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5 ways to trade forex

  • #1
  • First Post: Mar 23, 2010 7:53pm Mar 23, 2010 7:53pm
what do you need to trade forex
  • #2
  • Mar 24, 2010 12:12am Mar 24, 2010 12:12am
MetaTrader 4 platform.
  • #3
  • Mar 24, 2010 1:30pm Mar 24, 2010 1:30pm
Bucks
Brains
Balls
  • #4
  • Mar 24, 2010 6:23pm Mar 24, 2010 6:23pm
Quoting TJPLD
Bucks
Brains
Balls
If the brain works in the right direction.
  • #5
  • Mar 24, 2010 11:19pm Mar 24, 2010 11:19pm
Quoting wizzy
what do you need to trade forex
Patience. Have faith in your strategy, no matter what happens. Years of demo trading. Be committed. Create a strategy that is simple to follow. Only use a couple of indicators. Such as...

ENJOY!!


T
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  • #6
  • Mar 26, 2010 1:16am Mar 26, 2010 1:16am
And one loser told me: the more indicators you use, the more successful you are.
  • #7
  • Mar 26, 2010 2:29am Mar 26, 2010 2:29am
Quoting wizzy
what do you need to trade forex
'Need'? Not much, just a couple hundred bucks and the ability to click a button, having a brain isn't mandatory....which probably explains the 95% stats and why there are so many idiots in the business, anyone can join!
  • #8
  • Mar 26, 2010 3:56am Mar 26, 2010 3:56am
Quoting pipmutt
having a brain isn't mandatory....
Pipmutt you are so right in so many ways.

Especially when I set 9 trades, all with excellent trading plans/set ups and 2 stop out, the remaining 7 enduring 16 hours of drawdown.

I used to hit the panic button because some of these come off the H4 and even the H1 chart. Now I know I have to wait until next Wednesday before I start to feel happy again. Either because they ALL stop out, or I get that warm fuzzy glow again.

Have a good weekend.
Gone to a better place
  • #9
  • Mar 26, 2010 8:11am Mar 26, 2010 8:11am
Quoting smikester
Have a good weekend.
What's it they say about patience being a virtue, damn straight it is!

Thanks, you have a great weekend too!
  • #10
  • Oct 17, 2020 5:53am Oct 17, 2020 5:53am
If you want to trade in the forex market, you need to have proper knowledge and education. Without proper knowledge, you can not survive in this risky market.
  • #11
  • Oct 17, 2020 9:08am Oct 17, 2020 9:08am
Quoting OwenBavin
If you want to trade in the forex market, you need to have proper knowledge and education. Without proper knowledge, you can not survive in this risky market.
I agree. One should not trade with real money - especially not with a large investment - if they are not properly educated.
  • #12
  • Oct 18, 2020 11:50am Oct 18, 2020 11:50am
You need knowledge and capabilities to use that knowledge effectively. You also need a sound and composed mind that can remain emotionless while trading.
  • #13
  • Oct 23, 2020 7:29am Oct 23, 2020 7:29am
its a very good reply with nice message , thanks for your nice post.
  • #14
  • Oct 23, 2020 8:09am Oct 23, 2020 8:09am
You need a regulated broker, a good plan and a suitable trading strategy to trade in the forex market.
  • #15
  • Oct 23, 2020 8:31am Oct 23, 2020 8:31am
Quoting DexterDuncan
You need a regulated broker, a good plan and a suitable trading strategy to trade in the forex market.
I agree. Having all these three is incredibly important.
  • #16
  • Oct 24, 2020 12:45pm Oct 24, 2020 12:45pm
there are so many way of trading , generally we the traders always try to bring profit by automated trading , but its all about short time approach , nothing without it.
  • #17
  • Oct 25, 2020 5:49am Oct 25, 2020 5:49am
If you want to trade in the forex market, you just need the proper knowledge and expeirence.
  • #18
  • Nov 6, 2020 7:47am Nov 6, 2020 7:47am
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
  • #19
  • Nov 6, 2020 9:10am Nov 6, 2020 9:10am
Quoting WillGagnon
If you want to trade in the forex market, you just need the proper knowledge and expeirence.
And a good, reliable broker with proper regulation. Those three things are vital.
  • #20
  • Jan 29, 2021 6:26pm Jan 29, 2021 6:26pm
Trading entry is possible with an internet connection, a computer, and a good broker.
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