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[Razor1911]

The forex uncertain market is the uncertain market. At any point of time the market may shift its stance. In such a risky businees it is very important that you should have proper plan to work with, such plans only will minimize the risk.

Having plan is of no us until you know how to execute them. And for that your knowledge and experience comes into play. For a trade to be successful, a plan with a perfect execution is very important.

 

[forexsavvy]

Absolutely correct dude! To stand in forex market for long, back - testing of trade plans is very important so that it will affect less on your live trades.

 

[a_jerobon]

That is very true. It is never good to start any forex trading without a good plan, you will open doors for so much loss. That planning only comes from good knowledge and so one should take some good time learning about the forex market and using a demo account.

 

[Skysaint]

The high risk in forex trading actually calls for having a good trading plan before making any move in forex trading. One needs to be cautious and courageous to plan out his strategy well otherwise will be prone to make great losses

 

[Skysaint]

I agree, with a good strategy and planning, we know and understand what we have to do, and of course every step we take will not harm our trading. so it is very important to make a good plan and strategy in forex trading

Yeah, there is a need to apply an awesome strategy when dealing with forex trading as it's a risky business as we all know. Just ensure that any strategy you want to use actually do come from experience

 

[Skysaint]

very true, because actually all strategies are the same, what is more important than that is our ability to continue to be disciplined to run it, because it is useless for us to have a good system or strategy if we are not able to run it well

Lol I disagree, all strategies are never the same. The kind of strategy employed by a beginner while trading in forex cannot be the same or as effective as that employed by an experienced professional in the trading business.

 

[Oluwaa]

I recently received some signals on forex from a friend who was good in forex but this time around he was wrong which makes me consider buying trading bot instead of just planning and learning and still loosing, what do you think

 

[Oluwaa]

what do you think the trading strategy is for? to make a profit right? Is there really a trading system made for the purpose of loss? that's why all trading systems are the same, we just have to look for a trading system that suits our trading style because there are millions of trading systems available in this world

There are many methods that actually lead to profit but it must be learnt over time, the method I use is different from my teacher's own when I was learning forex

 

[Razor1911]

There are many methods that actually lead to profit but it must be learnt over time, the method I use is different from my teacher's own when I was learning forex

You can get readymade strategies in the internet. But you cannot simply apply that strategy and make money. Market situation is not same always and keeps on moving. So you need to to analyse the market and then implement strategy.

 

[Skysaint]

You can get readymade strategies in the internet. But you cannot simply apply that strategy and make money. Market situation is not same always and keeps on moving. So you need to to analyse the market and then implement strategy.

I do agree with you on that. You really have to make some analysis, and from what you've got you then implement your own strategy. I've been learning about forex for sometime now, hope to be fully involved when I get the self confidence to do so.

 

[Wisdom01]

Having no plans on how to take up trade and others is just like gambling in the market , we need plans to take up trade effectively and earn profit too

 

[Razor1911]

Having no plans on how to take up trade and others is just like gambling in the market , we need plans to take up trade effectively and earn profit too

Yeah, we just can't go blind to start trading. We need a plan , which pair to buy and sell, at what price, what would be our stop loss and take profit. Etc. These all are part of the plan.

 

[Wisdom01]

Yeah, we just can't go blind to start trading. We need a plan , which pair to buy and sell, at what price, what would be our stop loss and take profit. Etc. These all are part of the plan.

Yeah you are definitely right , we should always consider stop loss ,many have lost out some amount of money trading since they didn't set the stop loss after executing the trade

 

[Skysaint]

Yeah, we just can't go blind to start trading. We need a plan , which pair to buy and sell, at what price, what would be our stop loss and take profit. Etc. These all are part of the plan.

You are right mate. They are all part of the plan. One needs to be calculative and as well as being careful while dealing with forex and these you just mentioned would be a nice place to start achieving that.

 

[Wisdom01]

You are right mate. They are all part of the plan. One needs to be calculative and as well as being careful while dealing with forex and these you just mentioned would be a nice place to start achieving that.

Yeah there must be that manner of calculation before making a trade ,just like what happened in the last Bitcoin bearish market where the price fell ,you could see how it moved so low ,only wise investors would be able to place a proper stop loss at that moment to reduce the amount of loss that would be accrued

 

[Dav1d]

The forex uncertain market is the uncertain market. At any point of time the market may shift its stance. In such a risky businees it is very important that you should have proper plan to work with, such plans only will minimize the risk.

Having plan is of no us until you know how to execute them. And for that your knowledge and experience comes into play. For a trade to be successful, a plan with a perfect execution is very important.

You are right though, for you to have a plan you need to first understand what you are doing and how it works in general, after that you can have a proper plan then. You should also have a backup plan Incase the market shifts as well.

 

[Dav1d]

I just left the forex chart not long ago and I can tell you this assertion is an 80 percent to 20 percent achievability,the forex market are not bothered about your plan or how you connect your support and resistance level,the major aim is to milk the market with so ever strategy you have in place.
I am an ardent user of bots which most people disk but I still get my winning trade in multiples.

I have heard about these bots but are they really effective? And how do they really work? I know of some persons who do not trust bots in taking trades for them, they would rather take trades themselves than pay for bots.

 

[Brain]

Forex trading is just like any kind of tradibg that needs proper planning before execution so to get it right with forex it is important to lakd out your plans and then use them to execute properly to get success. You can only be successful with a risky business like this when you are absolute in control of your plans

 

[Dav1d]

Most of the bots we easily come across are the free bots, and we know quite well that when something is free its a sign that it's not all that effective,we have good bots that take range of the trends, support and resistance zone as well as using the best lots size to cumulate the risk involve.

Yea when it comes to things like this, you cannot get the best quality or result with a free product, the paid ones would offer more benefits. But with these bots does it eliminate losses or it just reduces it

 

[Karaman]

Your free strategy your free money