Before going with live trading

[ali200]

We need to make sure that we are aware of some aspects of Forex trading before going with live trading such as


*Money management

*Understanding Trend

*Knowledge about technical indicator such as Moving average, Fibonacci, Stochestic, RSI, Bollingar Band.

*Knowing about fundamental news their impact and how to use and make them work for us.

*Knowing how dangerous or volatile this market can be.

*Time which has to be given to get the success (Usually it is about 3 years).


Last but not the least “You must not invest money in this business that you cannot afford to lose”.

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

[Gaban]

Thank you, very interesting information.
I think it would be better if we before trading with real account, we can learn to make trades on a demo account. By doing so, we so have some idea of ​​how doing trading

[uncle gober]

Those are very helpful tips for trader. We can learn using demo account first. I think it's good step. Demo account is good place to get basics of trading that we will use as long as we trade in forex. And i think there's no harm if we use no deposit bonus to learn too.

[mak123]

ofcourse...before going for live trading one should prefer to have practice lot with demo, able to understand technical indicators and must be able to analyze market.

[mak123]

ofcourse...before going for live trading one should prefer to have practice lot with demo, able to understand technical indicators and must be able to analyze market. Need to clear concept regarding forex.

[Gaban]

I agree with you, learn with a demo account is very necessary before you start trading. With a demo account, we can learn the basics of trading. so that we can understand forex well.

[orni308]

good points to be taken care of.....