Essentials Of 'Forex'

This is a discussion on Essentials Of 'Forex' within the Forex forums, part of the Markets category; Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are ...

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Old Dec 18, 2012, 1:19pm   #9
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Re: Essentials Of 'Forex'

Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.
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Old Jan 19, 2013, 4:57pm   #10
 
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Re: Essentials Of 'Forex'

I agree that a good trading system is important but you also need to have the trading psychology sorted. If you don't have the nerve to hold trades open long enough you will never make a profit.
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Old May 21, 2013, 5:21pm   #11
 
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Re: Essentials Of 'Forex'

Forex offers a happy hunting ground for fundamentalists and technical analysts. Opening about 10 charts/trades is something interesting to watch. Watching 1 instrument all day can get very tedious.
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Old Oct 2, 2013, 1:34pm   #12
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Learn to trade first, don't do what 90% of people do by letting their P&L statements do it for them.
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Old Jan 17, 2014, 12:05pm   #13
 
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Risk management is key. I would risk only 2% of my account and if the market looks dicey I will risk less. That is the key to making it long term
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Old Feb 26, 2014, 11:46am   #14
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Quote:
Originally Posted by Pint0808 View Post
Risk management is key. I would risk only 2% of my account and if the market looks dicey I will risk less. That is the key to making it long term
Risk management, a solid strategy, control of emotions etc. etc. That's all important but still worth nothing when you screw up the entries. That's why I would say that one of the most important things is:

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Last edited by AlexanderCollins; Feb 26, 2014 at 11:47am.
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Old Aug 22, 2014, 11:35am   #15
 
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Best trading is that which comforts you and there is always risk in the trade as no trade is gonna give you 100% profit. Be Optimistic!!!
Happy Trading to all!!!
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Old Aug 27, 2014, 3:35pm   #16
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What do you recommend to read?
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