For the benefit of trader

[Shiroslullaby]

I would like to hear what sites/ services people are using for forex trading.
What types of fees are you paying?
Are there any sites you frequent for tips/ information on trends in forex? How are you making your decisions.

Right now is a very interesting time for forex, since we have a new US president coming into office who is promising lots of changes in trade deals and foreign policy.
There might be a big change in some currencies depending on the deals Donald Trump comes up with.

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[Zadicar]

Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it  thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. Trading forex is not an easy thing as many others said here and only a few does really survive on it.

[Idrisu]

My own strategy for now is to select a coin with high trade volume, observe the price trend for a while.
Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.

this strategy is good for coin trading because market movement is most determined by volume, technological development, big companies accept bitcoin or other coins as a mode of payment and emotions. Forex market movement is basically on three big issues: Fundamental and technical analysis, sentimental and emotional issues. I believe though trading an assets are all the same but the trading skills needed differs.

[richmcrich]

Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it  thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. Trading forex is not an easy thing as many others said here and only a few does really survive on it.

No there are a lot of traders consistently do posting here. Money management is a common technique across any trading platform, but I do understand that you are seeing it only with respect to Forex trading.

Unlike technical analysis part, money management will be possible for a trader only by practice. Being conscious with our capital and the risk level are few of aspects would be covered under money management techniques.

[Idrisu]

Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it  thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. Trading forex is not an easy thing as many others said here and only a few does really survive on it.

No there are a lot of traders consistently do posting here. Money management is a common technique across any trading platform, but I do understand that you are seeing it only with respect to Forex trading.

Unlike technical analysis part, money management will be possible for a trader only by practice. Being conscious with our capital and the risk level are few of aspects would be covered under money management techniques.

Technical analysis or fundamental analysis are two way or two of the many way of analyzing the forex market. In my view forex trading techniques is more important than market analysis. If you developed your skills in forex trading you will understand that trading forex has techniques and one of those techniques that can help you is money management techniques.

[Vaskiy]

A OP quoted money management is the important factor to be successful in trading. Trading should never be initiated though you've good capital investment, because without researching about the market going into any sort of trading will cause huge miscellaneous expenses. This will affect money management, so this can be eliminated when we move forward with a scheduled plan, then trading will be successful whether its bitcoin or altcoins.

[Cereberus]

I see a lot of persons talking about FOREX. I also see they only see the FOREX as an online thing to do which is wrong. You can do it with your local currency against another currency which can bring you profit over the course of a few weeks or maybe more.

Stop being impatient first and second why don't you try this.

In your country your local currency is really strong against the USD for the moment. What you should do is try to buy USD with your local currency as USD tend to have a lot of volatility. Wait until USD becomes stronger compared to your local currency and sell your dollars then , resulting in more money in your local currency.

This is without a doubt the best way of trading.

[Stedsm]

Money management is by far the best thing actually to control self emotions and stop from being an idiot listening to our heart. It helps in listening to what our mind says is correct, in being calculative which is needed to succeed in forex or any other type of trading.

[traderethereum]

personally i will stay away from forex because for me, forex is more dangerous depending to trading crypto currency and if i do this, i will quickly get loss all of my money in the market. maybe i don't have the basic of trading, in all type of trading, but so far i only learn trading with crypto currency and btc-fiat. maybe if i think i am good enough in trading crypto currency, then i will trying to start trading forex.

but its a good for me to know that the OP have 8 years experience in forex so we can learn something from him. thank you OP, enjoy your day while you are here.

[Idrisu]

guess I will ask the questions none has asked for some reason:
what made you quit Forex trading and start crypto trading?
or are you doing both at the moment?
when you have tested crypto trading enough would you mind to compare two?
what is the primary purpose of your thread:selfeducation,education of others,selfmotivation,exposure etc?
it is interesting to read about someone's experience in this field,especially if it is 8 years of experience,please carry on

bitcoin or other coin trading are the same and bitcoin exchange is the same as forex trading. I believe bitcoin and usd is the same the only different is the exchange value and regulations. In trading both bitcoin and usd is the same because you make money either the currency is going up or is going down and you only succeed in both assets on your skills and expert.

