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THIS ARTICLE DOES NOT CONTAIN ANY ADVERTISING AND PROMOTION. IF YOU ARE CONSIDERING STARTING STARTING IN FOREX OR YOU ARE NOT TOO OLD IN FOREX, THIS SHORT ARTICLE WE RECOMMEND THAT YOU READ IT.
PART-1
To get detailed information about Forex, to learn what it is, its rules, advantages and risks, you can find Turkish documents where you can find answers to all your questions by clicking here . But first this article We recommend that you read to the end .
First of all, you need to know that Forex is a system with both earnings rates and risks. You should not rely on any advertisement or promotion and think that you will definitely make a profit under any circumstance and that you will become rich in a short time.
The aim in Forex should be to win gradually and step by step. The most important rule is to stay in the game.
Forex brokerage firms operating in Turkey are approved by the CMB. So, as long as you don't lose it, your money is safe as in the bank.
So, is it that simple to trade Forex? MetaTrader is the most widely used platform for Forex trading all over the world. This platform is both very simple to use and extremely detailed. We will talk about this later.
Let's say you have learned all the details you need about Forex and using the platform. Now it's time to trade in a way that you will earn.
PART-2
Numerous strategies, indicators, etc. developed to determine the direction of price movements. systems exist. Abundant resources or You can find the training video. The more you are interested in forex, the more you will master the analysis method, which is called "Technical Analysis" and uses the systems in question, and the more you know, the more you will see how much more there is to learn. So you will realize that there is no limit to learning about this subject.
It is not very possible for a beginner to be familiar with all the analysis methods that may be needed to trade forex in a short time. No matter how detailed it is learned in theory, it takes time to be able to use each of them in practice and to determine the individual's own/appropriate strategy.
So, can non-professional traders make money with forex? Of course he can win. But there are very important rules that must be followed.
Do not rush to trade real money in real account. It's never too late for anything in Forex. There are always opportunities in the market.
Even if you trade for a while on the demo account and see that you are making a profit, start with real account trading cautiously. Because the psychology of trading in the demo account and the psychology of trading in the real account are very different, and the most important detail that makes or loses in forex is the psychology of the individual.
Do not aim to make a lot of money in a short time. Remember, the most important rule is to stay in the game.
Don't panic. Don't be greedy. Don't be hasty. Don't be indecisive. If you think you're running late, turn off the screen and wait.
SECTION-3
How can a person constantly hurt? After all, even if we open a random trade, there is a 50% chance that we have chosen the right direction.
There are actually very simple answers to this question. Namely;
You opened a trade and your trade made $50 profit. You close that process. You say, "I made $50 from my seat, why should I expect more?" Then you opened another trade and your trade came to a loss of $50 - $75 - $100. You do not close the transaction. Out of the blue, you say, "Why should I lose money?" Then your loss will grow and your loss will be much more. However, a certain If you had a rule and you could stick to that rule, if you didn't panic, they wouldn't happen.
Let's give another example;
A few of your transactions went to loss and you lost a certain amount. Then, a trade you open costs $50 - $100 etc. came to profit. Normally you close this process, maybe you should definitely close this process according to your own rules. But you wait before you can take out the previous losses and the movement is reversed, this will also make your trade a loss. expense. Whereas, if you had not been greedy, you would have been able to cover your losses in time, if not immediately.
Examples can be expanded.
SECTION-4
If you have blended all these in your mind and have learned about forex as much as you have time and energy, you can now open a demo account from a brokerage firm. After you open your demo account, they will contact you and answer every question you want to ask and give you training to the extent you want.
SECTION-5
So what is this Forex robot stuff?
Forex robots are NOT systems that see the future and make automatic transactions accordingly. Forex robots have two main uses.
There is a strategy one trusts. He can apply the strategy and follow the rules in a disciplined manner. He has seen that he has won as long as he can stick to it. However, even if he manages to stay at the computer all the time, it is not possible for him to make analyzes depending on his strategy at any time, see the result quickly and open a trade accordingly. In this case, it is a good solution to turn the strategy into an automated system and implement everything by the robot exactly as it was taught.
The best way to use the strategies of people who are more knowledgeable in Forex than we do, and to have all they know, is to use robots developed by those people and working according to the strategies defined by those people.
You can find more information about why Forex robots are used by clicking here.
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