The Foreign Exchange Market (FOREX) is a worldwide financial market for the trading of all major currencies in the world. Welcome to MYORACLETRADE site, trading in Forex is very subjective. It has been a source of passive income to other and a place to lose money to other side. Knowing your objectives and planning your plan are the very vey to Forex success.
The advantage of Forex market compare to others:
1. Big market, approximately more than 3 billion per day
2. Worldwide trading (internet connection)
3. 24 hours trading day except weekends which is from 20:15 GMT on Sunday until 22:00 GMT Friday
4. Less cost or no cost at all.
5. Trade in small volume by using leverage
Never the less many newbie traders are failed in their trading due to lack of information, knowledge, and experience. These factors are not easily to master, it takes efforts and time to master them. During the process there are few simple steps as a guideline to be a good trader as below:
1. Practice demo account before putting your real money for 3 months.
2. Never risk more than 10% of your total trading account.
3. Trade by following the trend (uptrend and downtrend), trend is your friend.
4. Choosing time frame efficiently (one hour may be good).
5. Trade in plan and calm, not emotionally.
Practice makes perfect, good luck.
The advantage of Forex market compare to others:
1. Big market, approximately more than 3 billion per day
2. Worldwide trading (internet connection)
3. 24 hours trading day except weekends which is from 20:15 GMT on Sunday until 22:00 GMT Friday
4. Less cost or no cost at all.
5. Trade in small volume by using leverage
Never the less many newbie traders are failed in their trading due to lack of information, knowledge, and experience. These factors are not easily to master, it takes efforts and time to master them. During the process there are few simple steps as a guideline to be a good trader as below:
1. Practice demo account before putting your real money for 3 months.
2. Never risk more than 10% of your total trading account.
3. Trade by following the trend (uptrend and downtrend), trend is your friend.
4. Choosing time frame efficiently (one hour may be good).
5. Trade in plan and calm, not emotionally.
Practice makes perfect, good luck.
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