When you trade what is important?
I have a question for every one.
When you join in trade forex what is the most important?
May be experience or profit and when should you think to profit?
http://www.forextips.com/forums/newthread.php?do=postthread&f=11
limit losses and be patient
most importent thing in forex trading first learn trading gain knowledge then apply your stratagies in demo your getting confidence then enter into live trading with small amount absolutly profit taking is important in forex trading but with out knowledge and practice we didnt get profits even we get profits with out knowledge we cant survive long time
You need skills to run any business. Same is the case with forex trading. Trading is one of riskiest investment with better rewards. If u dont have skills, u will loose investment. There r countless sources for beginners to help them in learning forex.
Most important thing when u start trading is ur knowledge and skill level. There r many other things to consider. But high priority elements, having BIG affects, include knowledge, skills, environment, mindset and investment amount.
Stick to your rules
When you are trading it is better to start as a demo account, to gain more experience and not to take fast decisions, and see what other traders are doing, to follow up with the trends.
If you do not have the required experience in this market, I would highly recommend using the auto-trading platform.
I think that open trade in right position is most important thing. Because right order in right position makes you a successful trader & gives you huge money. It is possible when you have enough knowledge, you follow money management rules & make analysis before trade.
I do not want to sound plastic, but when I trade what is important to me is to make profit and earn certain amount. I know most of traders want the same thing as me. I think that is one of the reasons why we are into Forex trading.
The most important part is to keep right risk/money management and also to ensure that our timings are correct. I find it all super easy with FreshForex broker given their 101% Tradable Deposit Bonus that gives me the room to work nicely and also able to gain. It’s impossible without the support of this epic company.