[icecube45]

8 years of doing forex trading is a long time, and I am sure you must have a lot of experience. I'm sure you have already strageti good and definitely have get a lot of profit. Everyone has a strategy in forex trading are different. My strategy in forex trading is that I have to run my trading plan, other than that I have money management. I also always set a limit risk because on forex risk is certainly there.

[Idrisu]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

Obviously money management is a one of the must thing to do and it's a common way to execute when you are in any kinds of money investment well of course especially if a person is doing forex trading or any kinds of assets trades. It's not a strategy but rather main thing to place on the table. And besides when you are in a trading activity, you are eyeing for a profits so it means you are treating the trades seriously and not as a gambling or in an entertainment view.

Everyone have different so called strategies. More importantly, a strategy of theirs must maintained their winning streak or should I say should give them more profits than a loss one.

In your 8 years experience I will assume you really built a great experience and I know others want to see your other strategies too.

Forex trading and other currency trading involved a lot of risk, and no matter the strategies a trader is used he can not win all his or her trade. Outside money management principle we the trader should also look at our risk reward principle also and with these two principle, with a winning of 60% to 70% you will still be in the green.

[X-ray]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

Obviously money management is a one of the must thing to do and it's a common way to execute when you are in any kinds of money investment well of course especially if a person is doing forex trading or any kinds of assets trades. It's not a strategy but rather main thing to place on the table. And besides when you are in a trading activity, you are eyeing for a profits so it means you are treating the trades seriously and not as a gambling or in an entertainment view.

Everyone have different so called strategies. More importantly, a strategy of theirs must maintained their winning streak or should I say should give them more profits than a loss one.

In your 8 years experience I will assume you really built a great experience and I know others want to see your other strategies too.

Forex trading and other currency trading involved a lot of risk, and no matter the strategies a trader is used he can not win all his or her trade. Outside money management principle we the trader should also look at our risk reward principle also and with these two principle, with a winning of 60% to 70% you will still be in the green.

Everything in this world that gives you profit is having risk so does with trading. you can't consider the risk as the problem that holds you from trading but preventing it to be happen. and if you're reffering "winning of 60% to 70%" as the same of getting profit in that amount. definitely an absolute winning you got there

[naidray]

I like to hear more on your tactics on how securely trading. Please keep on sharing more.

Yes it would be great to have the experience of other traders. Usually traders do not have time to share their experience, strategies and knowledge about the successful trading. Luciky OP comes here with eight years of experience in forex trading.

I am also suggesting him to share his experience and knowledge so that many people will get benefits from that for their bitcoin trading.

[JariKriting]

my strategy only use timeframe 4
and iam only buy in support price and selling in resistance price
and still not breakout iam use averaging system or martiangle

you can share you stategy and use indicator

[n0ne]

Money management plays a big role in forex trading. In our surrounding too there are stores that supports forex. What they do is just give suggestions on market movement as well handles our forex account if needed for small charges and help yield a good profit.

[Pursuer]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

my best strategy in forex trading is stay away from it because it is a lot harder than trading altcoins and bitcoin and as someone who still is a beginner and also as someone who has tried both trading forex, stocks and cryptocurencies I have to say trading the first two is the hardest and the profits are so small (percentage wise) and if you want more money you have to invest a lot in them but with bitcoin and altcoins it is easier and also much more profitable (percentage wise) to trade.

[sesiah]

Wow, thanks that someone started this thread, I have always wanted to trade forex , commodities  but I had no proper way or knowledge to do it, am impressed, I am now learning.

[coinplus]

Money management plays a big role in forex trading. In our surrounding too there are stores that supports forex. What they do is just give suggestions on market movement as well handles our forex account if needed for small charges and help yield a good profit.

But the suggestions from other people will not be as effective as what we are making by ourselves. For my trading in initial days I made subscription from some third party but I was not successful with their tips due to many reasons like delayed calls and some calls end up in hitting stop-losses.

Learning technical analysis must be a first step in trading, if we do that then there is no need of any third party tips.

[raven7886]

I am also suggesting him to share his experience and knowledge so that many people will get benefits from that for their bitcoin trading.

Do not expect any traders to come and share their experience on trading. Because a trader usually do not have enough leasiure time for spending to teach us. When they are having some very good business to earn big, how we can expect them to teach us by wasting their valuable business time.