Forex trading relies on a broker as a liaison between market participants and the international forex market. In addition, brokers also provide facilities so that people can buy and sell transactions online. Therefore, choosing the right and trusted broker is needed.
Correct. I would rather choose the one that has constant education given for its clients. It can be webinars, or even daily market forecast to give another consideration before placing a trade.
The key to forex trading is when we have to understand and understand why this price can move and who the price is moved by. Forex is also a business, why is it called a business? Because basically forex trading is trading foreign currencies / forex.
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Forex trading is not an instant business, it takes a long process to understand and learn it, the freshforex webinar also explains the important components of trading, such as making good money management, being able to make decisions quickly and accurately, reducing risk management in order to survive in forex.
Yes, agree with your opinion.. Many traders look for the most perfect forex trading strategy that can be applied at all times and is relevant in all market conditions. In fact, the key to success in finding the best forex trading strategy is in understanding and applying it in the right market conditions.
For some reason, beginners always think that trading is easy, and they have no obstacles along the way. It is a pity, that often the results of such decisions are not the most positive. Success in trading requires struggle and discipline to learn it well.
My feedback for this forum is good and I think, we are as a trader needs more forum like this. This forum will make us stronger and always post something new what will important to another trader. Keep it up
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In this forum, we can learn about the basics of trading, although often there are comments that do not match the discussion or advertisements.
Economic data and news (news) is one of the movers of the forex market; this is known to everyone. However, the way News affects the market is actually different from what most traders think. Indeed, the release of economic data not only has an immediate impact on financial markets, but also reflects the condition of the country. In this context, it can be concluded that the impact of News is not only in the moment after it was released.
How to distinguish news that will have an important impact on forex trading and news that is actually normal?
We certainly do not want to close a trading position too early, until it fails to profit because it is too hasty, even though the price finally moves to our profit target. However, we also do not want to close orders too late to have to bear heavy losses.
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Trading costs are very high and traders should always be aware of widening spreads. Keep in mind, spreads on certain currency pairs can be as high as 5-10 pips or more, so that Scalping does not make a profit but instead loss
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