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Forex Courses
अंदर
नए ट्रेडरों
Aug 18, 2022 at 05:40
Forex trading courses can be helpful if taken from reputed platforms like Udemy, Coursera or Babypis. There are the chances of being scammed if you are not wise enough to pick the right one.
Is a demo account really neccassary?
अंदर
नए ट्रेडरों
Jul 18, 2022 at 06:28
No. It is not mandatory to trade with a demo account, but why don't you want to trade with demo accounts? Nobody starts making hundreds of dollars on their first day of trading. Demo accounts are there to help you build trading skills and get familiar with the trading system until you are ready to take actual risk.
Which pairs are your least favorite to trade? And why?
अंदर
नए ट्रेडरों
Jul 05, 2022 at 05:08
I abstain from trading exotic pairs because they have low to no liquidity, besides high spreads, which makes trading both risky and expensive. If you are a new trader, I would recommend you to start trading with only major pairs.
Forex is not scam
अंदर
सामान्य
Jun 27, 2022 at 04:24
Every person is capable of doing a different set of things and so, we can’t expect all of them to be great at trading forex. Just because someone doesn’t understand forex, it doesn’t mean that the whole concept of forex trading is a lie. You must first find out if you are capable of doing it or not.
Is trading hard?
अंदर
सामान्य
Jun 27, 2022 at 04:24
Money can never come easily to anyone. You have to work hard to fill your bank accounts. Trading is no different. If you are ready to take risks and overcome them with your knowledge, you will surely have a great time at trading and making winning trades.
Ready made strategy doesn't
अंदर
सामान्य
Jun 27, 2022 at 04:23
There are a lot of readymade strategies available in the forex market but there is no guarantee if they will work for you. You have to make some changes to them to customise them as per your trading needs. This will help you develop necessary trading skills that will help you proceed further in your trading career.
When a trader is a newbie
अंदर
सामान्य
Jun 24, 2022 at 06:05
We all start as newbies with no idea about what forex trading is and how we can make money with it. But it’s a problem when we keep the newbie’s mindset and don’t take responsibility for our trades. It is easy to blame the market but it takes a big heart to become capable of accepting your mistakes and improving them.
Does forex strategies usually work>
अंदर
सामान्य
Jun 24, 2022 at 06:05
Strategies do work. Not always, but often. As the market continues to evolve, so should your strategy. You can’t trade with the same strategy for months, as that won’t reap you any rewards.
Are there brokers with no withdrawal fees?
अंदर
नए ट्रेडरों
Jun 22, 2022 at 07:25
I am trading with fxview and avatrade and never paid any withdrawal fee.
Can you borrow money from the bank to trade forex?
अंदर
सामान्य
Jun 21, 2022 at 05:16
You should avoid doing anything like borrowing money at all costs, as it is not the way forex trading works. If you lose, you lose it all. Therefore, learn and work hard in order to earn through forex. Simply taking a loan for trading won’t work as forex is not a ‘become an overnight millionaire’ scheme.
There is no short cut
अंदर
सामान्य
Jun 20, 2022 at 10:48
I always relate forex to the famous saying “Rome wasn’t built in one day.” It takes a lot of time (months and years) to develop your skills and become disciplined. Forex trading is definitely one long journey, but worth it!
Indicators are useful but
अंदर
सामान्य
Jun 20, 2022 at 10:47
It’s better to end the debate whether charts are more useful or indicators, or anything else like signals. No one technical analysis tool is 100 reliable alone. You have to take in account the information provided by other tools. Even if you are primarily following indicators, there is no harm in that, just remember to double check with price actions, and also fundamental analysis. Do not miss out on anything, better to be safe than sorry.
What makes one a Professional Trader?
अंदर
सामान्य
Jun 17, 2022 at 10:13
Every professional trader follows the saying "cut your losses short and let your winnings run." Every competent forex trader is irritated by their losses. When the market swings against them, they either place a stop loss close to 100 pips or exit a losing trade early. When they detect the market moving in the direction they predicted, they let their winning trades run until it begins to fall again by more than 100 pips. Beginners do the opposite: they let their losses continue in the hopes that they will reverse, and they cut their winnings short in fear of missing out on them.
Money Management Tips
अंदर
सामान्य
Jun 17, 2022 at 10:12
I believe one of the best money management tips for forex trading is presetting how much capital you want to risk per trade. Most traders swear by the 2% risk rule, meaning you trade only 2% of your total capital per trade, and not a penny more than that.
Demo Trading Advantages
अंदर
सामान्य
Jun 17, 2022 at 10:11
Practice is key to learning trading or any other practical skill. And demo trading is a great place to hone skills. Traders get to trade in the exact environment, but with no risk at all. If you do it seriously, it can help you develop trading skills and get an edge in the market.
You need sound mind
अंदर
सामान्य
Jun 16, 2022 at 10:32
Trading is a mind game; thus, to make money, you need to be aware of how you take things in control. Avoid reacting the same way the market does. Give time to analyse it and then make a decision.
Mind or Machine? What’s Better For Forex Trading?
अंदर
सामान्य
Jun 13, 2022 at 10:16
Imo, machines can be really helpful in making profits but one should also understand that they also have limitations and can’t be 100% perfect.
Most people become unrealistic
अंदर
सामान्य
Jun 13, 2022 at 10:15
The fancy alluring lifestyle showcased by many people think that forex is an easy and quickest way of getting rich. They neglect proper forex education and start trading live directly and eventually fail..
Demo can not make you well experienced
अंदर
सामान्य
Jun 10, 2022 at 09:34
You may not learn everything on your demo account. But all that you can do is priceless. You get to know the market without having to take a risk. You learn to execute a trade and make use of different functions of the trading platform.
The fear of losing opportunity
अंदर
सामान्य
Jun 10, 2022 at 09:31
Being fearful is okay in forex trading. But fearing useless things can pose a great risk. You have heard right that you have a chance of making money when the market moves. But not every market move is worth taking the risk with. You better learn to filter out trading opportunities.
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