FREE FOREX STRATEGIES
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How many of us will succeed in Forex?

Many of us have probably heard the statement that 95% of beginners lose in Forex and remaining 5% become successful.

A common trading journey in Forex starts with demo account and develops into live account with further positive or negative outcome.

We have made own simple research that was aimed to find out how long on average traders plan to demo trade Forex before going live.


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Does anyone know where and how to get a list of those pairs that trend more frequently that those pairs that range more often?

Each pair would have trending/ranging times, you can however, trade with more Active currency pairs and/or with pairs that are known to have higher volatility range on average.

Regards,
Edward

what if i study fx trading and latter make a live account and still fail?
well i have plan to demo trade for just one month. Charles (nigeria)

what about some one who study and demo trade for just one month and he is making a good profit? well to me, one year is too much of a time. Charles (Nigeria)

Hi Charles,

I don't mean to discourage you from trying it sooner. In fact, real trading experience is invaluable, it provides a good road map for future studies.
Trying with a mini investment (which you can afford to lose) won't hurt, especially if your trade profitably on demo and feel ready.
The bottom line is, no matter how you plan to get your trading experience: by studying longer or by diving into live trading, just do it wisely: for now set a goal to learn, not to earn. I haven't seen anyone making a fortune from his first live account immediately.

Happy trading!
Edward

the most patient and well-self-controlled will succeed in forex... i think.

-leto

Hi Edward

First, let me repeat what you have heard a million times - What a great site this is. I have been doing so much research online and 99% of the time the info is useless or results in a long winded load of rubbish that culminates in someone trying to sell you some get rich quick system or book or robot.

This site is the best I have found so far.

I started trading on a demo account a while ago without knowing much just trading "by seat of my pants" style. I started with a $50 000 account where I lost $25 000 in a couple of hours then over the next day I went up to $131 000!!! You can imagine what was going through my mind. Obviously I was thinking THIS IS DEFINETLY FOR ME.

I decided to close that account and open another demo with a more reasonable starting point ($1000) that I would be using if I were to open a live account. Needless to say I am now finding there is more to trading forex than first meets the eye!

I am now at a stage where I feel the more you know the more you realise you don't know. I also go through stages where I feel really positive about the potential of trading and stages where it really looks like glorified gambling.

I am currently experimenting with the basic strategy #1(EMA10-25-50) to start with. I am struggling with it because its hard to judge where to put a stop loss. On the face of the strategy looking in the past, it seems to work most of the time. All too often I hit my stop loss due to a price change soon after placing the trade although the predicted overall trend does continue as expected. The other question is will the price actually go up or down enough to make a profit. Please excuse my newb thoughts!

Thanks again for a great site.

Karl

Thank you, Karl

I'm very glad you like the website. I'm pleased to have such readers as you too.
Learning and practicing is the key in Forex.
Happy trading!

Regards,
Edward