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Basic mistake we make
v
Obecné
Mar 23, 2022 at 09:29
Exactly, most people do focus on the money aspect. But unfortunately as people focus on this, this is why most people fail.
Is trading for living possible?
v
Obecné
Jan 11, 2022 at 13:50
Yes it is possible, but trading for a living is hard. Make sure you have savings before you do this, otherwise you will be trading to make a living and put pressure on yourself.
Loss
v
Obecné
Jan 11, 2022 at 13:50
Manage risk > stick to the plan > focus on win rate or RR and you'll be successful long term.
HEAD AND SHOULDERS
v
Obecné
Jan 11, 2022 at 13:49
Haven't traded this since my retail trading days, but the concept is once a H&S formation is formed, a re-test of the neckline and reversal.
Basic mistake we make
v
Obecné
Jan 11, 2022 at 13:48
One of the biggest mistakes for sure. I focus on risk/reward.
Forex Amount
v
Obecné
Jan 11, 2022 at 13:48
It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.
Gold broker recommendations
v
Obecné
Jan 11, 2022 at 13:47
Quite a few out there, have a look at the review section of this site and find out which one is best for you. Also, set up a demo and test out.
Choosing a new broker
v
Obecné
Jan 11, 2022 at 13:47
I look for a broker that offers a wide range of markets and ideally offer same day pay outs.
Money and skills
v
Obecné
Jan 11, 2022 at 13:46
You can have all the money in the world, if you can't trade or don't have a strategy - you will lose money. So trade demo until confident.
The fear of losing opportunity
v
Obecné
Jan 11, 2022 at 13:46
FOMO/Fear of losing is up there with the worst mind sets when trading.
Trading is not just about
v
Obecné
Jan 11, 2022 at 13:45
Psychology is one of the biggest aspects of trading.
Greed is dangerous
v
Obecné
Jan 11, 2022 at 13:45
One of the worst traits to have - I'm sure everybody goes through this at some point though.
There is no short cut
v
Obecné
Jan 11, 2022 at 13:45
For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.
EagleFX
v
Brokeři
Oct 30, 2021 at 12:24
Used this broker for quite a while now (2 years or so) and I've never had any problems.A big plus is that they offer same day withdrawals (not a lot of brokers offer this) and they have lots of markets to trade, you can even trade Crypto on a weekend.When I first signed up, I had lots of questions and the customer service team were on hand, helped me out and answered any questions.
Hugo's Way
v
Brokeři
Oct 12, 2021 at 06:03
Been with this broker for a few years now. Never had a problem with them. I was looking for a new broker at the time that offered Crypto markets 24/7 and they didn't disappoint.Withdrawals are always on time as well (usually same day). Better than a lot of brokers out there.
Common mistakes
v
Obecné
Mar 16, 2021 at 15:32
Yep, all common mistakes unfortunately!
The demo account is the master
v
Obecné
Mar 16, 2021 at 15:31
Yep demo is the best place to start. But the real emotions start when trade live.
Pure ECN broker
v
Obecné
Mar 16, 2021 at 15:31
I use ICMarkets at the minute
Both fundamental and technical
v
Obecné
Mar 16, 2021 at 15:17
I mainly rely on technical rather than fundementals personally.
In trading consistency is important
v
Obecné
Mar 16, 2021 at 15:13
I agree, consistency is everything long term.
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