ফরেক্স ট্রেডিংয়ে উত্তম কৌশল অবলম্বন
Forex Training - Finding the Best Techniques of The Trade
By Troy Winters - October 31, 2007
Foreign exchange (Forex) is a specific form of trading that involves the buying and selling of various currencies worldwide. Forex trading is traded via inter-bank, which makes it an over-the-counter transaction. It can also be traded via the Internet and telephone. It is a 24-hour global market with trading centers in London, Tokyo and New York. Unfortunately, trading Forex is a difficult undertaking, so this market should not be entered into lightly. While anyone who has undergone training can attest that it is not difficult to learn the basics, no one should enter into the market without any kind of training.
The good thing about Forex training is, regardless of your choice of training, it is accessible to anyone worldwide. Online training, for instance, ranges from basic courses to comprehensive multi-step lessons. Moreover, the price of courses range from free-of-charge to hundreds of dollars. However, for some people who have the spare time to attend on-location classes, hands-on Forex training can be a viable option.
Whether you choose to attend a course on location or online, your training should offer a variety of market topics and provide you with a course outline. The training should be geared to newcomers and should tackle finance basics, trading background and overview. Once you have found a course that fits you well, you will see that learning Forex is easy and straightforward.
How do you know a course works? First, Forex training should teach you how the market works, make you understand important terminologies and master how to conduct a trade. It should also teach you about different trading platforms, including their functions, advantages, disadvantages and other important details. By the end of your training, you should be able to read currency charts, analyze prices, manage risks, handle or prevent losses and understand what spread means are vital.
Brokers and professional traders are great sources of learning Forex. While some of these experts offer classes only after opening an account, these courses are usually free and filled with insights, tips and knowledge they are willing to share. Some even let you participate in online Forex demos, seminars and interactive online lessons to scale your capability as an individual trader.
Investing in a high-quality training is a good step to becoming a successful trader in the market. While many people are lured to join this enticing market filled with opportunity, only the educated ones survive this speculative world. Since Forex trading has its risks, producing incredible losses, this business needs to be monitored, understood and mastered. Prevent losses and increase your chances of huge profits, attend a comprehensive Forex training class before competing with the big boys.
Forex Trading Education:
Things You Should Know About Forex Trading
By Raul Lopez - November 22, 2005
How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.
Trading the Forex market has many benefits over other financial markets. Among the most important are superior liquidity, 24 hour market, better execution, and others. Traders and investors see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex market? Not at all.
Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don’t consider trading to be an easy task. But, is it harder to master any other endeavor? I don’t think so. Consider musicians, writers, or even other businesses. The success rates are about the same. There are a whole bunch of them who never get to the top.
Now that we know it is not easy to achieve consistent profitable results, a must question would be, why is it that some traders succeed while others fail to trade successfully in the Forex market? There is no hard answer to this question or a recipe to follow to achieve consistent profitable results. What we do know is that traders that reach the top think different. That’s right, they don’t follow the crowd. They are an independent part of the crowd.
A few things that separate the top traders from the rest are:
Education: They are very well educated in the matter. They have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.
Forex trading system: Top traders have a Forex trading system.
They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.
Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.
Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.
Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable outcomes, not just the winning side.
These are, among others, the most important factors that influence the success rate of Forex traders. We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a lifetime, and they still don’t get the desired results. For some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it’s not something you can do in a short period of time.
Trading successfully is no easy task. It is a process and it could take years to achieve the desired results. There are a few things though that every trader should take in consideration that could accelerate the process. Having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.
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