ForexMartTrader

I have won trading contests organised by different brokers at one time or the other. It is a very good opportunity to fine tune your forex trading skills, while also stand the chance of winning bonus trading capital which may also be withdrawn in some cases.

Free no deposit bonus is very beneficial to a trader when the Terms and Conditions attached to it does not defeat its purpose. My broker offers as much as $300, no deposit bonus. This is what I consider to be among the very best you can possibly find.

Leverage  may be like a double edged sword to a forex trader, but it is what makes forex much more rewarding than other financial markets. Without bonus, forex trading will only be suitable for the rich alone. 

Bonus offer is helpful when the Terms and Conditions attached to it is not crippling. My broker offers one of the highest in the industry with very favourable conditions. You may like to check it out yourself.

Trading with your ego during forex trading, as well as trading under the influence of other types of emotion will likely lead to disaster. A serious trader should be disciplined enough to control emotion in order to make progress.  

Forex trading is really a very interesting business. What makes it all the more interesting is the fact that you can engage in it from anywhere in the world where you have computer with internet access. Besides, there is no limit to the amount of money you can possibly make from forex.

It may be difficult to state with certainty the broker that has the lowest spread amongst all the brokers in the forex market. I am quite satisfied with the spread offered by my broker. Besides, there are more important consideration while choosing a broker such as reliability that dwarfs the question of spread in comparison.

Earning money through forex trading depends on your skills and experience as well as your investment. It may seem relatively easy when you have what it takes, but extremely difficult otherwise.

There are so many reasons why forex may be considered to be a good work in comparison to other alternative works. Amongst others, It offers the trader the possibility of earning as much as possible depending on the trader's skills, experience and investment.

A new trader is supposed to first undertake a good forex trading course to gain knowledge of the forex market before acquiring forex trading experience through demo account trading. This will prepare the trader to eventually trade live account.

Proper risk management can ensure your longevity in the forex market and enable you to apply your trading  skills to achieve success in forex trading.  Most failures in forex trading can be traced to the failure of the trader to practice sound risk management.

You may have an account of high leverage without necessarily using the whole leverage. As a beginner, it is safer to avoid a high leveraged account in order to resist the temptation to use the high leverage, which can easily wipe out your account as an inexperienced trader.

It will difficult to enforce money management without the use of take profit and stop loss. Good money management involves the use of  both take profit and stop loss. Omitting either of them will put you at a disadvantageous position.

Trading longer time frames usually provides higher success rates and greater profits. This is due to the fact that currency prices is trend locked, and the price trend on the higher time frames usually lasts longer than those on the shorter time frames and are more reliable.

Your personal experience about forex trading generally depends on your ability in the forex market. Your fortunes in the business depends on your competence. So, when you are skilled and experienced, you will likely find it to be a very rewarding business. 

The choice of a broker is a very important one that a trader has to make. After careful consideration,  I chose my broker and  I am glad for having made this choice and have had no cause to regret it.

High leverage is often compared to a double edged sword, it can work for you or against you according to your ability in forex trading. As a beginner, you may settle for  low leverage until you are skilled enough to take full advantage of high leverage without endangering your forex account.

When used skilfully, technical indicators enables a forex trader to identify profitable trading opportunities. There are many technical indicators to choose from on the trading platform that are available by default. You may also use your own customized indicators if you wish.

The bonus provided by some brokers have enabled a lot of traders, that would not have been able to do so otherwise, to trade live forex account and acquire live trading experience which has helped them become seasoned traders.

Money management does not guarantee your success as a trader, it merely helps you to survive for long in the forex market.  But it can enable you to succeed when you combine it with other sound forex trading skills. 

The forex market is very dynamic, so learning never stops when you are a forex trader, as long as you wish to retain your competence, and continue to make progress in your trading career. You can continue to learn and enrich your experience by reveiewing your past trades.

From experience, I have discovered that the best way to choose the right broker after narrowing down your choices, is to invest a minimal amount. This will give you the opportunity to evaluate the broker, and make your choice, before investing a substantial amount.

On 31/12/2016 at 11:11 AM, Mucomba Anthony  said:

The Forex market place is a store house of money, but for earning money first of all we the traders have to acquire most powerful analyzing trade knowledge by learning. But practically we try to make money very rapidly from here without learning and fall a great loss when trading.

Your forex trading skills and experience are the tools that enables you to extract as much money as you are willing to carry from the forex market. So, this should be your priority before trading live forex account.

There is no doubt that forex is a challenging business, but it is at the same time a very rewarding business. The major challenges that a trader faces is the acquisition of good forex trading skills and experience. Once this obstacle is surmounted, the rewarding part begins.

The proportion of forex traders that fail are reported to be over 90%. This may or may not be exactly so, but one thing is certain. Large number of traders fails, nobody can dispute that. Why should this be so in a business that is widely believed can easily make you wealthy? The answer is simply because a large number of traders fail to properly learn the skill involved and acquire the necessary experience before trading live account.