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[codescript94]

Forex is one of the most profitable and least dangerous options for a trader to operate safely in the financial market today. That said, there are some tricks and strategies that make it possible for the trader most of the time to be able to profit from their operations. Which strategy do you use and which has been working well in your trades?

 

[Frenzybliz]

By far the largest market in the world in terms of average daily trading volume in terms of dollars is the currency market, which dwarfs the stock and bond markets. Position trading, as opposed to day trading, calls for maintaining a position for days, months, or even years. It is the best forex strategy ever because it spares traders from having to deal with sudden fluctuations in price.Patient traders should use this method.

I practice risk management. As forex trading involves potential risks, I always make sure to use protective stops to limit the potential losses I may suffer. Additionally, I never invest more money than I can afford to lose and always try to diversify my portfolio to mitigate risk.

 

[Flower]

I practice risk management. As forex trading involves potential risks, I always make sure to use protective stops to limit the potential losses I may suffer. Additionally, I never invest more money than I can afford to lose and always try to diversify my portfolio to mitigate risk.

Most of the forex brokerage has made purchasing and acquiring the currency pairs effortless and it is more like trading on automation through the self-sufficient tools integrated on their platforms. Utilising the stop loss and take profit make it uncomplicating.

 

[rush08]

Always use good money management in other to reduce your risk while trading in the forex market. Many people due to greed and quest to make quick money usually neglect the use of money management and stop loss to reduce risk while trading.....

 

[Wisdom01]

Most of the forex brokerage has made purchasing and acquiring the currency pairs effortless and it is more like trading on automation through the self-sufficient tools integrated on their platforms. Utilising the stop loss and take profit make it uncomplicating.

it's really uncomplicating , with the stop loss and take profit features ,the traders could set trades and even feel relaxed at some point in time and then make proper entry that would really make him more money the way he actually wants I think

 

[Frenzybliz]

Actually perfect. Management plan is always the best plan in every business and this always make your risks to be somehow safe. Most people who don't know how to manage risks are always finding it difficult to make their business become successful. Sometimes you can equally make profit from the business but if there is inadequate risk maanagement it can bring you down again.

You should also develop a trading plan. This plan should include details about your entry and exit points, the amount of capital you are willing to risk, and the time frames you are looking to trade in. This plan should be tailored to your individual trading style and risk tolerance.

 

[Franca01]

You should also develop a trading plan. This plan should include details about your entry and exit points, the amount of capital you are willing to risk, and the time frames you are looking to trade in. This plan should be tailored to your individual trading style and risk tolerance.

The entry and exist point is always very important in your trade, if your make mistake, it is lucky that your trade will not be successful. As a trader you need to be discipline to these two points.

 

[rush08]

Good strategy would always give you a good profits if they are well managed and executed. Make sure you apply good money management and try to avoid greed and much anxiety while trading in the forex market....

 

[Flower]

it's really uncomplicating , with the stop loss and take profit features ,the traders could set trades and even feel relaxed at some point in time and then make proper entry that would really make him more money the way he actually wants I think

With this type of feature, you can leave the screen to do something else because you know that you have already set the limit to the trade. In the absence of this, it will be hugely ardous to leave the screen because you could lose your fund very quickly.

 

[rush08]

The only way to be profitable in forex trading is to use good strategy and apply good money management during each trade session. Many people loose out during trade because they fail to apply good strategy and money management....

 

[Wisdom01]

You should also develop a trading plan. This plan should include details about your entry and exit points, the amount of capital you are willing to risk, and the time frames you are looking to trade in. This plan should be tailored to your individual trading style and risk tolerance.

That's definitely the thing , although regarding the timeframe to consider ,I think it's best for the trader to consider a better time frame inorder not lose more money ,like the time frame that is been used should tally with his investing something or scheme

 

[Wisdom01]

With this type of feature, you can leave the screen to do something else because you know that you have already set the limit to the trade. In the absence of this, it will be hugely ardous to leave the screen because you could lose your fund very quickly.

Exactly most especially when the person really sleep off without placing proper check up on the traders then there could actually be more problem ,it's the reason why the person should actually be more watchful before anything

 

[Ben Kempton]

The combination of technical analysis with fundamental analysis is the forex trading technique that yields the most profits.Technical analysis can assist you in deciding whether to purchase or sell a currency based on its price history, while fundamental analysis will explain what influences a given currency's value.

I shall be using much more than that in order to start trading. I am taking a much more comprehensive approach when it comes to Forex market. This means that I will not only use fundamental data to start trade rather I will also be using applications that help me predict the price of an asset.

 

[Wisdom01]

I shall be using much more than that in order to start trading. I am taking a much more comprehensive approach when it comes to Forex market. This means that I will not only use fundamental data to start trade rather I will also be using applications that help me predict the price of an asset.

There are some applications that could really help by giving you trading details and others ,like many have learnt different trading analysis through apps like blockfolio , trading view and many other certainly important apps that would be helpful I think

 

[rush08]

When trading in the forex market one has to be precise and strategic in analyzing trades. Many people do not make profits from trades because they do not have good strategy for trading. Good money management should be applied....

 

[gammarays]

Scalping is my most preferred system of making it in forex or crypto trading. It's better to take the small profits little at a time than to be waiting for a big bang. Accumulated profit over a long period of time builds ones portfolio.

 

[Wisdom01]

Scalping is my most preferred system of making it in forex or crypto trading. It's better to take the small profits little at a time than to be waiting for a big bang. Accumulated profit over a long period of time builds ones portfolio.

yeah many traders actually runs the scalping method or mode and they make more money from it , it's just many preffered system , many can't wait for a longer time to actually gain more income , they just want to scalp and earn more money to their bank account too

 

[rush08]

To be a successful trader you must do away with greed and indiscipline. You must have a good trading strategy that you could use and it works for you. Making sure you use risk management while trading in the forex market.....

 

[Frenzybliz]

The most important factor in being successful in Forex trading is to have an effective strategy. To be profitable, you need to have a solid trading plan and execute it to the best of your ability. There are several different approaches to Forex trading and the right one for you depends on your risk appetite, goals, and knowledge.

 

[a_jerobon]

The only way to be profitable in forex trading is to use good strategy and apply good money management during each trade session. Many people loose out during trade because they fail to apply good strategy and money manage.......

Good strategies can only be learned if you take your time and explore before investing. That is why using a demo account first is the best thing to do. A demo account will help you practice analysis and any other strategies that you learn.

 

[rush08]

To be a very good successful trader, you must have a good experience of trading in the forex market, also you should apply a good strategy and use money management in trading. You must know good entry points.....