The key to success in Forex

Discussion in 'For novice traders' started by Francmorio, Dec 14, 2018.

  1. Francmorio

    Francmorio Member

    The secret is simple, Understand one thing, and stick to that thing, that simple, forex is not a game, its takes time to perfect, and the only way to perfect is to understand one thing and stick to it. That simple
     
  2. andengireng

    andengireng Member

    Want to profit? The first thing you need to know is how to determine an open position. Determining the right open position is the key to success in trading. Many traders have to issue bullets repeatedly, repeatedly open positions, because they are floating. Indeed, no one knows where the market will move. But determining the point of open position is a way to win the market.
     
  3. Tengkorakfx

    Tengkorakfx Member

    Or if you want an immediate profits, it's better for you to follow some signals provided by some professional analyst or even you can look for better trading signals in MQL5 that you can follow there...
     
  4. NewbieTrader

    NewbieTrader Member

    but they are not always right, though, those trading signals. i started like that, following everything the analyst said or posted online. i'd say... 60-40 the signals are right. but we never know about tose 40.
     
  5. broforex

    broforex Member

    Don't panic and don't open orders without calculation! Basically, the main goal of each trader is to make profits and increase wealth by utilizing price movements. MM has a large capital that can drive the Forex market, they can even shake the economic stability of some countries if they want to do it.
     
  6. NewbieTrader

    NewbieTrader Member

    it's scary isn't it? how those people can actually drive the market and even shake the economic stability of one country. welp, we'll never know because we're not one of them. or are we? :D
     
  7. Tengkorakfx

    Tengkorakfx Member

    Whoaaa... I think that's too much :D
    But gotta be honest, we as retail traders are unable to move the price even a bit...
     
  8. NewbieTrader

    NewbieTrader Member

    hahahah retail traders :D but hey, we can be big retailers (we wish). i often wonder, if we all gather (at least like a hundred of us) and decide on these price movements, will it make any difference? :D
     
  9. broforex

    broforex Member

    The way of understanding and mindset (psychology) of a trader plays an important role in forex because these factors will influence the patterns and styles that are applied in trading. All traders in the world have access to information and data on the same and real time market movements wherever they are. However, in reality there are traders who succeed in gaining profits and there are always traders who suffer losses
     

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