You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content

 

The latest topics with attached files (Forex robots, Forex Indicators, etc..)

1

Forums in this category with details of Replies, Views, last post

FOREX BONUS! >> Get $3500 STARTUP No Deposit Bonus!  

Don't need to deposit! With $3500 bonus you will be able to estimate our unsurpassed quality of order execution in real trading conditions with no risk and no personal investments

 

Very Fast Forex VPS! - Virtual Servers for Forex Trading!

Instant provisioning of VPS Forex service after your payment is received! Locations: AMSTERDAM (Netherland), NEW YORK (USA), LONDON (United Kingdom)

 


[ Closed ]

Login with Facebook Username:  Password:  Login  |  Register

Download over 10,000 FREE Forex Robots!

Pages 1

You must login or register to post a reply

RSS topic feed

Posts: 2
Please rate this topic
Current rating: 0
Votes: 0

Embed topic to your site

How To Be A Foreign Exchange Trader

Topic: How To Be A Foreign Exchange Trader

Being a forex or foreign exchange trader no longer means you have to work for a bank in one of the world's financial centers. These days you can trade on your own behalf, from anywhere.

Since the rise of the internet many people are doing this from their own homes, making money in their spare time or even making a full time income. But what is forex trading and how does it work?

A foreign exchange trader deals in currencies. He or she will sell one currency that seems to be falling in value, to buy another that seems to be rising. There are always two currencies involved in a trade (a currency pair) because when you want to buy dollars you have to have another currency to exchange for them.

In the beginning it is best to be involved with just one currency pair. Most people start out trading in the EUR/USD market, that is the euro against the US dollar. This is the biggest forex market. There is plenty of information available for this market and it tends to have lower costs and be relatively stable.

Nevertheless forex is a very volatile market. This means that the prices can rise and fall steeply and quickly. The risk is high. It is easy to lose money. In fact, some losses are inevitable, so you should manage your account so that you never risk too much on one trade. You can use stop losses so that your broker will automatically sell if the price goes a certain way against you. The aim is not to have no losses, but to make sure that your profits are higher than your losses so that you end up with a net gain.

You will need access to a computer with a high speed internet connection any time that you want to trade. Unless you use a robot to control your currency trading, you will also need time where you can concentrate on learning a profitable system and then on trading itself. You pretty much need to be able to lock yourself away in a room to do this, at least for a couple hours a day. It is no good trying to trade from your desk at your day job with your boss interrupting you, or using a computer in the family den with kids climbing on your knees wanting to play games. You must be fully concentrated on the movements in the market or you could miss the right moment to either open or close a trade.

If you are a cautious person who likes a solid investment with predictable low returns, you should not become a currency trader. Forex traders are people who enjoy risk and love the challenge of trying to turn a profit in a fast moving market.

It helps if you are strongly focused on your goals and not easily swayed by emotion. It is important not to let fears of losses or dreams of huge wealth divert you from your strategy. You also need to stay aware of financial news, not only in your own country but in all of the major world powers, because this will affect the forex markets. With these characteristics and a good trading system in place, a foreign exchange trader can reap substantial gains from his or her investment.

Share

Re: How To Be A Foreign Exchange Trader

Semoga aku iso dadi trader yang profit dan bisa bermanfaat bagi semua orang.... Aamien

Share

Posts: 2

Pages 1

You must login or register to post a reply


FOREX BONUS! >> Get $3500 STARTUP No Deposit Bonus!  

Don't need to deposit! With $3500 bonus you will be able to estimate our unsurpassed quality of order execution in real trading conditions with no risk and no personal investments

 

Very Fast Forex VPS! - Virtual Servers for Forex Trading!

Instant provisioning of VPS Forex service after your payment is received! Locations: AMSTERDAM (Netherland), NEW YORK (USA), LONDON (United Kingdom)

 

NOTE: Cracks or other illegal versions of copyrighted forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted forex robot, your forum account will be banned. No exceptions.

Forum statistics

  • Total number of registered users: 14,756
  • Newest registered user: kingnalza
  • Total number of topics: 10,467
  • Total number of posts: 35,384

Copyright MT4talk.com Forum Rules - Privacy Policy.