
                        Trading without experience is hard, but the only way to gain experience is to trade. There is no third option.
                        We better think of practicing demo account and it could be third option for learning the trading processes required in forex.

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                        • #32
                          It can take couple years before you start to become consistently profitable.

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                          • #33
                            Any business takes a time to settle down with your work and you can get constant profit. But as we all know, a loss is part of our every business.
                            We never know that when we are going to face loss, the same is in Forex.

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                            • #34
                              Originally posted by Zaxo
                              Trading on Forex is possible but we ahould have good basic knowladge about trading. I am reading blog about trading from liteforex for getting new information about trading
                              What specific blogs are you reading? I recommend this site not only for beginners but also for veteran investors Financial and Investment Articles, lots of written articles regarding forex, stocks, commodities, and guidelines about investing. As of now, there are about 130+ articles and keeps updating from time to time.

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                              • #35
                                Following traders with their blogs can improve our knowledge and motivate us to be better than what we are working right now.
                                To be successful, we have to understand the market so that we can make a good profit.

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                                • #36
                                  Forex Trading is the best way to make some good money online, we need to have lots and lots of practice to become successful in Forex Trading. For gaining experience and knowledge also we need to step into the Forex Market and we can do it by small investment methods.

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                                  • #37
                                    trading with inexperience is trading with the certainity to loose money....only way to gain experience..cost me 5,000 to become a relatively successfull trader 10 years later,

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                                    • #38
                                      You can trade without experience and we are all inexperienced when we first enter the Forex Trading, but we cannot survive for long in Forex Trading without proper knowledge.

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                                      • #39
                                        There is a big difference between trading with a demo account and with real funds, at some point you have to do it with your money to get the hang of it, to understand how is it to loss 100 $ and not some virtual funds. as long as you have support and you pay enough attention to education than you are good. I get some help from my broker, not making too much profit yet but around 15% over the last 3 month is good for me.

                                        Do you guys get any support from your account manager ? or from any other source (not talking about the forum)? if you have a any good guide or a video please let me know..

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                                        • #40
                                          Although FOREX trading occurs 24 hours a day throughout the week, it's best to trade during peak volume hours to guarantee liquidity. Liquidity is a trader's ability to sell a position, which is much easier to do when the market is most active. Assuming that you work a nine-to-five job, you'll be available for trading either early or late in the day. Depending on the currency pairs you're trading, high volume may occur at either end of the day. Either time may be the right time to trade.

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