Success in Forex

Discussion in 'Forex - Currencies Forums' started by rachel, Aug 14, 2014.

  1. owesem75

    owesem75 Well-Known Member

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    I am a new investor and trying to figure out how to invest in the FOREX.. reading this note makes me wonder... is FOREX for me? I cannot even afford thinking that I will put $1000 in to this... scary. I think I have to figure how to have a better mindset first and then study FOREX again once I am ready.
     
  2. E.Mil

    E.Mil Guest

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    Forex can be scary, I haven't done it yet and when I think about it I do get a little nervous. I'm trying to learn as much as I can because I want to be confident when I do try and I hope to be successful.
     
  3. gracer

    gracer Senior Investor

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    I have been considering Forex before but as I hear the stories of how hard and risky it is I began to think twice. I really think one needs to have good training on Forex first before engaging in real trading. As far as I see it, one has to have great skills and a lot of courage to be able to compete in this market. For now, I can say I still don't have the required skills to succeed in Forex, so I'll just keep on learning first.
     
  4. Onionman

    Onionman Senior Investor

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    Start with risk control rather than what returns you want to make. I'm sure there are many strategies out there but as long as you apply the right risk disciplines consistently you shouldn't lose your shirt - that's the first thing you've got to avoid. Definitely do your homework first. Too many people get excited by flashing lights on a screen and forget that it's real money they're earning or losing.
     
  5. Linda Smith

    Linda Smith Senior Investor

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    Everyone wants to be a good trader. But it is not easy to become a good trader. If you want to be a good trader, first of all you should know all the format, theories and structure of forex market. Without any knowledge your investment will be a loss project. To make profit in forex market by investing money you should follow some basic steps. Gathering knowledge, selecting a good broker and wisely make decision is the main elements of successful trading. I always take decision very carefully while i am going to trade in forex market. In taking my decision Tpglobalfx helps me very much. they are helping me to become a successful trader in forex market.
     
  6. Alex007

    Alex007 Member

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    To be a successful trader, it is important to comprehend the estimation of misfortunes, as without that we are not going to be make benefits either. Regardless of what happens we ought to dependably hope to gain from a trader, as it is not just the cash that is sure in a trade, yet additionally to have the capacity to learn and get a decent lesson is another crucial part. In this manner I want to trade just with XeroMarkets, as they give me their master analysis and up to date news. It also provides ulta low spreads as low as 0 pip.
     
  7. Phillip Mark

    Phillip Mark Senior Investor

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    Don't bother joining etoro, you'll be just another number. That platform is so crowded and customer service is a mess.
     

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