Where can I learn about Forex?

You should : Know that forex trading is not an easy path to success, you need to find YOUR WAY to beat 95% of traders out there in markets, and those traders are same like you, smart, have money to go all in with you and brave enough to chose this path. If you decide to chose this way, you would need : Proper basic knowledge: learn it from Learn Forex Trading With BabyPips.com Learn basic candlestick from steve nelson book Learn life of a traders Equip yourself with health: eat proper food, stay away from alhcol, sleep before 23:00, sweat […]

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What are the odds that I will lose my money trading Forex given that I will risk $20,000?

What are the odds that I will lose my money trading Forex given that I will risk $20,000?

From 5% to 100% you will lose it. Here how you can calculate it: If you are totally newbie, 100%. Because forex traders are all smart, talented, have money, brave, have insight information.. so what is your chance? After a years, If you have large money and approve it in conservative way, have some insight about brokers, always pay attention to details and keep looking for more.. you can then get the change to around 50% One more years, if in this 2 years you get ineradicable luck and get a good mentors, or a good book, or supper smart […]

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What is the most profitable time frame to use for a trend-following strategy in Forex trading?

Every time frame is profit able, however the correct question is which time frame most profitable for you. To answer this question you must know self. If you act fast pace person, you will feel more comfortable and think clearly in lower time frame; if you are patient , slow pace person, you like slow and steady time frame like H4 and above. Pro scalper can make more profit with the same amount invest compare to long term trader. However long term trader normally can absorb more emotional trades and stay with the trend longer. I hope that help Huyen

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