How to make money in Forex

[leenora46]

Hello everyone,

I am a newbie in Forex and wish to get any advice :) Please share your strategies on how you think it will be best to trade in Forex

Thank you,

[kellywilson288]

If you are a newbie,then initially try demo account and become more aware of it.Many people suggest scalping strategy,but i think scalping is not very safe trading. Go for normal trading and use stop loss and take profit but some time for scalping there is a chance to take our account balance to Zero. Beside I do scalping but not every time some time. Try to change your strategy if that's not wining strategy. concentrate in your trading.Just stick to your basics.

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[⭐ kaito kid]

Learn about forex from basic, you'd better to active in forum forex discussion, there's will be a lot of experience that you'll get from another member, then try your trading skill with demo account or you can open your real account with small money like micro account.

[Gaban]

Learn about forex from basic, you'd better to active in forum forex discussion, there's will be a lot of experience that you'll get from another member, then try your trading skill with demo account or you can open your real account with small money like micro account.

That's right. We can get more trading experience which we can learn from forex forums, because there are a lot of trader who join there. And demo account is first step to learn trading and we will know how to make money in forex.

[ali200]

I think we can earn lot of money from forex with good knowledge and proper management. Money management is very effective way of trading in forex.

http://www.forex-metal.com/affiliate/46199/2

[lollabun]

Hello everyone,

I am a newbie in Forex and wish to get any advice :) Please share your strategies on how you think it will be best to trade in Forex

Thank you,

The best place to get the best way of trading forex forum. in the forum there are many things that are discussed, both from the technical analysis, fundamentals, money management and more.

[Gaban]

The best place to get the best way of trading forex forum. in the forum there are many things that are discussed, both from the technical analysis, fundamentals, money management and more.

Yeah, we will get many advantages if we active in forex forums. And we can use it to make our trading skills be better so we can make profit consistently in forex.

[Gaban]

To get profit from trading, we have to make right analysis about forex market, so we can decide when we have to make order that make us get a maximal profit.

[uncle gober]

In the forex market, you buy or sell currencies. You can make money when you are pofit :D

I am sure we can't ALWAYS make a profit at Forex in every trade. There are too many non-predictable events that can impact the market on a daily basis. It is the nature of the market that you will have some days with gains and some days with losses. But if we can discipline, patient, we can make weekly or monthly accumulative profit.

[aslam1989]

All newbie in Forex should first open a demo ac.Then participate in forum disscusion to learn business statergy.We can get more trading experience which we can learn from forex forums.You will get many advantages if you active in forex forums.

[Gaban]

If we want to make a profit, we should be able to minimize the risk, if the risk that we will get smaller, then it is possible to make a profit gets bigger. Continue to improve our trading skills, so we can get a bigger profit.

[uncle gober]

The Forex market, like other securities markets, negotiates prices using a bid/ask system. A seller states an asking price and a buyer makes a bid. For wholesalers (banks, governments, and large hedge funds) the "spread" between bid and ask is usually only 1 or 2 pips. Retail brokers mark the spread up 3 to 20 pips and keep the spread as their fee instead of charging a commission like stockbrokers. The Forex trader tries to anticipate which way the currency exchange rate will move and "goes long" if she thinks a currency's value will rise against another currency. He "goes short" if he thinks it will fall. When Forex traders guess right and the change exceeds the spread, they make money.

Happy trading! I suggested you to used a best forex broker like armada markets.

[Gaban]

In the forex market, you buy or sell currencies. You can make money when you are pofit :D

I am sure we can't ALWAYS make a profit at Forex in every trade. There are too many non-predictable events that can impact the market on a daily basis. It is the nature of the market that you will have some days with gains and some days with losses. But if we can discipline, patient, we can make weekly or monthly accumulative profit.

Yeah, we can earn profit by buying and selling but not just buy and sell only. We need to make analysis to know when the right moment to open position. And right, we can't always make profit in forex, but the most important is our final accumulation.

