Jack Francisco

Why people Think Forex a Risky trading:Some people think that Forex is a very risky business. But day by day Forex's popularity rapidly increasing.My question is that if "It is a risky business then what are the reasons that most of the people are coming to join this Trading"?:haha:

we can use hedging when our order against the trend for longer time and to lock some loses then we can use hedging to save the balance and also we have the chance to convert it to profit hedging can be used with open 2 order at the same time and make it opposite each others, then we can lock the floating minus and wait for good profit and close the other

it's probably easier to understand the technical side first before knowing the fundamentals. At times fundamentals can give wrong information on the new release days or what could possibility happen. So have both in mind before trading but use them at 50/50 as one could go the wrong way and you have the other to back it up.

Forex includes not a lot of stuff to remember and cram as it includes some basic information to start but after taking a start there would be a lot of new strategies and different behaviors of market that is to understand and implement

my advise to you , visit Forex-Training.com this site provides high quality training and educational resources for foreign exchange ("Forex") and commodity traders. This site contains information which will allow the novice to develop an understanding of basic trading techniques, risk control, and finally opening and managing a Live trading account.

So far , 1. Greed 2. Trading without stop loss 3. Emotions Most traders said that these are the three main greatest weaknesses in Forex trading. We must find ways to tackle that.

In forex business you cant success easily but loosing all money easily and always don’t try to make a profit then you will loose.:haha:

You need to research and review brokers and then opt for one that suits your requirements best. I use Trader's way, FXCM and Alpari..all three are good [for me] but you need to do the research and select one that you think is the best. And try checking independent forex broker comparisons as opposed to one that's hinged heavily in favor of one broker or two.. And , forex.com sucks - from personal experience so would not be recommending them to anyone for a while.

Leverage is the ability to gear up your account- for low capital investors , a high leverage would be helpful as for example : you want to open a 0.01 lot of EUR/USD , using a 1:1000 leverage you will need 0.16 margin , but with 1:500 u will need 0.31 Margin ( depends on quote at that time ) so the more your leverage gets lowered the more margin you will need to open a trade . also keep in mind that high leverages are a potential risk for beginners so watch out of it

1 mins chart , 5 mins chart , 15 mins chart , 30 mins chart , 1 hour chart, 24 hour chart, 1 week chart , 1 month chart ??:crap:

I prefer to use technical analysis to trade forex .. by using technical analysis will provide comfort for me to learn to predict the forex markets

I don't believe 100 % in robots. But if you are using it- make sure that before choosing an automated trading system, ask yourself what type of trader are you? Are you a scalper, intraday trader etc? All the robots providers praise themselves with getting you amazing returns, but if you read between the lines, you realize that you must choose the robot which fits your trading style best. Otherwise you're simply throwing your money out the window.

Most businessmen or people said many times that this job is related to business so only business students or people can understand and do this. So, what you guys think, is it true?:haha:

To be frank with you- before when i lose - I used to break something found in front of me. but now when i have a losing trade, then i just leave a the terminal for a few minutes just to refresh my mind. because revenge trading is the most common reaction to a losing trade, to avoid that situation i make it a fact to refresh my mind whether there is a loss or profit in the trade. if we get tense about trading then close the computer for a while and do something else for some time, after you have cooled down then come back to trade:crap:

:helloooo: Good Riadh. by the way which broker are you actually using? I want to change my broker too and tell me also about the previous one you are using. Good luck

Thanks Jonny. Important conditions for selecting your forex broker are: - Borkers registered with CFTC : Commodity Futures Trading Commission or/and member of NFA : National Futures Assosiation . - Support answer you very very fast - no minimum amount to withdraw - Withdraw between 5 min to 24 hour (online banks) - small minimum deposit like $50 or $100 . (this condition is not very important because there some great brokers that their deposit $5000 minimum) - Logical BONUS - Small spread for majors :haha:

It’s a common knowledge that forex’s unique and different from other off/online businesses and most principles that apply to them don’t always count in forex. For example, in stock trading, the amount of shares an investor has determines how much profit you make when price rises. But in forex, success only answers to the right trading skills, experiences and the effectiveness of the strategy/plan used. Do you agree?:helloooo:

:helloooo: It would be better if you choose one among at least 3 brokers with a solid background,with many years in the markets,well respected,with a sound capitalization. They could be one n America,one in Europe and one in Asia.Then you spread your capital among them and plan to withdraw regularly.

of course. I guarantee you that this works if you use it in a proper way as stated. This for sure will provide 100 % win rate.

Many forex traders make good profits, but the results vary: Some say that doubling your money in a short time is achievable Some are satisfied with 5% to 10% returns Others keep on losing money – these traders don't stay in the market for long The amount of money you make in the forex market depends on your skills, dedication and attention to detail. To be a successful trader, you need to do the following: Learn everything you can about how the market works Develop a strategy that gives consistent results Pay attention to analyses from market experts Carry out you own detailed analysis before making a trade Know when to lock in your profits and to cut your losses Be patient and dedicated Don't let your emotions overwhelm your common sense

As described Title I want a strategic win at least 90% And are not an old thought And be simple and easy and uncomplicated awaited your responses:helloooo:

Great Frank- Don't worry pal, as long as you keep the spirit in you then you can collect a good capital for trading here because because this field provides a lot of profit. Please don't lost your hope.. Since a few a days I am completely satisfied with my performance as i see there is lot room for improvement and a consistent profits with EURUSD and now i am concentrating more in removing few weaknesses i noticed in my past trades .

Rarely Excel is very useful in trading. Microsoft Excel can be a powerful tool in making investment and trading decisions. By importing external data and using Excel's conditional formatting and formulas for calculations, investors can develop trading strategies and get instant buy and sell indicators. Click on the following link: How to Develop a Trading Strategy in Excel | eHow.com. This will definitely help you my friend.:helloooo:

well done, to make profit with consistent is better than make big profit but just for a while or once .. and this is the hardside from this business, make consistent profit and here is my target every time i open position for my trading sometimes i can make profit with very good and big and sometimes i just get a little profit..but with place me at positive are and always and it is better for me:helloooo:

I don't think so that scalping is dead. Indeed, If you want to make profits fast and like action, scalping is for you. Scalping is about getting a little profit on little trades. Many small trades a day gets a big profit at the end of the day. Be a careful pro. Scalping is the FX trading style for currency traders who want to make profits on a daily base. 1-2% profit every day, sounds good? That’s what professional scalper makes. The main benefits from scalping: High win rate You can make high profits faster than with any other trading styles :crap: