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New Begining on Forex
v
Noví obchodníci
Aug 03, 2022 at 05:54
Hello, welcome to the forum! You must focus on being patient throughout your journey. Study and analyse the market first, it’ll help you make good decisions leading you towards profit. Good luck!
Time Management
v
Noví obchodníci
Aug 03, 2022 at 05:53
That does make sense, good start there! If you truly wish to trade news, you need to watch out and stay updated on all the news available so you don’t misconstrue any move. Create a plan, stay organised so you don’t lose your mind in the process, it can get hectic so take a few breaks and rest.
To shine in forex
v
Obecné
Aug 03, 2022 at 05:53
In order to become capable in forex, never stop learning. Analyse the charts daily and read journals of professional traders. You need to be disciplined and consistent in order to gain the golden experience of trading forex.
What do you learned while trading?
v
Obecné
Aug 02, 2022 at 04:45
These are some really good points that you have noted down. Agreed with all of them. Forex trading is a long and tough journey. Staying consistent, working hard, thinking smart, using proper risk management decisions, all are very important for becoming profitable. You miss any one, and you can lose trades.
Want to Learn More!!
v
Noví obchodníci
Jul 14, 2022 at 04:44
Practice on a demo account first, it’ll sharpen your skills and understand the market closer. Start with a micro lot, then you can expand. Moreover, start by practising. This teaches you risk and money management too, which are important for successful trading.
Very tough business.
v
Obecné
Jul 14, 2022 at 04:43
Yes, it can be tough for those who don’t spend time learning. Skills and technique are achieved through experience. If newbies find patience and stick to a plan, they will receive profit.
Should I invest in cryptocurrencies?
v
Krypto
Jul 12, 2022 at 12:00
It’s a good idea to invest in cryptocurrencies, but one should know the technology behind the cryptocurrency he/she is looking to invest in for a better understanding of its performance. As for the wallets, are you only using Divi wallet? My investments are divided between two wallets, capital wallet for cryptos, and huobi for Defi.
Does emotion harm?
v
Obecné
Jul 04, 2022 at 08:04
People who are driven by their emotions are more likely to fail than those who are not. Traders make irrational decisions when they are swept up in their emotions. Traders who consistently outperform the market are immune to the effects of their own emotions. A trader's desire to make more money quickly can drive him to take on greater risk.
Is trading hard?
v
Obecné
Jun 21, 2022 at 09:23
There's a lot of risk involved in trading. But the payoffs can be enormous. Making money is simple if you know how the market works and possess extensive knowledge.
Most people fail because
v
Obecné
Jun 07, 2022 at 11:13
According to me, many of them fail because their money is inadequate in comparison to the number of trades they make. Forex traders are compelled to take on such a large and volatile financial risk because of greed or the potential of controlling big sums of money with small capital.
Demo Trading Advantages
v
Obecné
Jun 06, 2022 at 06:05
It lets you observe how price action evolves and comprehend the dangers associated with leverage. It lets you learn how to use the platform and get a sense of the broker's trading circumstances. You may use it to create trading strategies.
Can you borrow money from the bank to trade forex?
v
Obecné
Jun 01, 2022 at 09:09
You can borrow money from the bank as in terms of personal loan. However, it is best advised to not do so. You should always use your own money to trade, and risk only as much as you are ready to lose. Even if you have a small capital, you can use leverage from your broker to trade with higher capital. Just remember to use leverage carefully with risk management.
Demo can not make you well experienced
v
Obecné
May 31, 2022 at 10:45
The purpose of opening and using a demo account is to get the newbie trader acquainted with the market. In the process of learning about forex trading, when the beginner uses a demo account, he can detect any shortcoming in trading plans, perform market analysis, and develop risk management plans. Hence, a forex demo account is not to get one experienced in trading, but is just a booster to help a beginner learn about the market.
The dark side of forex markets
v
Noví obchodníci
May 31, 2022 at 10:45
Every financial market has its own set of drawbacks and dark sides. Forex also has. However, a trader can learn risk management and other strategies to stay steer clear of such situations.
Indicators are useful but
v
Obecné
May 31, 2022 at 10:44
I seem to get you. I mean the direction where you are taking your talk, and I agree with you. Indicators are quite useful, but too much dependency on them is not good either.
What are the popular Techniques for Forex trading?
v
Obecné
May 30, 2022 at 09:48
There are so many out there. But the most common ones are as follows:Price action trading, range trading strategy, trend trading strategy, position trading, day trading, swing trading, scalping, carry trade strategy.
Patience is best tool to get success
v
Noví obchodníci
May 27, 2022 at 05:37
Of course, it is. People fall prey to the dirty net of greed, which often results in loss. Patience is one of the most important virtues here, but how many are willing to be patient in this day and age of instant gratification?
Diffrence between real & demo trading
v
Noví obchodníci
May 27, 2022 at 05:34
A Demo account and a real account are almost similar except for the type of money used. Demo does not involve any real money, and therefore, people can trade without fearing any loss. While in a real account, real money is involved which activates the emotions like fear, panic, and anxiety. Demo accounts are only for educational purposes and do not guarantee success in trading. Traders need to trade live to develop the right trading psychology.
The fear of losing opportunity
v
Obecné
May 26, 2022 at 07:35
The fear of losing opportunity is true in most cases. Nearly all new traders think that if they don’t open a trading position now, they will lose an important trading position.
Can forex trading make you rich ?
v
Obecné
May 26, 2022 at 07:34
If doing forex trading was enough for anyone to become rich, there would not have been any losing traders. And when there would not have been any losing traders, there would not have been any forex market.
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