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Find your Trading Coach / Mentor
v
Obecné
Mar 30, 2022 at 09:28
Having a mentor is okay but it is for those who have a good financial backup. But those who are financially weak can’t afford to keep a mentor. No worry because there are learning materials available online. So, try to follow them to enhance your trading knowledge and ignite your skill.
How much money can I expect to make from trading?
v
Obecné
Mar 30, 2022 at 09:22
Every trader has expectation but the matter is that how many of them can concretize their dream to reality. Large expectation drives a person towards emotion, on the other hand, moderate expectation makes a person happy and this is true to the bone in the field of Forex.
What Geopolitical Risk Really Means to Your Trading
v
Obecné
Mar 29, 2022 at 04:34
What majority of the traders do is they use some technical tools to analyze the market but they don’t undertake the issues of geopolitical risk. It is because they don’t know where technical tools works 50%, fundamental analysis works 99%. Lacking of the knowledge of fundamental analysis leads them not to reach the doorstep of success.
When a trader is a newbie
v
Obecné
Mar 29, 2022 at 04:21
Thousands of traders are joining Forex every day to quench their financial demand. But maximum traders are failing on a regular basis and leaving trading as well. This is because most of the traders don’t undertake the right approach. So traders should be devoted to trading to bring out the best.
7 Benefits of using stoplosses
v
Obecné
Mar 26, 2022 at 05:19
Using stop loss has endless benefits but the major benefit is that it guards against losses. Sometimes you cannot stay home and by that time if the market moves roughly, it will cause you a great loss. And it is where stop loss works as a shield. So, make it your priority.
Forex trading offers high leverage
v
Obecné
Mar 26, 2022 at 05:09
If a trader uses high leverage, it will carry large amount of profit for him. But, using high leverage is out of the risk management policy, which is essential to be maintained by traders. The reason is using high leverage lowers the profit on average. Personally, I avoid taking high leverage in trading.
Greed, the destruction
v
Obecné
Mar 23, 2022 at 03:58
Do you yield to greed? Then come out of it at the soonest because it destroys the dream of a trader. It is the worst part of a person’s nature. Forex and greed cannot be juxtaposed. Try demo trading and check different indicators. Thus you will be able to generate a strategy that can make you profitable.
Very tough business.
v
Obecné
Mar 23, 2022 at 03:50
Forex is a very tough business for those who are ignorant of trading. So, traders should sharpen their trading knowledge as much as possible. But unfortunately we see traders are unwilling to earn knowledge that leads them to failure. There are examples of traders who conquered Forex trading only by learning.
Does forex strategies usually work>
v
Obecné
Mar 21, 2022 at 15:28
Well, if you try to copy/paste others trading strategy or system, then surely you’ll suffer! In reality, most of the technical tool based strategies are meaningless in a long run, so don’t waste your time by following technical tool based trading tools! Try to learn chart reading (Price Action trading) strategy!
Be productive
v
Obecné
Mar 21, 2022 at 15:22
Exactly, there is no way to follow others trading strategy or signal! We should have our own trading way! On the other hand, learning from the own trading mistake is the best practice!
Emotion in Forex trading
v
Obecné
Mar 19, 2022 at 04:18
Make sure emotion doesn’t raid into your trading because it is one of the worst human nature that destroys him. Emotion inspires a trader take high risk and trade for revenge so that he or she can be highly profitable by the end of the day. So recovering from emotion is badly essential for traders.
High Leverage
v
Obecné
Mar 19, 2022 at 04:09
Leverage is a special facility that is provided by a broker but what I suggest traders avoid trading using high leverages because it can cause huge losses in the end. Due to leverage, a trader can take risk more than his invested capital. Leverage increases traders’ profit and so traders jump onto using it at any cost.
importance of skills
v
Obecné
Mar 06, 2022 at 04:16
Every trader knows the importance of increasing skill because Forex will be a danger zone for you if don’t have good trading skill. So, I suggest unskilled traders to trade less and to read more. The higher the trading skill is, the higher the return is. You need not to be here providing that you don’t have sufficient trading skill.
How much money can I expect to make from trading?
v
Obecné
Mar 06, 2022 at 04:06
Whatever your budget is, it cannot be earned until the market condition is well and you know trading. Budgeting is never possible in Forex trading because it’s a volatile and unpredictable market. However, you should change the strategy of your trading and upgrade you trading plan to a new level.
Risky business
v
Obecné
Mar 05, 2022 at 04:35
How much risky Forex trading is depends on the amount of leverage that you are taking for a trade. I always keep my leverage amount lowered while trading because I try to trade risk freely as much as possible. The journey of Forex is inauspicious to many traders just because of this high leverage.
best way to find is my best performing EA
v
Obecné
Mar 05, 2022 at 04:32
Personally, I dislike EA trading the most because such automated trading software fail after a certain age. Besides so, you know that the market moves fundamentally but the EAs work on technical tools. So, here lays another issue to think of. EA trading doesn’t refer to any professionalism.
When a trader is a newbie
v
Obecné
Mar 05, 2022 at 04:23
A trader who has just joined Forex trading is known as a newbie. Forex seems very challenging to a newbie and he needs to spend much more time in Forex to learn about it. They sometimes require support from old traders because knowledge about Forex is like a sea.
How much should you invest in trading
v
Obecné
Mar 05, 2022 at 04:20
Investment amount should be smaller if you are a new trader. But if you are an experienced trader, your investment amount should be large. Because old traders know how to operate trading maintaining risk management and money management policy. If a trader is capable of trading, large investment must provide him with a better outcome.
You need sound mind
v
Obecné
Mar 04, 2022 at 04:34
You should keep your mind healthy to trade Forex nicely. This is the point which is a cause for many traders unsuccessfulness. Another point is that traders are not mentally satisfied with their earning. How much the amount is, they are not satisfied. So, it destroys their mental peace and creates anarchy in trading.
Emotion in Forex trading
v
Obecné
Mar 04, 2022 at 04:26
Don’t let your emotion raid into your trading but if so happens, it will raze your trading down. I know it’s a physiological problem; however, you have to control it at any cost to save yourself. Always try to ignite your trading skill and execute as much as you learn in the demo account.
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