Which is the best way to trade forex

It's claimed that 95% of all people trading forex lose money and that brokers often increase trading spreads and apply other tactics in order to trigger stop loss orders. That being the case, what type of trading system or approach should be used in order to trade with the best chances of success ?
FXcowboy
Asked Jan 23, 2010
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mary65 Nov 23, 2019
Avoid so-called bucket shops first and foremost. Get a large reputable broker such as Deutsche Bank. Need to check thoroughly cred of broker before handing over any money. Beware of off shore East European based brokers. Lots of bad comment and some good about Saxo Bank (it is not really a bank at all by the way). Educate yourself with more than one good book on the topic and you will need some luck and to be alert for possible shenanigans (requotes, tree shaking, etc). Other than that start with a trial (virtual) account but remember that this is very different experience to using real money. Avoid high leverage as the greater it is the greater the potential gains but also the losses! Discussion forums are good but never take tip from one as the counter party to your trade (likely to be your broker in most cases) may be offering advice! Hope this helps.
trevorfx
Answered Oct 29, 2010
Edited Oct 29, 2010
Forex trading is one of the lucrative investment. But before investing in it you must have knowledge about various facts related with it. For more details about Forex trading I would like you to visit
http://www.theforexguy.com/understanding-the-importance-of-risk-reward-money-management/
forexguy
Answered Mar 08, 2014
To trade successfully on Forex market you have to learn the theory of Forex trading and gain practical knowledge while trading on demo account.
arica
Answered Sep 20, 2014
There is some essential Forex education which is required for everyone who wants his trades to be profitable. But self-education shouldn’t end on these basic learning, one should continue to study new Forex techniques whenever he has time to learn, because knowledge and practice are the cornerstones of the successful Forex trading.
There are many Forex e-books available in the Internet, but I don’t recommend buying any of them, because the best e-books about Forex trading are available for free and can be accessed by anyone. Here is the list of the best books recommended for everyone who wishes to learn Forex trading:

Further learning can include practicing your skills on your Forex broker’s demo account — you’ll get essential experience in using techniques from the e-books you have read or your own developed trading strategies. Demo account makes it easy, because you don’t lose any money and you are free to try anything you want. Professional Forex traders test their trading systems on demo accounts first before using them on real money accounts.
riya013
Answered Oct 21, 2014
Edited Oct 21, 2014
Online trading news helps traders get updated with the trading activities in the market. Investments in the Forex market and in the stock market are subject to risk. Before entering into this environment, you need to get mentored by experts and read online trading news daily to get the insights of the market. Visit tradersexclusive.com here you will find trading education and trading news.
joelstockman
Answered May 12, 2015
Hi there we have a ALGORITHMIC TRADING PLATFORM
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Do you have great trading idea but need help in implementation? Here is the answer http://empirica.io/.
Emperica
Answered May 30, 2016
Hello everyone!

In the world of currency trading, great forex indicators alongside a solid trading plan can prove all the difference between being consistently profitable or falling flat. Here at Scorpion FX we work hard to bring you the very best indicators designed to enhance your profitability.
Get the edge! Our team scours the web and sends you the best FX articles every day. Including trade ideas, analysis, forecasts and daily market wrap-ups. The link below is where you can find detailed information about forex indicators if you are interested!

http://www.scorpionfx.com/
scorpionfxblog
Answered Jul 13, 2016
The best way to trade forex is knowledge and experience regarding Forex market.

But if you are new to Forex market then it is recommended that follow the best online Forex Trader, who can advice related to trading.

For more info :- http://www.andywltd.com/page.php?slug=faqs
tjoshef1
Answered Jul 28, 2016
Edited Jul 28, 2016
View the Best Forex EA’s, the reviews and proven results and select the best FX Expert Advisors for Metatrader MT4 for your needs.

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bestforexeas
Answered Nov 15, 2016
There are several ways associated with the forex trading. You must explore the online platform as it helps in saving time and money and also allow you to earn more. You can take help of Tradebulls for doing online forex trading. It refers to being the best platform for it.
sameer53
Answered Feb 25, 2017
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NEUBiznet
Answered May 22, 2017
Like any other trade, forex trading is tricky. What losers do in forex trading is, they say "It may be possible but it is too difficult" See the pain, See the problems, and Let it happen.

