Don't believe in your own trading method, be successful gradually.
Dear trade friends, today's post is a little different, I have seen many traders who are very proud of their trading strategy and quite successful but at one point I heard that their account was terminated by their strategy. Those who think that their trade strategy is almost 100 percent successful will hopefully be able to answer these questions effortlessly.
The questions are:
- How much do you think it can take from a 1000 dollars account to 5000 dollars?
- How long will it take you to meet your needs and exit the trade?
- In what amount of time have you been able to double your account balance?
I think you would prefer one answer to all these questions and that is the amount of money or capital invested. Yes, it should be acknowledged that those who trade/invest in Forex invest in higher income. Because Forex is called Money Making Machine, yes I also admit that it is possible to make good money in Forex but it is not very fast, as you think. To the best of my knowledge, doubling an amount in a given period of time in any strategy means that you are not a forex trader but a gambler. In this type of gambling, your account can be void at any one time. So I tell you, never expect a certain amount of income from Forex within a specified period. Succeed slowly. Remember, "The nail that gets stuck in the wall too quickly, the nail falls off the wall too quickly."
Verify the reality:
I am sure and you also know that Forex is not a quick project to get rich quickly. Many do not want to believe this, especially those who are new and have had good success in a number of trades. However, what most people don't say is that Forex is a profession. Just as it takes time to succeed in another profession, it also takes time and proper education to succeed in Forex. So if you consider forex as a profession, you need to ask yourself two simple questions:
- Am I interested in starting a new (Forex) career and succeeding?
- Obstacles are mine to get through success
- Patience? If the answer to the above questions is "no", then I think Forex is not for you. Because, to do forex you need interest, proper training, patience, and the latest money.
Get rich slowly
Let me tell you one thing, I have been trading Forex for over 4 years now and I am constantly learning new things. But in these 4 years, I have met many traders who want to get rich quickly by earning from Forex. I wouldn't say it's not possible, but as far as I know and see those who have had success with Forex have gradually grown up. To be a successful Forex trader, you must follow these five steps. They are:
Learn Basic Forex
Planning and Preparation (Write a proper trading plan and money management method.)
Develop a trading method and test your trading method and verify its success.
When trading, show patience and decide what and how to trade. I.e. non
Do not trade with patience.
To be successful in Forex, you need to follow these five steps or you will be far from successful. Most of the traders see that they want to jump to the fifth step after completing the first step in a month or two. You have to understand that if you want to survive in the Forex market, you have to gradually come to the path of success. The steps must be completed successfully. That is why I say that Forex is a means to get rich slowly. You can see many posts on BDForexPro for trade success.
In fact, most people do not succeed in their business or job profession very quickly, we all know that. So forex and time are needed for success. I personally think that Forex is an independent business and it gives people freedom. Just like you fix your trading time schedule in Forex, in other professions but you will not get this kind of freedom. If you calculate the time you spend on Forex with simple other professions, you will see that you have spent less time on Forex.
The rate of return on Forex is much higher than any other business or profession if you can master Forex properly and be able to improve the quality of your life journey. But don't ever think that if you make a name for yourself in 6 months or a certain period of time by earning money from Forex, then it may become black for you.
