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  1. #1
    Senior Investor Uncle Gober's Avatar
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    Default What makes your trading work?

    I am manually trading with a standard indikator from metatrader4. I think discipline is the most important rather than trading system.
    Do you use the best strategy in dealing to Forex?

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    Senior Member shere0901's Avatar
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    A beginning FOREX trader needs solid preparation before commencing to trade. The first priority is knowledge---learn all you can about the FOREX market, especially how currencies are priced and traded. Establish an online, non-margin FOREX account at a non-dealing desk broker. They make money from commissions only and do not trade against you. Learn the elements of technical and fundamental analysis so that you can develop a trading system. Read about money management, perhaps the most important determinant of profits and losses.

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    Traders often share their strategies, and you can learn from these if they are successful. However, their strategies may not work for you. When you're trading, there are a number of psychological factors that come into play, and these can affect your trading performance. It's important that you develop a strategy that makes you feel comfortable, otherwise you're likely to make mistakes.

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    Senior Investor Uncle Gober's Avatar
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    In forex you can lost your money in just a minute too. Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

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