[uncle gober]

In the forex market, you buy or sell currencies. You can make money when you are pofit :D

I am sure we can't ALWAYS make a profit at Forex in every trade. There are too many non-predictable events that can impact the market on a daily basis. It is the nature of the market that you will have some days with gains and some days with losses. But if we can discipline, patient, we can make weekly or monthly accumulative profit.

Yeah, we can earn profit by buying and selling but not just buy and sell only. We need to make analysis to know when the right moment to open position. And right, we can't always make profit in forex, but the most important is our final accumulation.

yes, the essential is the final result. make sure we have weekly or monthly accumulative profit. :)

Trading, like any other profession, is an acquired set of skills that you must take time to “Learn” – in order to be successful.

[Gaban]

Yeah, we need time for learning to understand what we will do. Take time to make practice with demo account first to apply what we've learn to get experience. It will useful for us to trade with real account

[Gaban]

All newbie in Forex should first open a demo ac.Then participate in forum disscusion to learn business statergy.We can get more trading experience which we can learn from forex forums.You will get many advantages if you active in forex forums.

Demo accounts are still very entertaining and educational, no wonder if most traders highly recommend opening one to anyone who's interested in getting a taste of the exciting world of FX trading. It's a great way to learn more about economics, global politics and yourself.

[uncle gober]

Making Consistently Profit in Forex? Try this step :
1) Focus on trading, not just on making money
2) Learn that NOT trading is part of the game (Being out of a trade is a position)
3) Become organized and disciplined
4) Take a longer-term view of what “success” means
5) Develop a strict daily trading routine to develop positive trading habits

[Gaban]

Making Consistently Profit in Forex? Try this step :

1) Focus on trading, not just on making money

2) Learn that NOT trading is part of the game (Being out of a trade is a position)

3) Become organized and disciplined

4) Take a longer-term view of what “success” means

5) Develop a strict daily trading routine to develop positive trading habits

Thanks for the tips, And that' right, we should not focus on making money only, we should focus on minimizing the risk too. let's try to apply it and hopefully we can get maximum result with our account.

[uncle gober]

Yes, you're right. By minimizing the risk would indirectly give us more opportunity to make money from forex.

[Gaban]

Yes, you're right. By minimizing the risk would indirectly give us more opportunity to make money from forex.

We should discipline with money management that we have. Beside that, we should improve our trading skill, we can use demo account or we can take part in demo contest that held by our broker. My broker, InstaForex held several demo contest, i also try to take the advantage.

[uncle gober]

Invest your time first before you invest your money in forex. Make sure you have educate yourself with a lot of practice.
Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

[Gaban]

Invest your time first before you invest your money in forex. Make sure you have educate yourself with a lot of practice.

Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

Right, we must invest our time to learn and understand the knowledge of trading to be trading well. Use a demo account first, if we want to test psychology, I think demo contest like Lucky Trader can be an place to test it.

[Gaban]

How to make money in forex? Surely we just have to sell or buy currency pair, it looks like simple, but to make decisions whether we should buy or sell is not easy as we imagine, we should make analysis about market movement. Take advantage of markets news to help us make analysis.

[uncle gober]

How to make money in forex? Surely we just have to sell or buy currency pair, it looks like simple, but to make decisions whether we should buy or sell is not easy as we imagine, we should make analysis about market movement. Take advantage of markets news to help us make analysis.

It's simple, but if we don't have knowledge, we can't know how to make profit. We can use many sources to get knowledge about forex trading and we can use demo account first to start trading in forex. And we should know that we need process to get success in forex trading.

[Gaban]

It's simple, but if we don't have knowledge, we can't know how to make profit. We can use many sources to get knowledge about forex trading and we can use demo account first to start trading in forex. And we should know that we need process to get success in forex trading.

Of course, we can't get profit consistently in forex trading instantly, we should be patient because it's not easy as we imagine, we should have strong mentality and have willing to learn during undergoing forex trading.