forex question?
i’m a newbie of forex (foreign exchange currency), i wonder why most of trader using multiple monitor to see their chart, if you and experience trader please help me, tell me what are they looking on first monitor and the second one.
what are the most important of being a forex trader?
does it need a specific time to do a trading?
thank you..
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Hi,
There’s actually no need to use multiple monitors when trading Forex.
Although multiple monitors do help a trader to better visualise relative price movements (i.e. compare movements between currencies and time frames), you can already do that using multiple "windows" in one single monitor.
Multiple monitors are honestly more a luxury than a necessity, at least at the retail trading level.
Now, to answer your other questions…
The most important thing about being a Forex trader is money management. There are many free resources available on the internet where you can learn from.
About your last question…
There is no specific (or compulsory) time to trade, although there are better times to trade than others. The better times to trade typically coincide with the London and U.S. trading hours because of the high liquidity.
Hope I’ve been of help to you. If you want more information, you may like to get a free copy of my Forex trading report at http://forexsystemprofits.com