logo |

News

    Home   >     Industry    >     Main body

    All Forex Trading Takeaways Concluded Here Count!

    Abstract:The essence of forex trading concluded by traders with trading experiences over 20 years is presented as follows.

      The essence of forex trading concluded by traders with trading experiences over 20 years is presented as follows. Hope everyone can read them over with comprehension, given the great help they can absolutely provide for your trading!

      1. Preconditions for investment:

    •   Family life is guaranteed

    •   Dont use your urgent money or borrow money to invest

    •   Invest with your spare money and set a certain amount aside for emergency use

      2. Full-time investment:

    •   Sufficient funds and time are required along with your expertise in this field

    •   Highly risky forex products featuring handsome returns can be invested more in an appropriate manner

    •   Investment diversification is necessary, including stocks, forex, insurance and real estate

      3. Part-time investment:

    •   Capital can be more or less

    •   Forex products lower in risks can be invested for a long time

    •   Investment diversification is required

    •   Its better not to invest in partnerships

      4. Some misunderstandings of investment:

    •   Investing fully is doomed to failure

    •   Investing frequently is indicative of lacking the professional guidance

    •   Contrarian operation is rare and highly risky

    •   Hedging transactions are the conduct of escaping from the fact of losses

    •   Predicting tops and bottoms without stop-loss set up is poised for excuses for mistakes

    •   Going long after going short and vice versa imply the shortage of targets and the pursuit of perfection

    •   Lapping up information and following suit blindly are caused by insufficient knowledge of the market

    •   Bad at introspection and suspicious of the market

    •   Maping a long-term trading plan refers to the ignorance of the unpredictable future

      5. Advice from virtuosos:

    •   95% of profits is generated by 5% of transactions

    •   Successful transactions consist of trading for a long-term period, conducting a stop-loss operation, taking advantage of a trend, and holding smaller positions

    •   Wait for an opportunity patiently and win the game with simple approaches

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

    图片1.png

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.