1. Talha Yeasin
  2. Sherlock Holmes
  3. Anything Under the Sun
  4. Saturday, 07 September 2019
  5.  Subscribe via email
A lot of people are afraid of Forex trading because they heard about people who had lost everything they had speculating on currencies or other assets. Some have been tricked by their brokers and coerced into depositing more and more money into their trading accounts. some agents working on behalf of brokers get extra bonuses for new deposits their clients make.

As a result some agents can get quite aggressive in their methods. They promise to share a proven strategy that is going to work and you will win it all back. This type of psychological game is something they are not only ready to engage in but they are also praised for doing so in form of additional bonuses from their employer.

The truth is that succeeding in Forex trading is possible if you know how to read and analyse trading charts. Another important aspect is to trade using daily charts or 4Hour charts. Chasing quick profits is not beginners. It is for more advanced traders who know what they are doing.

So, focus only on Daily charts and learn technical analysis to be able to recognize trends. When you learn that, proceed to learn how to ride trade and follow trending markets.

There are many types of technical analysis but probably the most common tools used by traders to recognize trending markets are Moving Averages and Support and Resistance levels.

If you can master those you should be able to predict future movements and profit from them. To get you started here is a free ebook on Moving Averages and how they are used in trading. https://mt4trendindicator.com/using-moving-averages/

Keep learning and you will surely succeed!!!
Attachments (1)
Comment
There are no comments made yet.
Accepted Answer Pending Moderation
0
Votes
Undo
Are you and me the only active users of this forum? I find it weird. :(
Comment
There are no comments made yet.
  1. more than a month ago
  2. Anything Under the Sun
  3. # 1
  • Page :
  • 1


There are no replies made for this post yet.
Be one of the first to reply to this post!
 
     
 

Latest Spot Rate

 
21 October 2019
In 2018, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2017. In the euro area the government deficit to GDP ratio fell from 0.9% in 2017 to 0.5% in 2018, and in the EU28 from 1.0% ...
21 October 2019
European open - Brexit, gold, oil - MarketPulseMarketPulseHome/Commodities/Currency/FX/GBP/Indices/Market PulseShare 0Sterling slips on Brexit delayEuropean markets are a mixed bag at the start of trade on Monday as the Brexit saga drags on, weighin...
21 October 2019
It appears that since Pro-rogue One: A Star Wars Story maybe, the loss of trust between Parliamentary MP’s and the Prime Minister’s office has become an unbreachable chasm. MP Sir Oliver Letwin added an amendment to the Benn Act on Saturday preventin...
21 October 2019
 MPs delay deal voteThe pound was under pressure from the outset on Monday morning after British MP’s delayed a vote on Boris Johnson’s Brexit deal by introducing an amendment to the Benn Act which would prevent an “accidental” no-deal exit from Euro...
21 October 2019
Daily Markets Broadcast 2019-10-21 - MarketPulseMarketPulseHome/Daily Markets Broadcast/DAX/Indices/Market Pulse/Technical Analysis/Technical Analysis IndicesShare 0Daily Markets Broadcast2019-10-21Wall Street slides on growth concerns...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.