Top 10 rules for successful trading.

Discussion in 'Forex - Currencies Forums' started by alphatrends1, Aug 30, 2015.

  1. alphatrends1

    alphatrends1 Member

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    Become A Student of the Markets : The wording on this on is fine, just add this sentence to the end. Education yourself about what really matters, understanding market structure !
     
    Last edited by a moderator: Jul 8, 2016
  2. kgord

    kgord Senior Investor

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    I think with forex it is a bit more complicated than that. There is typically a whole pattern of signals you need to interpret. Also you have to know who your broker is, and understand about minimium investments and degree of support you can expect. I think Forex is different from just general trading in the market. although understanding the market as a whole and how it works, is certainly important!
     
  3. radex78

    radex78 Senior Investor

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    Forex trading is included in speculative investment, there are risk disclosure in forex if any trader maybe they losing money in forex business, because forex market actually very fierce, to survive in forex business as trader need proper learning and also always trade with risk management and money management, forex will become profitable if any trader already understand how to trade in this arena.
     
  4. Liam

    Liam Member

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    yes..by following all the rules appropriately one can get good success!!
     
  5. Corzhens

    Corzhens Senior Investor

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    As a speculative investment, forex trading is just like the stock market which involves the element of gambling. You can get a bonanza from your investment or you can lose everything. In other words, there is no sure-fire way to win in trading whether forex or stocks although losses in forex is minimal compared to losses that can be incurred by a losing stock.
     
  6. thedeatheater1410

    thedeatheater1410 Member

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    The world of forex trading is a high pressure, fast paced, and tempestuous ball game. It is almost an art to know how to ply the markets, and it is one that the most successful must spend years perfecting. There are no shortcuts in this race, no ‘get out of jail free’ cards, and no magic potions that will help you to achieve.
     
  7. Linda Smith

    Linda Smith Senior Investor

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    A successful trader always wants to make profit. Though it is tough, it is not impossible. He can make profit consistently, if he follows some rules. Successful trading most of the time depends on taking the right decision at right time. A broker can help to do successful trading in the market. Low spreads, high leverage can be the useful element to make a trade successful. I am also a trader. I am trading with TP Global FX. I always make plan to make my trading successful. My broker give me the guideline to make the trade successful and make profit consistently with their low spreads, high leverage and dynamic trading style.
     
  8. Brentwood

    Brentwood Senior Investor

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    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
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