Everyone has a hidden secret in their trading arsenal. Do you guys care to share with the rest of us?
to me my secret of success in the forex market is not really a secret as such what it rather is to me is more or less the desire to use discipline to achieve desired results. the problem with most forex brokers seems to be the fact that they seem to lack this basic discipline.
I had the same problem when I first started off. I'd have a set of rules but emotions got involved and I would hang on to trades too long and end up hitting my margin.
When it comes to trading in the forex market i don't really believe there is anything like the Holy Grail or a particular secret that is the best what i recommend is for traders to have a strategy that is easy to follow and also possesses a high possibility of occurrence
when it comes to trading in the forex market the individual trader must realize that he does not necessarily know all as a matter of fact their is the need for the trader to constantly try to aquire new and relevant knowledge as the case may be constantly
My only secret to forex trading is to wait, wait, wait for a trading signal. It's better to not execute a trade than to trade without a valid trade signal. No matter what trade signal you use in your trading plan. This is more than a trading secret it's a requirement for success as a trader.
There is not actually any secret to forex trading. Like any other kind of investing it needs patience and experiment.
Those experiments can be very expensive. Just read every thing you can. Don't miss out on an opportunity to learn from other peoples mistakes.
The secret about Forex Trading is that there is no secret. All you need is knowledge. What moves the market, should be the first question you ask. I trade the fundamentals and use technicals just for entry and exits. This is my secret. I have realized that most traders do not understand fundamental analysis and so focus on Technicals which is a bit of a danger. let me explain Fundamental Trading - It is like driving a car and looking at the front screen and side glasses while Technical Trading - It is like driving a car and looking at the rear screen which posses a great danger A blend of the two can give you an edge in this market
Oh Kempee!!! I wish I know how to trade in the FOREX in the first place. It seems very complicated and I just started learning about it. There are so many brokers promoting their services both in excellently designed websites and well scripted narratives with images on youtube. I guess, the only secret that I can tell you is that "if it is too good to be true... BE VERY VERY CAREFUL". This is at least what I can say for now. In the future, and once I finally and fully immersed myself in the FOREX, I am pretty sure I will have some points to share as well.
