ForexMartTrader

There is no doubt that the forex market is the largest market worldwide, which has turnover that is in excess of that generated by any country's economy all over the world. This provides a very powerful opportunity to earn almost unlimited income from this market

On 08/08/2016 at 1:14 PM, Money Morkel said:

As a student I have started my trading career in this market place. So, I am not capable to invest grand capital which is very supportive to keep survive in this volatile trading place for a long time.  That’s why, I have chosen Trade12 trading broker due to 100% initial bonus that makes my trading balance larger and without any kinds of restrictions I am able to use this deposit bonus including lowest trading spreads. 

 

Bonus offered by your broker can boost your trading capital and enable you to make bigger profits and make faster progress when you are a competent trader. ForexMart offers up to whooping $300 No Deposit Bonus, which can be used to trade live account and even withdrawn. This is simply fantastic!

While it is better to choose a broker that provides low spreads, it is also important to choose currency pairs that have lower spread compared to their daily range. Choosing a suitable currency pair to trade is one of the most significant decisions that influences your performance.

On 10/11/2013 at 2:34 AM, ali200 said:

In order to be a successful trader in the exchange profession ..

(1) must learn the principles of trading foreign currencies.

(2) should be trading contest with the news .

 

Most experienced traders do not encourage trading the news due to the fact that the market reaction to news is not always predictable. They rather suggests trading the news momentum, which is a safer strategy.

Most forex traders have the dream of changing the lives of others when they make it in forex. This is a worthy ambition and can  be realised when you succeed in forex trading. This makes it all the more important for a trader to work hard to achieve success.

Those that belongs to a forum such as this are indeed fortunate, for the fact they are not alone in the lonely activity which is forex trading. Being able to share insights with like minded colleagues makes positive impact on your trading.

Most scalpers prefers ForexMart due to the fact that their spreads are some of the lowest you have in the forex market. It is important to trade with broker offering low spread in order to maximize your profits.

Your choice of broker should reflect your preferences and values as a forex trader. Most importantly, it is important to choose a  reliable and trustworthy broker based on your experience with such broker.

Trading with low spreads can reduce your transaction costs during forex trading and enable you to recover more profits. But you competence in trading is just as important for you to trade profitably.

You can depend only on forex trading as a means of livelihood when you can trade profitably, and earn enough to make a living through forex trading. This naturally implies that you have adequate forex trading skills and experience. 

When you are able to earn a living though forex trading, then you a can be regarded as a professional trader. Being a professional trader does not imply that you are through with learning. Most professional traders continues to learn in order to retain their edge in the forex market. 

The support and resistance levels are zones where price tends to hesitate or pause due to the fact that  there are lots of buying and selling activity. It is often a good place to enter the market when thee are strong indications that the price has decided to move in a certain direction.  

Most forex traders that were  former share traders are of the opinion that trading forex is more lucrative than trading shares. ForexMart also offers No Deposit Bonus of up to $300 to its clients, which can be used fo live forex trading and even withdrawn.  This happens to b one of the very best you can get   from any broker.

It is absolutely important for a trader to understand how to execute profitable trades in the forex market before trading live forex account. This is why learning is a very necessary aspect of a serious trader's forex trading career. 

A beginner without adequate trading capital as well as skills and experience has little choice than to be a part time trader, until such a time the trader will be competent and financially capable of surviving on full time forex trading. 

While considering your lot size, it is also wise to consider your stop loss.  You can even sustain more loss from large stop loss than a bigger lot. So it is important to apply prudent money management according to you available trading capital as well as skills level. 

On 1/16/2013 at 4:05 PM, mayoush.rifai said:

Hey everyone - how are you all? Hope all is well. Thank you for accepting me to your group of forex traders - whether they be newbies or experienced. Hope to be learning lots and lots. :)

You are welcome to a popular  community of forex enthusiasts of different skill levels, which is comprised of both beginners and experienced traders. Here you will find answers to various questions and enrich your knowledge forex trading. 

Among the advantage of forex trading over stock trading is that you can make profits whether the price is going up or down in the forex market as long as you can correctly determine the price direction. A stock trader can only hope to buy and sell at profit. 

There is need for a trader to learn forex trading before trading live forex account, and  it is not something that could be achieved within minutes when the trade wish to become profitable in the business. You can only lean enough to trade demo account within such short time span, and you continue to learn from experience. 

Most forex trades that were former stock trades prefers forex over stock trading. The stock market do not have as much turnover as  the forex market and forex trading is much more profitable when you are a  skilled trader. 

When you learn forex trading and acquire good forex trading skills and experience, you become an independent  trader able to trade competently and manage your own capital profitably.  The importance of learning cannot be overemphasized to become a successful  forex trader. 

You can  figure out the daily support and resistance levels by calculating the pivot points. You may do manual computation using the formula, or use a pivot calculator.  Better still,, you may use a pivot calculator script on your trading platform that calculates and plots the pivot levles on your chart. 

You can begin forex trading after opening a live forex account with a broker, complying with the verification requirement and funding it.  However, it is  very important that you learn forex trading and gain some experience through demo trading to become a competent trader before trading live account. 

You may earn from referrals according to the terms and conditions set forth by the broker just as in any other affiliate program. It is always good to refer someone only when you are convinced that the broker is reliable and trustworthy. 

The advantages that we get from a forex forum such as this cannot be overemphasized. A complete beginner can come to the forum and obtain information that will help towards launching a successful forex trading career. Even an experienced trader may still learn from other traders from time to time.