I am not a professional forex trader. I have heard from one of my brothers in the area, professional forex trader, that he earns a minimum of 635000-600000 taka per month from forex. So I am interested to join forex. I wanted to learn Forex from that brother and he promised to teach me and make expat like him. So I kept waiting for him with eager interest and one day I got bored at his house. He is one of the few people who can do forex. He told me that it will take at least 1-2 years to learn forex and he does not have time to teach me. , hurricane r candle stick o Hobby Jabi has a friend of his Nikki to learn from his forex coaching.I said brother, you are your expat, you teach me, he showed me excuses and said goodbye to me. When I lose, then the profit becomes minus, then the mind becomes very bad. I thought Forex is not for me. In the meanwhile, during the news release, in less than 1 minute, I made $ 24. I fell in love and interest in Forex. I made a big loss during the news release. I was on my way to say goodbye to Forex. I did a miracle one day in between. I don't even know how it happened to me. Since then I have been in a dilemma for 14-35 days and I have Professional TRADERS of Forex. The main source was caught. Now my Balance $ 855 I only trade in one euro / usd pair.After 2 daysAfter Tarabi's prayers, I met that big brother. I told him that my forex balanche is now $ 469. My brother thought I was doing a demo.Brother, I am joking, I don't know who left. After that, I picked up the SCREENSHOT of my forex balan and showed it to him. I don't think I need fundamental, trechni analysis, price action and rsi, adx, hurricane for money income in forex.This is the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject.When they do not share. And this is the formula of 2-3 minutes, whether it is heard or not, you have to do only three things on everyone's mt4 or mt5 indicator.I am very fond of thisP.F.T.S.T.S.R (PROFESSION FOREX TRADERS SECRET TRADING SYSTEM REVEALED)I will appear with you in the video. I will share it with everyone for a certain fee. Join my group and you will need a jar jar to join the group by texting me on Facebook. 20-25 people will be given. There will be no loss, only profitable professional forex traders can earn money. And Zara Pandit, they will be 100 hands away. I have given proof pictures. If anyone wants, I will give the video. Apply to the group. I think I will give the number on the mobile. Thank you.Who will get this Forex Formula (P.F.T.S.T.S.R) and join my Forex Group.1. Those who have minimal ideas in Forex2. When did he do forex before or is he doing it now3. You can invest capital in Forex4. You are in Forex but you are losing5. You can forex but very few inches6. Those who can deposit big money in FOREX are MOST WELCOME.Who will not get this Forex formula (P.F.T.S.T.S.R).(Because there is no point in wasting money if you can make money by buying formulas from us).1. Those who do not have the latest ideas in Forex.2. He has never done forex before or now3. You can't invest capital in Forex4. Do not understand forex5. Demo and never did.6. The lazy and more learned man that can change my needle.Last wordA very important point is that I am not a professional forex trader and the formula I will give you is the theme of professional forex traders which they never share. And I know many professional darlings who are wearing my writing here know this formula and maybe understand that I am giving the formula (P.F.T.S.R) to everyone on any subject.I think if my Dara benefits 10-15 more people then it is much better. Because their money is no longer out of my own pocket, they are working hard and earning income. I hope everyone understands. It will be good.God bless you
Forex Trading Brokers in South Africa: South Africa is one of the biggest economies of the continent of Africa renowned for its precious minerals, gold, platinum and diamond mines worldwide. Besides, millions of tourists across the globe land here and get mesmerised with the beauty of the country. Due to this, the forex market has developed here. In July 2020, the Forex reserves in South Africa touched the all-time-high of 57880 USD Million. List of Forex Trading Brokers in South Africa Folks of the nation who invested in the foreign investment market got benefited. Let’s discuss top 5 Forex trading brokers in South Africa. 