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Thread: Making money in forex

  1. #1
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    Making money in forex

    Making money starts with a plan to make
    money. Such plan is of enormous importance
    when it comes to trading foreign currencies.
    But, besides creating a plan, a trader needs
    constantly follow it. How often trader brake his
    rules will affect how much money he will make
    trading Forex. Sounds simple: create and
    follow... However, there is a real challenge
    when trader follows the rules but rules fail to
    make money... it happens inevitably for every
    trading system known. If system had proven to
    be successful, sticking to the trading plan and
    firmly following the rules even when losing
    money will eventually yield profitable outcome.
    Having strong trading discipline and taking
    losses when necessary is a sign of serious
    trading approach.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  2. #2
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    Re: Making money in forex

    To profit in Forex sticking to a set of rules is not
    enough. Good money management is also
    needed. Knowledge of how much to trade per
    each open position and where and when to stop
    – is what separates successful trader from
    bankrupt trader. Many beginner traders over-
    leverage themselves being attracted by big and
    promising leverages offered by Forex brokers.
    The truth is that a big leverage is not only about
    a big win, but also when it comes to be so – a
    big loss. Leverage higher than 1:20 will not
    attract serious investors.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  3. #3
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    Re: Making money in forex

    Dking123!those were great speech you made there...and thanks to IAFT.

  4. #4
    Senior Member Aimee's Avatar
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    Re: Making money in forex

    dking123, is it your thoughts or you take it anywhere?
    Avoiding the phrase "I don't have time...", will soon help you to realize that you do have the time needed for just about anything you choose to accomplish in life!

  5. #5
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    Re: Making money in forex

    Aimee, is just my opinion
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  6. #6
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    Re: Making money in forex

    If you are looking for a business
    to make money full time or part time, Forex is
    the best option. It can make reasonable decent
    income for you and on the other hand, you will
    not have to be worried about the problems like
    marketing, advertising, referring and recruiting
    and even you will not have to be worried about
    competition.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  7. #7
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    Re: Making money in forex

    But the big question is that how you can find
    out the best time to buy and how you can
    predict that if you buy, the price will go up and
    you will make a profit? This is the most
    important question that makes you a successful
    trader.
    There are two methods to know the optimum
    time to buy and sell: Technical and
    Fundamental Analysis.
    In technical analysis, you can predict the
    direction of the price using the the price chart
    analysis and also with the help of some special
    tools that are called Indicators.
    Technical Analysis is a science and if you want
    to start working on Forex, you have to learn it
    properly, especially if you want to work as an
    intraday trader. It is not too hard to learn the
    technical analysis. If you are a focused and a
    serious person, you can learn technical analysis
    in a few months. There are a lot of free
    resources over the web that you can use to
    learn. There are some expensive training
    courses, but those who sign up for them are not
    happy and believe that they have learned
    nothing. So don’t waste your money. If you are
    serious to learn, there are a lot of free resources
    over the Internet. You can also visit this forum topic I will like to share with you
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  8. #8

    Re: Making money in forex

    A???? really taping into ??ur info...

  9. #9
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    Re: Making money in forex

    In wateva u do rememba dt simplicity is d essence 2 brilliance.
    "In the middle of difficulty, lies opportunity."

  10. #10
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    Re: Making money in forex

    Liteleto, I agree with you, because in anything you do you have to appear simple so that you can excel and pass the knowledge without any problems. In forex trading simplicity matters a lot.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

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