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  1. #1
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    Default Follow some rules in Forex Trading

    Successful traders follow some important rules. They use new strategies at real account only after testing them with demo account at least during two months.

    The main reason of frequent loss at the real account is the risk of own money, and emotions often don’t allow to realize correct money management strategy. Therefore it’s extremely important to learn how to manage emotions and fight stress trading with live account, with help of knowledge, analysis, and sense.

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    Senior Investor Uncle Gober's Avatar
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    Money management is very important and every trader should have proper money management to avoid their precious money from loss. Money management leads us towards successful trading. We can achieve our goals of success in if we have proper money management system. Now, I try my money management system in demo contest to hone my strategy. Currently I am participating in Armada Markets demo contest and link

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    Investor CahCuncun's Avatar
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    yes, money management is indispensable in of forex trading. Due to a good money management so we can trade with any longer. therefore we need a lot of practicing good money management so that we can benefit from forex.


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    Quote Originally Posted by CahCuncun View Post
    yes, money management is indispensable in of forex trading. Due to a good money management so we can trade with any longer. therefore we need a lot of practicing good money management so that we can benefit from forex.


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    There are various aspect of forex that has to be followed and money management is one of the most important one, you can keep your records in a excel sheet where you can maintain records according to your needs.

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    Senior Investor Kaito Kid's Avatar
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    first of all you should train yourself and learn about every things of trading forex. A demo trading can give you experience and boost your confidence. Then before trading Plan how you will trade and always trade according to your plan.

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    Quote Originally Posted by Kaito Kid View Post
    first of all you should train yourself and learn about every things of trading forex. A demo trading can give you experience and boost your confidence. Then before trading Plan how you will trade and always trade according to your plan.

    Planning is important but to make profitable trades you have to be very versatile with your planning, management, emotions, you have to be in full self control.

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    Quote Originally Posted by vic84 View Post
    Planning is important but to make profitable trades you have to be very versatile with your planning, management, emotions, you have to be in full self control.
    The key is to find a simple methodology that generally works bearing in mind that no one indicator works all the time. Try and keep it simple and stick to a strategy that you feel comfortable with.

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    Senior Investor Uncle Gober's Avatar
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    it is very good so have the knowledge of this business and have the experience of this business then you will have the profits for the life time of this business and you will get the success so learn and then do this business and learn the rules of this business then you can do this business successfully.

  10. #9
    Investor CahCuncun's Avatar
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    knowledge is very important in forex, because the knowledge we can trade well so we can get the maximum trading. To get trading knowledge we can join in forum Forex. in forum forex we can get knowledge trade with other trader

  11. #10
    Senior Investor Uncle Gober's Avatar
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    If we do not follow our trading rules that mean we cannot find exact entry and exit point on the other hand without following rules we cannot handle emotions and greed well. Because we can control these when we make sure that we did not mis any of trading protocols that we make for our trading.

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