1. Oinvest In the list of top 5 brokers, Oinvest remains on the pinnacle position. It is a CFD broker which chiefly deals in the forex market and deems fit for the traders and investors of South Africa. Besides, it has other instruments like commodities, indices, and cryptocurrencies. Platforms used by Oinvest: MetaTrader4 is a leading platform commonly used across the spectrum of several brokers. Traders can access it through ioS, Android mobile devices, computers, tablets and laptops. Also, it is accessible through Windows as well. Types of trading accounts on Oinvest 1. Silver Account 2. Gold Account 3. Platinum Account Also, to accustom Islamic traders, it has a unique Islamic account that serves their purposes. Regulation of Oinvest FSC is an authorised body which regulates the broker and keeps a check on its activities. Besides, there’s a license available which cements the claim of its authenticity. Features of Oinvest - Maximum leverage:- 1:500 - Commission on trades: zero - Minimum deposits: $ 250 - Incredible course material - Demo account available Withdrawal and Deposit Options on Oinvest Neteller, Skrill, credit cards, wire transfer and many more. Forex Currencies on Oinvest USD/CHF, USD/INR, AUD/NZD, EUR/JPY, GBP/CAD 2. ForexTime Commonly known as FXTM, has a reputation among South African investors in terms of forex exchange trading. The broker has a de facto headquarters situated in Limassol, Cyprus. The company found its establishment in 2011 and continuing its operations since then relentlessly. So far, it has served thousands and thousands of users and across many countries and territories trading forex. Trading Platforms on FXTM The broker has MetaTrader4 and MetaTrader5 platforms, which are the best available in the brokerage market. These two help edge out the competitors and rivals by a margin. Types of Trading Accounts on FXTM It offers the following accounts:- 1. ECN Account 2. Standard Account 3. Cent Account 4. Stock CFDs Account Regulation of FXTM Famous regulatory agencies like FSC, CySec and FCA regulate the brokerage firm. It has got a license from FSCA South Africa. Features of FXTM - Maximum leverage: 1:30 - Instant order execution - Comes loaded with a swap - Minimum deposits: $ 10 - Impeccable course material - Demo account available Withdrawal and Deposit Options on FXTM Cryptocurrencies, Credit Card, Maestro, QIWI, Neteller and several others Forex Currencies on FXTM USD / EUR / GBP and many more 3. FXPro The broker firmly sticks to its ideology and name by offering the best forex exchange deals and markets to users across the South African region. It is way above its peers and companions when it comes to exhibiting currency pairs. It has more than 70 forex assets for traders to transact. The brokerage firm is flexible and moulds its direction to comply with the needs of an investor. Platforms used by FXPro Both MetaTrader4 and MetaTrader5 are available with the brokerage house that allows investors to pick and execute their forex biddings in the nick of time. Some charts on these platforms provide in-depth market information of markets with quick execution. Types of Trading Accounts on FXPro:- It offers a normal account, which needs necessary information and some proofs to authenticate to the user. After getting through the process, the user can get into the world of forex trading. Regulation of FXPro There are plenty of regulatory bodies and agencies that are keeping their eye on activities summoned by the broker. FSCA, CySec, SCB and FCA undertake the responsibility of guiding the broker. Features of FXPro - Maximum leverage:- 1:30 - Commission on trades: Slightly - Minimum deposits: $ 100 - It has fixed spreads - Decent course material - Several trading platforms available Withdrawal and Deposit Options on FXPro Neteller, Credit Card, Union Pay, PayPal, Skrill, Wire Transfer Forex Currencies on FXPro AUD/CAD, AUD/CHF, AUD/NZD, CAD/JPY, CHF/JPY and several more 4. FXCM It stepped in the world of online financial trading in 1999, when seldom people were aware of the alternative of over the counter transactions in several instruments of finance. It is renowned for offering spread betting and CFD trading accounts to users. Investors get active trader accounts with dedicated support and elite pricing. Platforms used by FXCM The online brokerage firm is providing MetaTrader4, also known as MT4 for getting the best deals in the forex market to South African traders and help them earn higher profits. Besides, there’s Ninja trade and Zulu trade for investors for selection. Types of Trading Accounts on FXCM:- It offers a standard account which applies to every individual who is willing to trade in the forex market. Simply registering on to by filling the essential details, a person can start the journey of financial trading. Regulation of FXCM FCA of the UK is the prime regulatory body which is undertaking all the work related to the FXCM broker and sees its activities. The factor pulls the element of authenticity. Features of FXCM - Maximum leverage:- 1:30 - Commission on trades: zero - Minimum deposits: $ 50 - Amazing trading stations and platforms - Decent course material - Demo account available with more than 50K virtual currency money - Wide range of markets for trading Withdrawal and Deposit Options on FXCM Credit Card, Neteller, Wire Transfer, Skrill Forex Currencies on FXCM