Welcome!
With Forex, knowledge is power!
Come here to connect us to gain the advantage will provide you much greater opportunity to achievement!
The only means to become a professional trader would be to obtain that blunt edge of a weapon which separates you from the remaining migrating sheep. - Mastering the Trade - John F. Carter
We could go over any currency here and also my purpose is to have this thread focused on learning, sharing and teaching.
The objective of this thread:-
1) To assist each additional;
2) To teach considerable folks how to become a skilled competent FX trader utilizing each the instruments (fundamentally and technically) needed for achievement;
3) A place to share experiences, tales and to find out;
4) A place to share trading fashion egy; and
5) A place of friendship and harmony.
In doubt, please try a Demo/Mock account, especially in analyzing new egies!
PRACTICE great trading habits so that they eventually become 2nd nature which will lead to a success.
No Spammer, please!
We welcome constructive criticism and well established conversation. Inflammatory, impolite, repetitive, offensive, off-topic or otherwise tumultuous messages made intentionally to annoy, stimulate or antagonize the existing members or alter the flow of discussion are NOT welcome and will be reported to the moderator team.
I'll also start a sister-thread as a digest and also to keep all of the cream from this thread and also as storage for all indiors posted for ease of reference.
10 Trading Requirements for Successful Traders
1. Limit your losses.
2. Let your profits run.
3. Keep position sizes in reason.
4. Know your risk-reward ration.
5. Be adequately capitalised.
6. Dont fight the trend.
7. Never add to losing rankings. Dont average out.
8. Know market expectations.
9. Learn from your errors keep a trading diary.
10. Have a maximum reduction or retracement in profits.
For novices, please read this completely free Forex instruction material and find out to become a successful trader: http://www.BabyPips.com
And also you are advised to read these amazing books:
1. Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) (Hardcover) - by Kathy Lien
2. Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment (Wiley Trading) (Hardcover) From Boris Schlossberg
3. High Probability Trading Setups for your Currency Market By Boris Schlossberg, Kathy Lien
You are able to preview the 1st and 3rd books here:
http://books.google.com.my/books?id=...sec=frontcover
http://books.google.com.my/books?id=...thy lien"psp=1
The Essence of the 3rd book is here:
1. Never allow a winner turn into a loser
2. Logic wins, impulse kills
3. Never risk more than 2% per trade
4. Trigger fundamentally, input and depart technically
5. Always pair powerful with weak
6. Being appropriate but being early simply indie you are incorrect
7. Know the distinction between scaling in and adding into some loser
8. What is mathematically optimal is plogically impossible
9. Risk could be and is fixed but reward is inconsistent
10. No explanations, ever
BEWARE:
Why Currency Trading Is Not For Everyone?
Trading foreign exchange on margin carries a high degree of risk, and might not be acceptable for everybody. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Rememberthat could sustain a loss of some or all your initial investment, meaning that you should not invest money that you cannot afford to lose. In case you have any questions, it's highly recommended to seek advice from an independent financial adviser.
RISK WARNING: Trading foreign exchange on margin carries a high degree of risk, and might not be acceptable for all investors. Before deciding to trade foreign exchange you should carefully consider your financial objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all your deposited funds and thus you should not speculate with funds which you cannot afford to lose. You might be responsible for losses which exceed the sum of margin which you post. You ought to know about all of the risks associated with foreign exchange trading, and seek advice from an independent adviser if you have any doubts. Past returns are not indiive of future results.
DISCLAIMER
T.A.Y.O.R ==gt; è TRADE AT YOUR OWN RISK!
All tools are for Eduional Purposes Only.
Trading and Investing entails significant financial risk and is not suitable for everybody. Before deciding to invest or trade you need to carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and for that reason you should not invest money that you cannot afford to lose. Investors and Traders need to check a professional financial adviser for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and doesn't constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which might arise directly or indirectly from use of or reliance upon such advice.
Do Your Due Diligence and take responsibility!
For a REMINDER, here are the Rules of this Forum:
forexforum.co.za Rules These principles are rigorously enforced. You could be banned without warning for breaking these rules, so please read them carefully!
Rule #1: Respect Thy Fellow TraderOriginally Posted by ;
As a forexforum.co.za member, You're expected to treat others with respect and kindness. Mean-spiritedness, fighting, racism, offensive remarks, and slander are all subject to removal. Healthy debate is welcome.
Additionally, all members have the right to trade in peace - you should not harass, attack, or interrupt another traders ribbon. If you dislike or disagree with someones trading techniques, its fine to say so, but you ought to proceed shortly thereafter.
Rule #2: Trading Only
forexforum.co.za is all about trading. Anything concentrated on the pursuit of trading profits is welcome; anything focused on something else is subject to removal. Keep in mind that forexforum.co.za is a global community, so controversial discussions (i.e., politics, religion) ought to be held to a minimal. Moreover, the site should not be used to for personal agendas such as ego, drama, attention or revenge.
Rule #3: No Forum Promotion
Promotional plans tend to undermine the integrity of forum discussions and are consequently not allowed. * If you make money by servicing Forex traders in any way, shape, or form, you are NOT allowed to post in the forums if you don't have previous approval. If you attempt to use the forums as a promotional instrument you'll be banned without warning!
Members with less than 100 articles should avoid asking about or discussing commercial Forex products, services, or websites. This includes both positive AND negative discussions. A new member discussing or asking for remarks about a commercial Forex venture is the first warning sign of a hidden agenda. Without a posting history, it's difficult to ascertain your credibility, so your post could be confused as promotional. If your post has been moved (into the Recycle Bin) or deleted, then it's probably because it had been suspected as spam. Please dont take this personally as the moderator team deals with a high volume of junk and doesn't have enough opportunity to thoroughly explore every case. When you develop a track record on the forums it will be simple for the moderators to realize that you have no hidden agenda and you'll be free to join conversations related to products, services, and websites.
*If you service the Forex industry, you are welcome to promote your business by submitting analysis, media releases, and other newsworthy items in the News section. As a news provider, you must take care not to stray into the forum place, as your own avatar, signatureusername or password may be considered promotional.