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Books or Videos - Which one is better for learning?
v
Noví obchodníci
Nov 03, 2022 at 05:53
For me both books and videos were effective when I was learning about forex trading. It depends upon you totally. If books are enough for you then stick to them. If not, diversify your learning resources. You can also join forums to connect with traders all across the world.
Luck is important
v
Obecné
Nov 03, 2022 at 05:53
I would disagree with OP here. Luck will never be a huge part of your trading success. Based on my experience, luck plays a little to no role in your long term success as a forex trader. One who believes in luck based trading is setting themselves up for failure only. Just focus on learning and work towards your goals. That is the only thing you need to do for profitable trading.
Fxview
v
Brokeři
Nov 01, 2022 at 09:56
Started recently with fxview, currently testing them on demo - spreads are tight from what I’ve seen so far and trade execution has been quick. Soon planning to go live with them.
Does emotion harm?
v
Obecné
Oct 20, 2022 at 08:06
Emotions are not your enemy unless you lack control over these emotions. But unfortunately most traders end up becoming prey to emotional trading. Being emotionally mature is very important for trading success. And those who have this trait will surely have an edge over those who simply lack emotional intelligence.
Forex is not like gambling
v
Obecné
Oct 19, 2022 at 09:16
Forex trading is not a game of chance. The foreign exchange market is a market where currencies are traded. Forex trading can make you wealthy if you are a hedge fund with big pockets or an incredibly adept currency trader. It is, nevertheless, far riskier than internet gambling. Accepting forex as a business rather than a game will allow you to make better decisions and learn how to construct effective trading techniques. You must have a lot of knowledge and be up to date on what is going on in the globe to do this. The trick to working in silence is to be patient. It's not like playing a...
The worst trading advice you can get
v
Obecné
Oct 18, 2022 at 10:43
Definitely the worst advice is what the OP stated. The person who gave it must not have been a well wisher of the trader at all!
Successful Traders Mindsets
v
Obecné
Oct 11, 2022 at 10:46
You have said it all. Not being greedy and not giving up will eventually lead you to success no matter how long it takes. A beginner should not rush the learning process because knowledge is the foundation of your success in the future. So, we must set the foundation right in order to become successful in the long run.
New traders love scalping
v
Obecné
Oct 10, 2022 at 09:31
I have also seen many new traders who only want to make quick profits and get into scalping without a proper trading plan or strategy. A scalper needs to have professional level skills in order to make profits and a beginner should spend more time learning and backtesting their strategy instead of chasing profits without an actual plan to follow.
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