EUR/USD, USD/JPY, EUR/USD, GBP/USD, USD/JPY, and several more. SAXO Bank It is the player of the player in the field of the financial market. It dates back its origin from 1992. The company serves its client base in more than 120 countries globally. It has more than USD16 billion worth of asset management under it. Also, it has the capacity to process approximately one million transactions a day. Platforms used by SAXO Bank The company has its own in-house platforms that power through any bidding and execution of prices seamlessly. SaxoTrader, and TradeMaker exhibit remedies for all queries and placement. Types of trading accounts on Saxo Bank 1. Professional Account 2. Saxo Account 3. Corporate Account These accounts comply with the requirements of distinctly South African traders and offer solutions to their needs while trading in the forex markets. Features of Saxo Bank - It accesses more than 40 thousand instruments. - Maximum leverage:- 1:30 - Advanced trading platforms - One account suffices for trading and hedging - Educational tools for veterans and beginners Withdrawal and Deposit options in Saxo Bank It is a successful bank. Hence Wire transfer is the most preferred way for depositing and extracting funds out of it. Forex Currencies on Saxo Bank The broker is offering 44 FX vanilla options to its traders. Some top currency pairs are as follows: XAU/USD, AUD/USD, EUR/USD, EUR/JPY, EUR/CHF. Sundry currencies are available for selection. Conclusion The top 5 Forex trading brokers in South Africa are the noblest in the domain for trading foreign exchange, which has crossed assimilated the boundaries of nations through transactions superseding $ 5.1 trillion a day. You can check out more South African forex brokers here.
No matter what the Forex Expert or the Forex Guru says, one of the most powerful pillars of Forex today if you go to the flashback of their success, you will see that their amount of loss was not less. So if you want to be a good trader, you have to lose? How did it go? Yeah Al that sounds pretty crap to me, Looks like BT ain't for me either. No matter how many sites, some strategies, or whatever type of auto and manual methods, no method can make your trade 100% successful. This will probably make many people frown and naturally ask how you can prove that you need to know how to make a loss in order to be successful in Forex. First of all, the Forex market is a constantly changing market that we all know. Now if the question is how this change comes about, maybe your answer will be, on a fundamental or technical issue. But many experts want to say that the forex market does not really change based on fundamental or technical issues. The main thing here is demand and supply. In other words, the forex market moves based on the bidding hire or lowering of the trader or trading organization. In other words, the difference between the bid and ask the level of the trader or trading organization is mainly the demand and supply. And the movement is basically based on this movement. When a trader loses on his average trade, many may think that the question arises as to whether the forex market is controlled by anyone or whether the strategy in which you once made a profit is repeatedly losing. Mentally weakened. Remember that the Forex market is completely neutral. Here the movement of the market is conducted in a way where no one has a chance to play the game. The market varies according to the speed of the currency's own demand or supply. Most traders have a careless and thoughtless decision behind the loss trade. That is to open the trade without any thought. Ask successful traders today or those who have a good experience of trading for a long time and I can say Damon Siurley if you open the trade by understanding the terms of the trade open, you will not close your account if you are not a complete trader. So the bottom line is that before you learn it, it's an art. Many people trade in revenge that I lost two trades in a row. This time I will cover the loss of the last two trades in the 3rd trade and thus you make the final loss and finally, you light the red light of your trade yourself. So don't trade with that mentality. Another main reason behind the loss of most traders in Forex trading is - too much excitement! But don't have the burden of learning like that. How long will you survive in the market while making a loss, or how much ability do you have to stabilize in this market with huge losses? While it is possible for one or two people to think this way, it is not possible for 95% + traders to think this way. So before going into the trade, know the related issues including trade balance, trade open rules, then get down to trade. But besides all this, it is also important to know how to make a good trade. Because the road to a successful trade will come from the opposite side of the losing trade.