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..)

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

Very good indicator

by jake.hell09

GrinderEA. 2nd page

by fxor4719a

forex grinder EA

by fxor4719a

SoeHoeCom_theofx

by Abu Bakar Siddique

 This week most visited topic!  UPDATE: This robot now makes huge money! $24,512 profit in 10 days!  https://mt4talk.com/viewtopic.php?id=22128

 


[ Closed ]

Log-In or Register to get unlimited download access of Forex Robots!

Login with Facebook!

Login with Facebook

Login with Username and Password!

     Username:       Password:  Login

Register  |  Forgot Password?

 

Pages 1

You must login or register to post a reply

RSS

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

Advertisement

Advertisement

Last Posts

  • 24/05: for beginners
  • 24/05: BBMA extreme momentum indicator
  • 24/05: forex grinder EA
  • 24/05: Very good indicator
  • 23/05: How to select good brokers?
  • 23/05: Low risk strategy works in real account.
  • 23/05: General Trading Knowledge.
  • 23/05: Currencies are available.
  • 23/05: good work ea trading scapler four month 100$ to 1000000$ good work ea
  • 23/05: GrinderEA. 2nd page
  • 22/05: What is your trading objective?
  • 22/05: INFINITY FOREX ROBOT
  • 22/05: Sure hedging EA
  • 22/05: Most decentralized market.
  • 22/05: 10K $ to 750 Million $ in 10 Year 69% Win. Should I put this EA Live ?
  • 22/05: ForWin2018 - MQ4 file (expert advisor)
  • 22/05: ACTIVE ROBOT FOR DAILY PIPS
  • 22/05: Fractal ZigZag EA
  • 22/05: Artificial Intelligence Expert Advisor
  • 22/05: EA Blessing
  • 22/05: To enter the market.
  • 22/05: SoeHoeCom_theofx
  • 21/05: Really Profitable EA 50-100% monthly
  • 21/05: what is your preferred strategy?
  • 21/05: forex thunerbolt indicator
  • 21/05: Sentiment MT4 Indicator for forex
  • 21/05: Best forex robot sihle
  • 21/05: Top 5 Forex Robots For Free?
  • 21/05: Scalper
  • 20/05: MASTER_MACD updated
  • 20/05: Best MACD Indicator
  • 20/05: ichimoku indicator
  • 20/05: To the traders.
  • 19/05: UBAT 1.51
  • 19/05: Yellow Free EA
  • Hot Topics

  • ASSAR v8 (1042)
  • Scalper_v5 (free) (720)
  • A highly profitable Ea (465)
  • FX Magic Robot - Verified Live Working 3/13/17 (458)
  • 2000 pips daily (451)
  • ASSAR V9 (Trend Breakout Edition) 2017 Expert Advisor (417)
  • spartan bolt V6 (414)
  • Assar_03_EA (391)
  • ASSARV11 [EXCLUSIVE] ACTIVE MEMBERS ONLY! (274)
  • Forex Earth Robot (249)
  • Trade-Arbitrage EA (248)
  • xmt scalper (227)
  • Forex Math EA free for Mt4 (180)
  • Super Signal Scalping Profit Statement (178)
  • Rabbit3 £100 start Zero to Hero Updated EA (167)
  • Fracture 7.4.0 (156)
  • high profit EA (151)
  • SCALPER PALING JOSS EA is a Holy Grail (150)
  • New to forex? (148)
  • Ilan Expert Advisor for Metatrader 4 (136)
  • EA SmartAssTrade. (133)
  • Monster Profit Forex Robot (123)
  • WayGrow EA 1.7 (111)
  • scalperstarkpro downoad free (price 90 dollars) (92)
  • FX Magic Robot (91)
  • IceFX TraderAgent Pro EA v2.5.1 (86)
  • Profitable GBPJPY EA (true results) (85)
  • Unbelievable EA (83)
  • Hedge Expert Advisor (63)
  • 100 pips profits trading (63)
  • Good EA 2017. Free !!! (63)
  • Magic Fx Formula indicator-V2 (61)
  • Best Indicator That No Repaint!!! (61)
  • BAR EA V5.1 (60)
  • hello (60)

  • NOTE: Hacked 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: 18,710
    • Newest registered user: Deep Mani
    • Total number of topics: 10,920
    • Total number of posts: 36,206

    Copyright MT4talk.com Forum Rules - Privacy Policy.