On the other hand winners say "It may be difficult but it is possible. See the gains, See the possibilities, and make it happen. So it’s YOU who have to make the decision and win the battle within yourself first.

As part of my success strategy in the forex trading, I signed up with https://www.signalskyline.com/ to get accurate trading signals to make the perfect move by keeping the market trends in mind.
catherinemathur
Answered Jul 27, 2017
I would go to your local library and take out a bunch of books on trading Forex. Most books out there are introductory ones, and have excellent resources to learn the basics concepts that you need.

After knowing what pips, stop loss, technical analysis are and how they work, I would open up a demo account. Oanda is one of the better platforms out there with tight spreads, and their demo account can be used for as long as you like. Your goal here is not to make a profit with your demo account, but get familiarized with the functionality of what it does and does not offer. For example, learn how to place buy and sell orders, how to calculate profit, how to place a stop loss or a trailing stop loss.
https://www.forexgdp.com/
forexgdp
Answered Mar 09, 2018
The information you need in order to further your knowledge of the Forex world, gain insight on the real world of trading and be successful at it.
https://www.stoxmarket.com/
MichelleStriker
Answered Mar 19, 2018
Nowadays, Digital Options trading is becoming very popular amongst the traditional traders. Digital Options are traded using a trading platform that offers a wide range of trading tools as well as features. There are several good mobile and online trading apps available. I have been trading past 1 years with CardinalMarkets.com and now I am using the trading app, it's very easy to use and also very helpful. If anyone doing online trading then you can check the apps here https://play.google.com/store/apps/details?id=com.spotoption.android.cardinalmarkets
ElyseKora
Answered Apr 18, 2018
To make profits in forex trade, one should keep following things in mind:
1. You should be well prepared and learn everything possible about the forex markets.
2. You should the patience and discipline to study and research on the current market trends and behaviour.
3. Treat your trading activity as a business and avoid becoming overly emotional about either wins or losses.
4. Keep your charts clean so that it would be easier to understand the forex signals and trends.
Here are 7 forex trading strategy types that helps you improve your trading techniques and gain profits: http://kishoremforextradingtraining.blogspot.in/2018/05/top-7-types-of-forex-trading-strategies.html
SapnaSharma90
Answered May 15, 2018
Follow some important steps to trade forex:
Set stop-losses for every trade. ...
Develop a trading plan and always adhere to it.
Don't risk more than 2% of your margin per single trade.
Keep your emotions separate from trading.
Never trade to compensate for your losses.
Only trade when you feel it's the right moment.
Do Not Overtrade on a Demo Account

Get more information about trading: http://forexxpertadvisor.blogspot.com/2018/07/Choose-the-Best-Expert-Advisor-for-Your-Forex-Trading.html
AlexBarca
Answered Jul 11, 2018
Trading is a good thing. I lost a lot before I got to were I am today. if you need assistance on how to trade and recover the money you have lost email me ”[email protected]” to get new amazing strategy, If you are also having problems withdrawing your fund from your Forex/binary trade brokers even when you were given a bonus, just contact me, I have worked with a binary broker for 6years, I have helped a lot of people and I wont stop until I have helped as many as possible, contact me when you need my help
benjaminjose292
Answered Nov 23, 2018
Try Equidious Research's signals. I have been tried many signals providers but was not happy with the performance. but with Equidious Research's signals I am making good returns since last 7 month. visit them for free trial signals at www.equidiousresearch.com
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Answered Mar 28, 2019
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GayAndre
Answered Mar 28, 2019
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DominicGopinko
Answered Aug 19, 2019
Edited Aug 19, 2019
Before understanding the best way to trade forex one must understand why one would consider trading Forex. There are two main reasons: hedging and speculation. The best ways to trade forex are:
Start Small When Going Live, Do your homework before trading, Find a Reputable Broker if you are a newbie, Know Tax Impact and Treatment
Read the complete strategy here: https://kalkinemedia.co.uk/
JohnSmithKalk
Answered Aug 20, 2019
Hello everyone feel free to reach out to Mr Andrew on ([email protected]) if you need help or guidance on how to recover your lost fund using good strategy and how  profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. you can also reach him out on whatsapp  +447508298691.
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Answered Nov 23, 2019
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Answered Apr 01, 2020
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Answered Jan 22, 2021
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Answered Feb 28, 2021

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