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If you want to make a living in the foreign exchange market, you should familiarise yourself with manual trading. Because you can't automate your trading if you don't know anything about manual trading. You can only use an automated trading system if you have some experience with manual trading...
Trading bots are useful in automated trading. They can also help you make profitable trades. However, relying solely on AI-based software and applications is not a good strategy. If you want a long-term career in the forex market, you should try to learn about manual trading.
Icmarkets is one of the brokers I started trading with, and now using aaafx as well. Never had a problem with any of them. Withdrawals have always been on time with neteller that I use for payment.
Hi there, welcome to FF! If you spend time understanding the importance of risk, money and time management in this market, you will be able to plan your approach correctly. Analyse the market sentiment closely and you will definitely figure out a way. Good luck!
Understand the market and its fundamentals that affect the market movement. Knowledge and skills are very important tools in forex trading. You need to develop and refine the skills required to trade forex properly.
Hello, welcome to the forum! How is your experience in the market so far? You need patience, skill and knowledge to reach your goals, make the most of whatever comes your way. Good luck!
These above-mentioned qualities are great no doubt but if the trader refuses to learn from past errors, how will they move forward towards earning profit? They have to have an adaptable attitude and open mindset to revise their strategies if needed. They should be patient and open to learning.
This is a very simple strategy, which will also be easy to execute for beginners. But I wonder if anybody has used it practically and if it still works?
You can try your hands on EUR/USD. These pairs are beginner friendly and with less volatility. This currency pair has the currencies from the countries that are the world’s largest economies and are easy to anticipate.
There is no quick way to profit in the forex market. The only thing you can do is put in a lot of effort and be completely committed to the process. Your in-depth knowledge and understanding of the market is the most important factor in determining your level of profitability.
Everything you do in life must be done with dedication. Put yourself in a position where you can learn from everyone and everything you come into contact with. Read books, watch videos, and do everything you can.
Reading up about how to trade won’t make you a successful trader. You will have to gain practical knowledge about the topic to be sure about your trading skills. Work on developing them with time. Use different strategies and trade during different times until you are sure about how you want to...
Learning is done better when you don’t have money doing rounds in your mind. It’s obvious that you want to trade because you want to make money. But as it is not easy to do so, it would be better if you learn well and take small risks until you know the reality behind making money.
Risk management is just a way traders use to reduce the impact of losses on their future trades. You may or may not be profitable, but if you are not taking unnecessary risks, you save your money and make use of it in the right manner to stay in the market.
Forex is only about knowledge. Robots are secondary. Without knowledge, you cannot even use forex robots. It is all about knowledge. If you think that you can succeed by just trading robots, you are living in a false utopia from which you have to come back to the world of reality. If someone has...
Learn the basics at least before starting trading. Forex is not a quick way to get rich. Most professional forex traders would earn around 2% monthly return on average in the long run, which is kind of a more realistic return you could expect.
Follow these steps:
Enhance your trading knowledge...
They are all good in terms of trading. It has to be a matter of choice.
starting with the forex market are volatile depending on the currency you are trading. Binary is more volatile than forex and makes quicker cash than forex in one sense. Crypto is relatively the least volatile but also good...