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One Guy Asked Me Wheter There Are Any 100% Accurate Forex Signal Provider?
My Answer Was : -
There is no signal provider who is 100% accurate. If someone claims to be 100% accurate, you know you are dealing with a scam artist. However, you don't have to be 100% accurate. You only have to be accurate enough that you make more money than you lose. Unfortunately, there is no signal provider out there that has a proven method that works often enough to make you money in the long run. Many claim they do, but good proof is always lacking.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot .
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don't have to deposit and if you made profit from it you can cash out, this is why it's very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
Sign Up Here :
Note : Their Are many Other Sites But This is The best As Far As I Know.
And Then The most important step is to find the right forex broker.
Like everyone else has said you need to take your time when deciding to trade the Forex market. That being said, if you are willing to learn how to trade it properly and are patient you can make money even with a small ($5000) account.
You will need to set strict money management rules, that is how much to place on each trade, how much you are willing to lose on each trade and how much profit you are happy to take on each trade.
Greed can do funny things and a winning trade can end up a loosing trade.
Follow these 10 steps
1. Get access to and read as much free information as possible
2. Download free Forex Charts
3. Take some Forex courses
4. Test and trial a couple of different forex strategies to determine which is best for your personality. Don’t rush this stage as you will really get to know yourself, how you react to loss, greed, fear and you will come to an understanding of how much time you really want to commit to your trading.
5. Open a demo account with an online forex broker, and start with a conservative amount in your account between $5000 and $10,000.
6. Simulator trade for between about 3 months
7. Open a Mini-Forex Account and fund with a conservative amount of money, between $300 - $2000.
8. Build your confidence by taking small amounts from the market consistently.
9. Throughout this whole process develop a trading plan that will consist of
a. What size your real trading account will be
b. How much you will trade each time
c. What timeframes you will trade
d. How much you will risk each trade
10. Trading for Real - Start trading a real account and continue to monitor and track your progress, recognising that you are a continual learner.
Source : Words Of An Expirienced And Succesful Forex Trader
Forex is Foreign Exchange.
Forex Trading is Simultaneously buying one currency and selling another.
And Selling The Same By Earning Profits
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.
Source: hard Search On Internet.And own Wordings To make It Simple
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