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Author Topic: Basic things you need to know before embarking on Trading.  (Read 503 times)

Offline Webberson

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Basic things you need to know before embarking on Trading.
« on: July 30, 2018, 06:22:16 AM »
It will interest you to know that most people see trading as a means of earning quick money, but fail to groom themselves properly on how to actually make successful trades. Now, here are some basic things you need to know before going into trades:
  • Have a general knowledge of the market.
  • Engage in both technical and fundamental analysis respectively (as this will help you know when to enter the market)
  • Have a working strategy (a working strategy here means - a strategy that would be able to minimize your losses and maximize your profits)
  • Always apply risk management on every trade you place

I hereby advise that you kindly adhere to these, before embarking on trades.

Offline Delgboke

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Re: Basic things you need to know before embarking on Trading.
« Reply #1 on: November 16, 2018, 07:28:40 AM »
Before going into trading you have to under go some certain training in order to acquire skills on how to trade for you not to have great lost.

Offline The Journalist

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Re: Basic things you need to know before embarking on Trading.
« Reply #2 on: November 24, 2018, 03:44:51 AM »
For me, I would say learn three things and these are basic to survive in trading.

1. Learn Price Action
2. Support & Resistance
3. Control Your Emotion while trading.

Offline Uritron

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Re: Basic things you need to know before embarking on Trading.
« Reply #3 on: October 06, 2019, 08:53:21 PM »
Yes, I will also agree, as if we require to succeed in something like Forex, itís must to have the basic right. I find it easier with FreshForex using their epic educational setup which covers everything and gives you great level of comfort with working.

 

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