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Gain good knowledge and practice


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Forex or currency trading is a global market that's incredibly liquid. Novice traders should spend time to gain good knowledge and practice. Forex is profitable if you win. Otherwise, you may lose all your savings. So before investing money, learn the right way. Many brokers, such as Eurotrader, offer free educational courses with video tutorials. In addition, my broker does not charge any hidden fees.

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On 12/1/2021 at 10:11 AM, uncle gober said:

in forex it will never be instant, so it is important for traders to be able to do training and learning by utilizing the demo account provided by Tcikmill.

In the business of foreign exchange market the most important factor is that we should try to use reliable trading plan.

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On 12/29/2021 at 8:53 AM, uncle gober said:

the trading plan must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

We will need to make some Efforts so that the income we are getting from our trades will also get increased.

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On 11/30/2021 at 2:31 PM, Nilde Lucchese said:

Forex or currency trading is a global market that's incredibly liquid. Novice traders should spend time to gain good knowledge and practice. Forex is profitable if you win. Otherwise, you may lose all your savings. So before investing money, learn the right way. Many brokers, such as Eurotrader, offer free educational courses with video tutorials. In addition, my broker does not charge any hidden fees.

Those traders who are a Newbie traders will have to make some Efforts so that the income they are going to get can be increased.

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Learning is a continues process here; in addition there is nothing like short-cut way of Forex learning; so if you initially lose a huge amount of money in demo, don’t lose your hope! It’s a very common scenario for the newbie’s! So, don’t try to start your trading career by your own capital without confirming a good trading skill!

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Gaining knowledge is the root of all success. However, the ways of earning knowledge can vary from one trader to another. Online world has made everything easy for us and so we don’t need to go to the doorstep of trainers to learn trading rather all the learning resources are available online.

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On 3/10/2022 at 8:07 AM, maspluto said:

achieving success in forex is not an easy matter, this is done so that traders can become better and can be maximized in getting maximum trading security and comfort like what I got from Tickmill.

To be able to become a successful trader into this business more Efforts are required.

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On 3/18/2022 at 9:03 AM, uncle gober said:

in forex it will never be instant, this is done so that traders can be more leverage in getting the security and comfort of trading with Tickmill.

We will have to make use of the Lower leverage settings to bring down the Risks into our trades.

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Anyone who wants to be successful in forex trading must have adequate practical experience. Being successful in forex requires more than luck. So, in order to gain proper experience in forex trading, you must practice on a demo account. Luck can sometimes help you make money.

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Even though many kinds of traders like to scalping strategy very much due to getting profit instantly but I don’t like to depend on this short time trading approach, because despite of a most usable trading policy scalping sometimes causes huge losses.    
 

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Setting a stop loss is an integral part of successful trading.  However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
 

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Yes, you can predict the market by running both technical and fundamental analysis on the market. Some traders rely on only technical analysis but only technical analysis can’t provide them the actual view of the market. Technical analysis should be accompanied by fundamental analysis.

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