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Trading in Forex

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  • Trading in Forex

    Forex is one of the most popular trading markets in the world. Many people are investing money in the market daily. But few are making money out of it. Traders need to work hard to be successful in the market. Traders need proper knowledge of the market. Many jump into the market without knowing anything and lose. That’s why I am learning to trade from Eurotrader educational courses.

  • #2
    It is possible to earn a lot of profit by trading Forex. But you can earn that profit only when you can learn from your mistakes. And you can develop a proper strategy. It is never possible to make a trading profit without developing skills. Also, you need to find a good broker. However, after a lot of searching, I found a good broker whose name is Eurotrader.

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    • #3
      Why news is important in forex?

      I guess traders are drawn to forex news trading for different reasons but the biggest reason is volatility. Simply put, forex traders are drawn to news releases for their ability to move forex markets. 'News' refers to economic data releases such as GDP and inflation, and forex traders tend to monitor such releases considered to be of 'high important'.

      What is your opinion on Forex news?

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      • #4
        In Forex trading , basically traders need to set their trading targets according to the market condition, if market offers 10 pips then we should set our TP for 10 pips only! Similarly, if market offers 100 pips then you have to set your trading target for 100 pips only! Besides, a good trading plan is very much handy in this case!

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        • #5
          It is possible to make a lot of profit by trading Forex if money management and risk management can be maintained properly. In Forex trading, if you try to trade without a plan, you will never succeed in trading. As a trader, you must first develop skills. If there is any deficit to development skills, it is very difficult to make a profit.

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          • #6
            There is no specific set up for your stop loss as it will be entirely differ or vary in your trading plan and in your target pips. we need indeed to know how to volatile the market we are trading before , we can set what will be our T/P and S/L/ and we always suggest that every trade will need to use this method as part of their risk management.

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            • #7
              In Forex , without having proper money managing plan that’s not possible at all to make profit with consistency despite of having good trading strategies.

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              • #8
                News' refers to economic data releases such as GDP and inflation, and forex traders tend to monitor such releases considered to be of 'high important'.

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