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 | Forex Trading: How To Become Successful And Win Big In The Forex Market https://tradingpart-time.com submitted by Floogieltradingco to u/Floogieltradingco [link] [comments] Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money. Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex. = > Click To Read The Entire Article https://tradingpart-time.com https://preview.redd.it/97ih0jcyf4c11.jpg?width=640&format=pjpg&auto=webp&s=0f812d7d00126b3582cf21474d4780759746cf5e |
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 | submitted by MxLawal to u/MxLawal [link] [comments] https://preview.redd.it/9fiwhr3in7g51.jpg?width=512&format=pjpg&auto=webp&s=8b015dd89d0db8f7e87c819b1363ccecad041f77 Many people erroneously believed that no one can make profit consistently through forex trading. Often times, they blame others for their losses while forgetting that they are responsible to decide whether their trade ends up in profit or loss. “Champions never complain, they are too busy getting better”– John WoodenFor those who have the right mindset that they are going to be among the few who make a fortune by making profit consistently in the financial markets; they always take up the challenge to identify the problems and find solutions to improve themselves. They always have the inner drive and determination to find their trading mistakes and fix the problems which will help them to improve and become an expert trader. This positive attitude is very crucial in helping a loser to become a winner in forex trading. If people like Warren Buffet and George Soros can make a good life trading the financial markets, why can’t anyone who is ready to learn, consistently review and improve his/her trading plan, do it better?From my own personal experience in trading the financial markets, I want to humbly share the following problems and really hope that it will help other traders to trade better and become winners in forex trading. Although, there may be more, these are the Eight common problems I have encountered and heard many other traders struggle with in their process of making profit consistently in forex trading: (1) Too early entry (Emotional triggers) (2) Too late entry (Doubting your analysis) (3) Too early exit (Panic Take Profit) (4) Too late exit (Greedy delay) (5) Holding on to losing trades against the market trend (Stubborn traps) (6) Using too high lot sizes (Over leveraging your account) (7) Poor money management (Investing more than 2% of your account balance or equity on one trade) (8) Poor risk-reward ratio (Having too many open trades running simultaneously) Steps to diagnose Trading Problems(1) Check your trades at the end of each trading week; mostly on Saturday or Sunday evenings.(2) Review your trading log or Account History. Make sure you are very honest and practical with yourself. This is about money. It is better to criticize yourself very hard than to regret losing your hard-earned money due to cheap errors or mistakes. By honestly following the steps above, you should be able to identify any of the Eight Common problems listed above. This will help you to know which of the problems is most commonly affecting your trading outcome or reducing your profit. When you have successfully discovered this highly important problem or problems (if more than one), then you can focus on solving them sequentially, starting from the most frequent to the least common as revealed during the review of your trading log or Account history weekly. It is important that you never stop conducting the weekly review, so as to constantly learn and improve for better trading. Doing this consistently will help you to personally understand your own psychology and problematic behaviours or habits and also see if you are improving or not. With your commitment to this self-improvement process, you will surely become an expert in forex trading and your capacity to make profit consistently will improve significantly. Then you will become a forex winner for life! “Learn from your losses, and improve your analysis for higher profit”.https://preview.redd.it/qfl1nsikn7g51.jpg?width=512&format=pjpg&auto=webp&s=bc69d61f28ab6b8da8251c1825aecc21bca7e60e Summary If you can carefully follow the steps and work towards avoiding the Eight Common problems mentioned above, there is higher chance that you will be able to trade better and achieve more profits in Forex Trading. Most especially when you choose a reliable forex broker like OlympTrade due to their unique and innovative trading platform. Considering my years of trading experience using the OlympTrade website or mobile App, I sincerely assure you of making consistent profits, if you take personal responsibility by identifying and fixing the Eight Common problems highlighted above. By now, I hope you are more confident that you can make profits consistently and live a good life through forex trading. Thanks for reading and adding your own comment to this article. Trade to win! |
Discover the advantages of forex trading, and how to utilise key concepts such as the carry trade, forex analysis and major global trading sessions. Trade with a proven forex trading strategy or a combination of strategies. A proven strategy is one that is comprehensively back-tested and has been shown to work consistently. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. The Best Online Forex Trading Experience! ⭐ Trade Forex, Stocks, Commodities, Cryptos & Stock Market Indices with AvaTrade's Award Winning Platforms To trade forex, choose a brokerage that is regulated by a major oversight body like National Futures Association (NFA) or Financial Conduct Authority (FCA) and open an account. Read and analyze international economic reports, then choose a currency you feel is economically sound to trade with, like the US dollar or Euro.
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Timestamps: 1. Get into a community of like minded traders: 00:53 2. Adopt a Trading Strategy/Style that fits with your Personality: 04:20 3. Open up a Demo ... FOREX.com is a global leader in forex and CFD trading for individuals worldwide. FOREX.com is a division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a globa... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... TradingView Forex Tutorial: How To Place Trades On TradingView Sign up for TradingView (free): http://bit.ly/2zxEzh0 In this Forex trading vlog, I share how ... Join the ForexSignals.com Trading Room: https://bit.ly/2xmRgvk How do you get started in the forex business? In this video, I will list the most important st...