New Forex Trader Here
May 27, 2019 at 10:54
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
May 29, 2019 at 10:52
Mohammadi posted:exactly, strategies are formed according to the market trend and often are improvised while trading, i myself have done it a thousand times.
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
Member Since Mar 03, 2019
57 posts
Oct 31, 2019 at 11:24
Thank you all for your responses.
Nov 08, 2019 at 05:28
Roberto21 posted:You said it right. Emotions are an inevitable part of life but can be overcome by practicing trading more and more.
from all reasons i think emotions is foremost , only due to emotions traders lost their temper and trade at random. only we can control emotions by practicing trading more and more.
Member Since Sep 10, 2019
10 posts
Nov 08, 2019 at 12:45
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
Member Since Mar 03, 2019
57 posts
Nov 09, 2019 at 22:01
kamikazebogeyman posted:yes maybe to start off with
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
Member Since Jan 05, 2016
1189 posts
Nov 17, 2019 at 01:54
Roberto21 posted:
newcomers always try to learn foor trading book, the bookish knowledge we acquire from reading a book , practically not works when trading in live. we should practice more and more.
Focusing on Risk Management would greatly reduce the level of losses, unfortunately, most new traders only focus on unrealistic profits, and ignore risk management.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016
1189 posts
Nov 17, 2019 at 01:56
Mohammadi posted:
according to me, newcomers shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.
EXACTLY! Risk Management is the #1 priority.
It's so simple and yet greater than 90% of traders lose in the markets because they focus on the strategy and profits above all else and ignore the #1 rule. :)
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016
1189 posts
Nov 17, 2019 at 02:02
kamikazebogeyman posted:
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
NO.
The BEST advice is to learn proper RISK MANAGEMENT.
Risk Management is the #1 priority.
By paying for a signal or buying a robot off the net is absurd.
Think about it.
Having someone else trade your account, just means you are allowing someone else to possibly lose all your investment capital.
As for robots.... NEVER PAY FOR A ROBOT YOU SEE ADVERTISED ON THE INTERNET.
We see them everyday. '$99.95 Elilte Packages', '$500.00 Secrets to trading' and other scams.
Think about it reasonably for one moment.
If the bot works, why are they bothering to sell it? They'd be INFINITELY WEALTHY, they wouldn't sell it.
Here is the true 'elite secret' to being profitable.
'RISK MANAGEMENT'
If you PROPERLY manage your risks, you will increase your overall profits and greatly reduce your losses.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 18, 2019 at 09:46
there are almost thousands broker in online retail Fx market and most of them are found to be scams. Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.
Member Since Sep 16, 2019
11 posts
Nov 18, 2019 at 12:08
Professional4X posted:kamikazebogeyman posted:
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
NO.
The BEST advice is to learn proper RISK MANAGEMENT.
Risk Management is the #1 priority.
By paying for a signal or buying a robot off the net is absurd.
Think about it.
Having someone else trade your account, just means you are allowing someone else to possibly lose all your investment capital.
As for robots.... NEVER PAY FOR A ROBOT YOU SEE ADVERTISED ON THE INTERNET.
We see them everyday. '$99.95 Elilte Packages', '$500.00 Secrets to trading' and other scams.
Think about it reasonably for one moment.
If the bot works, why are they bothering to sell it? They'd be INFINITELY WEALTHY, they wouldn't sell it.
Here is the true 'elite secret' to being profitable.
'RISK MANAGEMENT'
If you PROPERLY manage your risks, you will increase your overall profits and greatly reduce your losses.
I read a lot of people saying this about risk management but my worry is that even with the best risk management in the world you will not be able to make a profit if you do not have a trading strategy that works
Nov 20, 2019 at 02:59
for newcomers In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Member Since Jan 05, 2016
1189 posts
Nov 20, 2019 at 05:45
HertzTrader posted:
I read a lot of people saying this about risk management but my worry is that even with the best risk management in the world you will not be able to make a profit if you do not have a trading strategy that works
It doesn't matter which specific strategy an investor has decided to trade with, as long as the strategy presents little to no risk, and can generate a reasonable and consistent profit level. The strategy is secondary to Risk Management and effective money management.
The difference between a truly profitable investor and someone who consistently loses in the markets is effective Risk Management.
Effective risk management includes:
Profitable low risk investment strategy
Use of reasonable and realistic stoploss targets.
Use of reasonable and realistic takeprofit targets
Small lot sizes
Careful attention to the news events that could impact your currency pairs. (Fundamental analysis)
Trade without emotion
Automate where reasonable and realistic
There are other things such as technical analysis but the point is that Risk Management is the #1 priority in profitable investing.
Everything else is a secondary concern, including the profits.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 25, 2019 at 07:44
It would be better , if we get real trading facilities from our brokers as like superior execution , security of funds at any kinds of investments , low transaction cost , easy withdrawal system without long time process, free demo trading , active customer services , exclusive educational facilities , lowest trading spreads , usable bonus offer and much more that are very supportive to lead a comfortable trading life with certainly.
Member Since Jul 19, 2020
34 posts
Aug 26, 2020 at 18:31
If you are new in this market, you have to make a plan to make a profit from this market. on the other hand, you need a reliable broker. Without a good and reliable broker and a good plan, you can not make money from this risky market.
Member Since Jul 20, 2020
298 posts
Aug 27, 2020 at 02:20
New traders have a lot to learn to trade Forex. If a trader trades without learning, he will not be able to survive in the market for long. If you have to learn trading first, then you can make some profit at the end of the month. Trading is not an easy task as you come into trading and earn money. Brokers are an important part of trading. I learned a lot from the broker's website at the beginning of my trading career. As a trader, I always gather information from Eurotrader.
