How To Become a Successful Forex Trader In
I have not been able to do it consistently with any automated trading ea or indicator system. I feel it has to be based on price action. Such as the stuff Joe Ross teaches.
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That has been the only successful way I have found so far. But of course like everyone else I look at every new system posted here and at other boards. Would you also like some tea and cupcakes along at bedside?
Is anyone honestly making any money from trading the Forex?
Or even better, how about I trade your account and simply send you all the profit via check in the mail so you can make money sitting on your fat ass in front of the tv shoving doughnuts down your piehole all day? For everyone that wins there has to be one or more that lose. Money is a ZERO sum gain. So if you are making money, somebody else has to lose money to do it.
So, I would have to say that, yes, there are those making money, but they are probably keeping a low profile and keeping trades secrets which is what I would do if I had a good system. Nobody is going to "give" you a profitable system. Best thing to do is through trial and error to design your own system and that will be the best thing.
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Practice to Trade. Every day, banks, funds and private investors buy and sell different currencies equivalent to trillions of dollars, and this figure is growing.
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Forex trading is conducted via global information networks 24 hours a day. These are the so-called majors — exchange rates of one currency against another. Besides, there are less popular currency pairs that can also be used for speculative trades. Speculation is the core principle of profiting from Forex — buy low, sell high. In order to become a trader and start trading in Forex, you should choose a broker and download MetaTrader 4 for free.
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The broker provides access to the market, while the trading platform allows you to analyze quotes and perform trades. Before applying to a broker for a live account, you may first want to open a demo account in MetaTrader 4 and trade virtual money to better understand the basic concepts of Forex trading. Technical analysis tools various analytical objects and technical indicators are used to forecast quote movement directions.
Related MetaTrader 4: Learn to Earn in FOREX
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