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Thread: Simple way to master the art of forex trading

  1. #1
    Junior Member
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    Dec 2015
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    Simple way to master the art of forex trading

    The forex market is a huge market and trading the financial instrument is one of the most complex tasks in the world. If you look at the success rate in the forex market then you will notice that most of the traders in the financial market is losing money in the forex market. Statistics suggest that only 5 percent of the traders are making consistently in the market. So who are these 5 percent people? The simple answer is, the smart traders. If you look at the experts in the United Kingdom then you will notice that most of them have spent a huge amount of time in mastering the art of trading. But when you learn the art of trading make sure that you use your demo trading account inured to avoid losing real money in the market. Professional brokers like Saxo is offering an excellent demo trading account to the traders in the market so that they can learn the art of trading within the best possible trading environment. In this article, we will discuss how to master the art of forex trading.

    Develop a solid basic
    Most of the novice traders in the forex market fails to make money in the online trading world since they start trading without having a clear understanding of the basic of the forex market. In order to make a profit in the forex market, you need to understand every single detail of the financial market. It is true that if you are relatively new in the forex market then it will be a little bit difficult for you to master the basic trading knowledge. But if you have strong determination then within a few months you will have a clear idea about the basic of the forex market. Once you have the basic idea of the forex market its time for you to develop your trading strategy.

    Developing your own trading strategy
    Trading the financial instrument is one of the most complex tasks in the world. If you look at the professional trader then you will notice that every single one of them is trading the live assets by following all the necessary trading parameters. Since you are new in trading you need to use demo trading account to develop your trading strategy in the market. When you start developing your trading strategy in the market make sure that you donít use too many indicators in your trading system since it will greatly reduce your winning edge in the market. Try to develop your own unique system based on the knowledge of key support and resistance level. But donít develop your system based on the lower time frame rather try to use the higher time frame in the market.

    Learn price action trading strategy
    Price action trading strategy is considered to be one of the most profitable and reliable trading systems in the world. If you look at the professional traders then you will notice that every single one of them is trading the live assets by using the price action trading strategy in the market. But if you look at the novice traders in the financial market then you will notice that most of them are trading the live assets with the indicator based trading system. Indicators can be used in a number of different ways but they should never be your prime trading tools in the market. If you truly want to become a profitable trader in the forex market then make sure that you start trading the live assets by using the price action confirmation signal in the higher time frame. Once you master the basic art of price action trading strategy you will realize that this is one of the most profitable trading systems in the world.

  2. #2
    Member
    Join Date
    Nov 2016
    Posts
    62
    Easy in running the trading that we first always do in learning more enterprising, maximize the ability of trading, and understand the risks are well controlled. Forex is not an instant run, but forex trading is a way to be executed in the learning process as in trade demo account.Per for more understand in the course of trading can benefit easily

  3. #3
    Senior Member
    Join Date
    Jul 2016
    Location
    India
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    163
    There are lots and lots of things which is needed to learn in Forex Trading, and I would not at all consider it as an easy task. You need to understand that if you wanna become successful in Forex, you need to have lots and lots of practice.

  4. #4
    Member
    Join Date
    Jan 2017
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    85
    Forex trading is a challenge to the traders. Every trader has to fight to learn Forex trading. They should master many crafts of trading. There are various types of trading methods among them notable are long time trading, short time trading and day trading. Among them scalping is more famous because of itís special qualities. I trade like long time and short time with Trade12 which having the best environment and reputation.

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