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Thread: Important thing before start the forex trading

  1. #1
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    Lightbulb Important thing before start the forex trading

    I this five things are very important in the forex trading if you want to start the forex trading

    1 Get Basic knowledge
    2. Choose the trusty Broker
    3 Sufficient Investment
    4 Experience of Demo Account
    5 Proper plan and strategy

  2. #2
    Senior Member SMALLVILLE's Avatar
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    Please answer @sam9630 1. what is basic knowledge?(time period)
    2. How to know is a broker trustworth?
    3. How much is sufficient?

  3. #3
    Member earnbuddyearn's Avatar
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    Quote Originally Posted by sam9630 View Post
    I this five things are very important in the forex trading if you want to start the forex trading

    1 Get Basic knowledge
    2. Choose the trusty Broker
    3 Sufficient Investment
    4 Experience of Demo Account
    5 Proper plan and strategy
    I think you can add these too.
    6. Sufficient Investment with cufficient back up.
    7. Not Only Basic Knowledge, i think above 70% knowledge of Forex trading can do better.

  4. #4
    Member earnbuddyearn's Avatar
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    Quote Originally Posted by SMALLVILLE View Post
    Please answer @sam9630 1. what is basic knowledge?(time period)
    2. How to know is a broker trustworth?
    3. How much is sufficient?
    1. Basic knowledge = at least 6 months of learning with demo account practice.
    2. Its best to choose that broker whom you know personally.
    3. Its up to your need and capacity as per your plan.

  5. #5
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    i prefer knowledge and experience because without knowledge and trading skills we can not even move a single step .so that is why i suggest all new traders that before start train in forex and any other trading plat form they take a proper trading skills an knowledge and then start trading

  6. #6
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    yeah all your points are important but i think trader must have interest before starting trading cause interest made every thing easy in the field of trading we need to trade in real account after demo practice.

  7. #7
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    yes dear traders need to get all these things before they decide to start trading on a real account. these things will help the traders in avoiding facing the initial losses and they could be able to earn the money.

  8. #8
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    Knowledge is important for all traders and if we gain knowledge in start then we can trade in forex market for longtime and we an get good profits in forex trading, and all traders need knowledge and skills with time to get succeed!

  9. #9
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    I choose data and experience for the reason that with no data and trading skills we can not even move a single step .So to is why i put forward all different traders to ahead of start train in forex and at all other trading plat form they take a proper trading skills an data and at that time start trading

  10. #10
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    important things which are useful for new comers are getting knowledge from seniors are from demo account,because without knowledge you may face loss in it.so knowledge is must here to start such business,it is an easy job but experience also matters.

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