Let's Talk Trading
Členem od Sep 07, 2018
8 příspěvků
Sep 09, 2018 at 06:04
That is a really good (and depressing point that you make). I'm not really sure that I want to continue now. If 90% of people are scammers then odds are that I wil just be wasting my money
Členem od Sep 10, 2018
8 příspěvků
Sep 10, 2018 at 14:29
yeah but if you don't try then you will never succeed. Got to take a risk in life. Do your research and you should have a better chance at avoiding scams
Členem od Feb 12, 2016
427 příspěvků
Sep 20, 2018 at 14:58
The 100% way to miss on success is to stay idle and do nothing.
P.S Sometimes in trading it's best to do nothing, but not always. Just know when and how to act.
P.S Sometimes in trading it's best to do nothing, but not always. Just know when and how to act.
Accept the loss as experience
Členem od Aug 11, 2017
886 příspěvků
Sep 22, 2018 at 08:50
Starting with small account always safe and sounds , but we newcomers always try to start trading with large amount due to earning profit rapidly , in practical there is no way to get better something by large capital , need only good trading knowledge and experience that can bring good result in spite of minor balance.
Členem od Aug 09, 2017
785 příspěvků
Oct 19, 2018 at 05:35
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Členem od Apr 18, 2017
920 příspěvků
Nov 25, 2018 at 08:10
Imamul posted:
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Of course, BabyPips School is very useful institution to learn Forex! But, on;y BabyPips School is not enough, because traders need to learn basic as well as advance trading.
Členem od Aug 09, 2017
785 příspěvků
Dec 18, 2018 at 10:53
Self learning is best not only Fx but also others profession. But honestly speaking without a great mentor that’s really difficult to learn Forex as a beginner. Because this market is too much volatile and widespread. Beginners can take demo trading for self learning besides Pips school.
Členem od Aug 27, 2017
994 příspěvků
Dec 23, 2018 at 08:30
Imamul posted:
Self learning is best not only Fx but also others profession. But honestly speaking without a great mentor that’s really difficult to learn Forex as a beginner. Because this market is too much volatile and widespread. Beginners can take demo trading for self learning besides Pips school.
That’s the proper way! Since, there haven’t enough number of trainers! In addition, new traders should make sure their trading skill before the live trading, unless they will face a huge lose.
keeping patience.......
Členem od Aug 09, 2017
785 příspěvků
Dec 25, 2018 at 13:29
Revenge trading is the foremost symptom of emotions which is mainly considered the reason for losing in Forex. We have to control this common human nature by proper trading discipline. But cannot remove completely at all.
Členem od Aug 11, 2017
886 příspěvků
Mar 19, 2019 at 10:35
any trading analysis is important but most important is fundamental particularly when it is time to news , fundamental analysis to acquire is a tough issue and need a long time , for that reason we the traders above all newcomers fail to interest and move on technical analysis for trading successfully.
Členem od Apr 18, 2017
920 příspěvků
Mar 19, 2019 at 13:57
Mohammadi posted:
any trading analysis is important but most important is fundamental particularly when it is time to news , fundamental analysis to acquire is a tough issue and need a long time , for that reason we the traders above all newcomers fail to interest and move on technical analysis for trading successfully.
Correct; I have seen most of the time; during the high voltage news like FOMC, NFP technical analysis doesn't follow the rules; that’s why, usually I close all of my trades during the high voltage news sessions.
Členem od Aug 11, 2017
886 příspěvků
Mar 21, 2019 at 07:16
I think professional trader is who have good psychology trading as well good money management and also have trading strategy to make better decisions in market , perhaps know the right time to make order in market.
Členem od Aug 09, 2017
785 příspěvků
Mar 21, 2019 at 09:25
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.
Členem od Mar 21, 2019
11 příspěvků
Mar 22, 2019 at 08:53
I find is still that some newbies try to trade with daily targets of 10 pips or 100 pips or whatever. You can only get what themarket will give you. When price is static it is impossible to make any money buy when there are large 200pip moves in a day then there are profits (or losses) to be had
Členem od Aug 27, 2017
994 příspěvků
Mar 25, 2019 at 15:27
Amadi posted:
I find is still that some newbies try to trade with daily targets of 10 pips or 100 pips or whatever. You can only get what themarket will give you. When price is static it is impossible to make any money buy when there are large 200pip moves in a day then there are profits (or losses) to be had
Basically, it’s a wrong approach; there is certainty in Forex; it’s all about probabilities. So, having a fixed target means extra burden.
keeping patience.......
Členem od Aug 11, 2017
886 příspěvků
Apr 10, 2019 at 10:40
Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.
Členem od Mar 11, 2019
10 příspěvků
Apr 10, 2019 at 14:21
Sad truth is that many trader do not realize that Forex is risky. Or the do not realize HOW risky it can be. I have read so many stories of people open a trade with 1 Lot thinking that was small and then within 1 day they have lost $1000
Členem od Aug 11, 2017
886 příspěvků
Apr 12, 2019 at 09:56
Generally, novice traders should start from basic level! According to my personal experience, BabyPips School is a good place for start with! Besides, new traders need to open a demo for practicing purpose! Demo is the most decent way of Forex learning.
Členem od Feb 22, 2011
4862 příspěvků
Apr 12, 2019 at 12:18
The killing danger for beginner's trader is undercapitalization.
When trader tries to made enough profit for living on $1,000 account it leads to overtrading.
Overtrading leads to huge risk.
Huge risk inevitably leads to losses.
This is tightly related to risk mgmt and to realistincs expectations.
So even with a good strategy if you overtrade you will kill your account soon or later.
When trader tries to made enough profit for living on $1,000 account it leads to overtrading.
Overtrading leads to huge risk.
Huge risk inevitably leads to losses.
This is tightly related to risk mgmt and to realistincs expectations.
So even with a good strategy if you overtrade you will kill your account soon or later.
Členem od Apr 12, 2019
6 příspěvků
Apr 12, 2019 at 12:20
Babypips is a great place to start. Lots of beginner information. Not so good for advanced strategies but if you are total newbie then it is great resource
