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90% are loser ..why ?
v
Noví obchodníci
Nov 19, 2021 at 08:14
90% of traders lose money, and it is no wonder because new traders are not taught correctly, and they take forex as a game or pastime. Traders must learn how to trade and not play with money; otherwise, you will end up losing all of your hard-earned cash in a few months, and you will be thinking about quitting.
Overconfident
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Noví obchodníci
Nov 19, 2021 at 08:06
Overconfidence can lead a trader to make decisions that are careless, impulsive, and rash. These types of decisions can lead to the loss of money in trading; this is especially true in the Forex market because of its high volume and volatility. So, a trader should be careful to maintain control over emotions and let logic rule the actions rather than overconfidence.
Forex and its earning
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Noví obchodníci
Nov 18, 2021 at 04:59
Forex is a great way to make money. It's not something new, but it's becoming more and more of a popular way of making money. The best thing is that you can start trading with small capital. All you have to do is find a good broker and start trading.
Determining how much account was at risk
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Noví obchodníci
Nov 18, 2021 at 04:40
Don't take risks more than you can afford to lose. Use a proper money management system so that you don't lose all your money while trading forex.
Moving averages in in/out trading style
v
Zkušení obchodníci
Nov 18, 2021 at 04:21
I trade smaller charts as a day trader and use moving averages to time my entries very accurately. The simple idea behind the moving average is to show the average price of a currency pair over a period of time.
How does experience come?
v
Zkušení obchodníci
Nov 17, 2021 at 04:25
Experience comes with time. Through time, you will experience what works and what doesn't work. The more you trade, the more likely you'll be successful.
Understanding Market Orders
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Noví obchodníci
Nov 17, 2021 at 04:06
Market orders are the simplest form of the order you can place in forex trading. When you place a market order, your broker executes that trade immediately at the current market price. The price at which the order is executed is not necessarily the same as the price you see when looking at historical charts because market orders take priority over other pending orders.
Emotional Trading
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Obecné
Nov 16, 2021 at 08:01
Forex traders are ultimately responsible for their own success or failure in the market. A trader should avoid emotions while trading and keep a clear mind. To be a successful trader, a trader should develop discipline and patience to stay objective toward their own success.
Basics knowledge is not enough
v
Obecné
Nov 15, 2021 at 07:58
A trader should be up to date with the current news events. He should know when he has to sell or when he should buy using his strategies and tactics.
Demo can not make you well experienced
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Obecné
Nov 15, 2021 at 07:50
Traders can use demo trading as a learning tool before trading with real money. They can learn how money management affects their profit or loss.
Basic mistake we make
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Obecné
Nov 12, 2021 at 05:55
A beginner can make many mistakes when trading the market for the first time. Many of them lose money because they lack the necessary knowledge, experience and discipline.
In trading everyone should have some rules
v
Obecné
Nov 11, 2021 at 05:57
Rules are there to help you and prevent you from unnecessary losses.There are four key rules of trading:1. Don't trade without stop loss (money management)2. Trade with the trend (price action)3. Use a trading plan (plan your trades)4. Follow the rules (risk management)
How long it takes to learn
v
Obecné
Nov 11, 2021 at 05:48
The time it takes to learn Forex trading varies from trader to trader. There are several factors that are the cause of this variance. These factors are age, experience, diligence, and general ability.
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