Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

ritika1124

Helpful Tips and Tricks About the Forex Market

Recommended Posts

Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

Share this post


Link to post
Share on other sites
Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

 

Here are some tips for you :)

 

Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.

 

Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.

 

Step 3. Choose a methodology and then be consistent in its application.

 

Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.

 

Step 5. Calculate your expectancy.

 

Step 6. Focus on your trades and learn to love small losses.

 

Step 7. Build positive feedback loops.

 

Step 8. Perform weekend analysis.

 

Step 9. Keep a printed record.

Share this post


Link to post
Share on other sites
Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

 

at first start out, focusing in learning not earning. read as many resource you can. and try your training immediately with demo account. trade carefully, write down on paper your trading plan, record any bad/good result, evaluate. besides, pencil and paper are best tool you have at the first place, human history proof it. :)

Share this post


Link to post
Share on other sites
Here are some tips for you :)

 

Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.

 

Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.

 

Step 3. Choose a methodology and then be consistent in its application.

 

Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.

 

Step 5. Calculate your expectancy.

 

Step 6. Focus on your trades and learn to love small losses.

 

Step 7. Build positive feedback loops.

 

Step 8. Perform weekend analysis.

 

Step 9. Keep a printed record.

 

 

Can you please provide specific examples on your tips? ;) All your reasonings would be much interesting providing that you include some practical information..

Share this post


Link to post
Share on other sites
Here are some tips for you :)

 

Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.

 

Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.

 

Step 3. Choose a methodology and then be consistent in its application.

 

Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.

 

Step 5. Calculate your expectancy.

 

Step 6. Focus on your trades and learn to love small losses.

 

Step 7. Build positive feedback loops.

 

Step 8. Perform weekend analysis.

 

Step 9. Keep a printed record.

 

Please post specific examples. so it`s become more clear to us :)

Share this post


Link to post
Share on other sites
Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

 

First and most important advice - find some solid regular offline income, because I'm sure trading will suck out lots of bucks from you :)

Share this post


Link to post
Share on other sites
First and most important advice - find some solid regular offline income, because I'm sure trading will suck out lots of bucks from you :)

 

Hello fxpartyguy,

 

I don`t think so. if i have good experience and knowledge also i can trade well then its can`t suck. About loss, yes i think every trader face that.but from that we get chance to recover our mistake. Though right now i am PT trader but i am thinking to be FT trader. :missy:

Share this post


Link to post
Share on other sites
Hello fxpartyguy,

 

I don`t think so. if i have good experience and knowledge also i can trade well then its can`t suck. About loss, yes i think every trader face that.but from that we get chance to recover our mistake. Though right now i am PT trader but i am thinking to be FT trader. :missy:

well experience and knowledge are long term condition to be achieve. fact why he suggest to have a proper job before trade, in order to maintan a proper living expense before trade.

part time trader always good choice, when everything ready trader sometimes quit their job and become a full time trader.

Share this post


Link to post
Share on other sites
Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

 

 

I hope you have started off with a demo account and not straight to a live one. Demo account helps you learn a lot.

Share this post


Link to post
Share on other sites

ritika1124, Welcome aboard.;)

I see you got your Golden C... what are you selling to your "Great to here friends"?

Great to here friends,

I want to learn best forex trading. So anyone who have good experience, plz share some knowledgeable Fx trading tips here.

Tips must be relevant to anyone looking make a second online revenue in Forex trading.

 

I hope you have started off with a real account and not straight to a pretend one. Real account helps you learn a lot.

Share this post


Link to post
Share on other sites

Start with educational sources and keep learning about Forex over time, begin trading with a demo account to test your skills, use analysis and indicators which help to build a good strategy but keep it easy and understandable for you, track your loss/profit ratio.

Share this post


Link to post
Share on other sites
  • Trade only with money you can truly afford to lose
  • Master your own emotions first
  • Master one effective trading strategy
  • Forex Trading Education

Some of the globe’s top successful forex traders use following forex basic tips, tricks and processes that help them trade profitably:

  • Use the weekly chart
  • Avoid too much trading operations
  • Raise the risk ratio for any distinctive trade
  • Not to conduct business transactions at one time
  • Determining the profit target for your trade
  • Build appropriate strategies
  • The use of leverage sufficient

Share this post


Link to post
Share on other sites

Don't Run out of Chances  A list of 20 Forex tips for beginners to help you along your trading journey in 2019. If you already have experience with Forex trading, it's always good to remember the basics.

  • Choose Your Broker Wisely.

  • Create Your Own Strategy.

  • Learn Step-by-Step

  • Take Control of Your Emotions

  • . Stress Less

  • Practice Makes Perfect

  • Psychology is Key

  • No Risk, No Success

  • Patience is a Virtue

  • Continuous Education

  • Take Breaks

  • Don't Run out of Chances

  • Greediness Leads to Risks

  • Use Stop-Losses

  • Analyse Your Trades

  • Experiment

  • Trends are Good for You

  • Seek Competitive Conditions

  • . Plan in Advance

  • Know the Charts

  • Experiment

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.