As a new trader. I want to know about safe trading. Is there any way to do safe trading? please experts help me to learn about trading.
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Well to be on the safer side, you need to have a good risk management strategy in place. That's the only way to be safe. So figure out your risk tolerance levels for that.
There is no “safe” or “no-loss” trading. Any “success-strategy” is a myth. Trading is not an investment where your funds can be guaranteed safe. Trading is a business wherein you take risks to make a profit while incurring some losses that are inevitable. The whole idea is to exceed your total losses with your total accumulated gains.
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Joined Mar 2020
|170 Posts
Very good thread, I think learning and getting knowldge about trading is very important. We should play with ananylysis and try to fillow the trends of the market and it will be very easy for us to be successful in Forex trading like many other experience tyraders.
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Joined Apr 2018
|459 Posts
analysis is important , but i have seen according to my trading experience the result of analysis not works for a long time , sometimes i feel its all about short time approach , nothing without it.
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Joined Jul 2020
|129 Posts
Gaining trading knowledge is very important. If you don't have knowledge of trading, then the loss is inevitable. If you want to trade, you have to learn trading first. If you don't learn how to trade, then how will knowledge improve? It is possible to expect something from trading if a lot of research is done. You can make a profit for life but if you don't have knowledge then how is trading possible.
Since there's a lot of material already on it, i'll just say price action. Price action is important to know. By price action, I mean things like candlestick patterns, support/resistance, and supply/demand. I don't mean to say that I exclusively trade off of bare charts, but that the skill itself is invaluable. I'm still developing as a trader, and still have plenty to learn. I love my indicators. What I mean to pass on, is that you cannot trade off of indicators alone. You can, but doing so places limitations on the ability to trade. Naked trading...
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Exactly, I agree with you. A trader needs to understand the price. A charts can show us a lot about market movement if we can learn how to read it. It's more than just candlesticks and candles patterns. There are more in price.
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Joined Jul 2020
|135 Posts
If you want to become successful in the forex market, you need to have proper trading knowledge. Because without knowledge you can not survive in the market. So, gather knowledge before you make any decisions to trade in this risky market.
Knowledge is one of the most precious possessions of any successful trader. Its something which has to be updated consistently and never ending. There is always a lot to learn and that approach is something which will surely prove to be beneficial for a trader.
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Joined Jul 2020
|133 Posts
If you want to make money from this market, you need to have proper knowledge about forex trading. Without proper knowledge you can face a huge lose in this market. So, gather knowledge properly and then try to earn money from this market.
If you want to become successful in the forex market, you need to have proper trading knowledge. Because without knowledge you can not survive in the market. So, gather knowledge before you make any decisions to trade in this risky market.
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Yes knowledge is very important. Knowledge becomes weapon when we can apply it effectively. So practical use of knowledge is also very very important. Unfortunately most people start trading with a basic understanding of trading.
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Joined Mar 2016
|641 Posts
sometimes i fell knowledge can be useless if there is no regular practice session, because the trading performance generally depends on your current activity that comes from regular trading on practicing. so we the traders have to depends on our practice session.
sometimes i fell knowledge can be useless if there is no regular practice session, because the trading performance generally depends on your current activity that comes from regular trading on practicing. so we the traders have to depends on our practice session.
Gaining trading knowledge is very important. If you don't have knowledge of trading, then the loss is inevitable. If you want to trade, you have to learn trading first. If you don't learn how to trade, then how will knowledge improve? It is possible to expect something from trading if a lot of research is done. You can make a profit for life but if you don't have knowledge then how is trading possible.
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Right. You can expect some results after extensive research and but certainly no results in the absence of it.
