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Guest vic2

How to Make Money on Forex

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Guest vic2

The most frequently discussed topic among forex traders is how to get rich quickly. Traders areconstantly looking for strategies that can earn hundreds of percent per month. Many of the forextraders increase the profitability of the strategy increases the risk to unacceptable limits. Many of theforex traders increase the profitability of the strategy increases the risk to unacceptable limits. Thisapproach very often leads to the destruction of the deposit, and trade in the forex market becomes agambling. Read more: http://www.scribd.com/doc/150492602/How-to-Make-Money-on-Forex

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I agree with you. There are lots of people who think that Forex is such a market where it is possible to become rich within very short period of time. At the end of the day they lost their all money. I would like to suggest to all the newbie that if you really want to sustain in this market then you need to practice demo trading for at least 2 month. Within this period you would become familiar how to trade. More importantly you would also find your own mistake at that time. It would help you immensely when you start real trading.

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Making money in forex is easy guys,,

I've been trading in lite fx and gaining hundreds of dollar every weeks...

The first you do are:

1. join and open account in lite broker

2. Register in moneybooker to deposit fund to the broker

3. Learning how to operate meta4

4. Learning how to trade

5. Start making money there..

 

success for you...

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Factors like emotions and slippage cannot be fully understood and accounted for until trading live. Additionally, a trading plan that performed like champ in backtesting results or practice trading could, in reality, fail miserably when applied to a live market. By starting small, a trader can evaluate his or her trading plan and emotions, and gain more practice in executing precise order entries – without risking the entire trading account in the process.

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Making money in forex is easy guys,,

I've been trading in lite fx and gaining hundreds of dollar every weeks...

The first you do are:

1. join and open account in lite broker

2. Register in moneybooker to deposit fund to the broker

3. Learning how to operate meta4

4. Learning how to trade

5. Start making money there..

 

success for you...

 

this sounds so simple, but I would love if you could elaborate on the point 4

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Trading is the game of probability. So here to make profit consistently we need a god trading strategy and choose proper risk/reward ratio and risk management suit with that strategy.

 

If we can established it we can make profit manually or even we can make profit by making that strategy automated.

 

Some people profitable with 30% hit strategies and some people even loser after having 70-80% profit hit rate. So success not depends only on good trading system but also depends proper risk management.

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In order to answer this, one needs to understand where he is at current point. The best you can do, is accept that becoming a professional trader usually takes years and you will need to treat it like a business.

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In order to make money from forex we better have to learn forex trading techniques and besides all those necessary skills we also have to have the necessary funds to start forex trading business.

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Transcript of coach's comments

"Based on recent performance we are going to bench Captain Obvious and start aimhi this week... "

 

 

btw folks... this is now the 10th off topic post in this thread... look where we are... Automated Trading Black box systems, strategy automation, algorithmic trading, etc...this is a bot thread... the only on topic post was the first one

Edited by zdo

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On 09.08.2013 at 10:14 AM, hermawati said:

Making money in forex is easy guys,,

I've been trading in lite fx and gaining hundreds of dollar every weeks...

The first you do are:

1. join and open account in lite broker

2. Register in moneybooker to deposit fund to the broker

3. Learning how to operate meta4

4. Learning how to trade

5. Start making money there..

 

success for you...

It looks really simple and nice but I guess when people practice they meet some problems between 4 and 5 points. Success depends of broker you choose and of his conditions. Also don't forget about theory and patience.

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    • $DXCM (DXCM) DexCom stock top of range breakout watch above 75.61,



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    • Date : 24th April 2018.

      MACRO EVENTS & NEWS OF 24th April 2018.



      FX News Today

      European Outlook: Asian markets moved mostly higher overnight, following on from a positive session on Wall Street and amid ongoing USD strength with a weaker Yen underpinning a 0.75% rise in the Nikkei. The Hang Seng is up 0.94%, the CSI 300 rallied 1.75% amid speculation that the government is considering easing some policies put in to limit the credit boom. The absence of any negative news on the trade front seems to have given stock markets some breathing space and U.S. futures are also up in tandem with U.K. futures. Oil prices are also up and the front end Nymex future is trading at USD 69.14 per barrel. For now though bonds are getting a boost and stock markets are also higher, with most European futures posting gains in tandem with U.S. futures and after a positive session in Asia. Today’s calendar focuses on confidence data out of France, Germany and the U.K.. The U.K. also has public finance data and Germany auctions 2-year Schatz notes.

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      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

      Click HERE to access the full HotForex Economic calendar.

      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news. 


      Andria Pichidi
      Market Analyst
      HotForex


      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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