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NikkiStrickland
Mind or Machine? What’s Better For Forex Trading?
在
一般
中
Aug 11, 2022 at 09:40
Trading is an art, not a science. Trading manually can be very rewarding if you have the time, money, and dedication to make it work and can help you achieve success in the long term.
Ready made strategy doesn't
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一般
中
Jun 23, 2022 at 06:23
In forex trading, there is no one-size-fits-all strategy. The success of one trader's strategy does not imply that it will be successful for all traders. To find profitable trading strategies, one must apply and test a variety of methods.
When a trader is a newbie
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一般
中
Jun 22, 2022 at 07:19
When a trader is just starting out. First and foremost, he must broaden and deepen his knowledge of the market. Newcomers must invest their time and energy in learning and improving themselves.
money manage and leverage
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新手交易員
中
Jun 22, 2022 at 07:19
A major aspect of money management is to take control over your emotions, because through money management you are taught not to overspend your money out of rage and greed. Many people do not understand leverage, and use unnecessary ratios because they are driven by greed to earn more profits. Remember that in order to earn profits with leverage, you must also have to learn proper risk management and analysis skills. Leverage is a double sided sword, so always be careful when using it.
Which pairs are your least favorite to trade? And why?
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新手交易員
中
Jun 22, 2022 at 07:18
Currently it is the EUR/CHF and the USD/CHF. The Swiss increased the interest rates unexpectedly and all of a sudden. This caused a major hike in the exchange rates of pairs involving the Swiss Franc. I’d prefer not to trade this at the moment.
You need sound mind
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一般
中
Jun 21, 2022 at 08:15
Sound mind is very important for making rational trading decisions. Market has no emotions and can wipe you out if you let any kind of negative emotion overrule you.
Is Forex risky?
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一般
中
Jun 21, 2022 at 08:14
Forex is not only risky but also difficult to trade if the trader is ill-equipped with the required skills and knowledge.
Consistency is the brick
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一般
中
Jun 20, 2022 at 11:22
Consistency is the aim when people invest. To get consistent profit is what everyone works towards. This is only achievable if hard work and patience become skills the trader learns along the journey.
Indicators are useful but
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一般
中
Jun 20, 2022 at 11:21
Indicators are useful, but they are not so reliable that you can rely entirely on them. It is recommended for a healthy trading career to gain extensive knowledge and apply your expertise to achieve your trading objectives.
Trading for the long-term
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一般
中
Jun 20, 2022 at 11:21
It entirely depends on a trader's goals and objectives, whether long-term or short-term. The most important factor is the strategy used. It has the potential to change the entire game.
Money Management Tips
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一般
中
Jun 17, 2022 at 11:31
Where money management comes as a basic skill for trading, not many traders are ready to use their brains to work on these. All they want are quick profits and they don’t mind taking big losses in return.
Most people become unrealistic
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一般
中
Jun 16, 2022 at 12:17
I won’t go far. I also got attracted by the social media ads and the lucrative lifestyle of the so-called traders. I was so excited to start my trading career that I put a big amount at risk. The obvious loss (as I can say now) came as a major setback. Just like scammy advertisements, there must be realistic ads too that will help new traders make an informed decision.
Ethereum is the new Bitcoin
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加密貨幣
中
Jun 15, 2022 at 06:24
Due to Ethereum's transition to a less energy-intensive version popularly known as Ethereum 2.0. The ETH price will be even more volatile than Bitcoin in the coming months. Improved Ethereum may make it more appealing and sustainable for widespread use.
Learning Forex Trading
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新手交易員
中
Jun 15, 2022 at 06:23
A trader should always take the concept of leverage very seriously, because being over leveraged can present significant risks, while if you choose to stay underleveraged, it may minimise your earnings potential. Leverage must be used only within its logical limits, as its effect on both gains and losses can get magnified. As a beginner, you should consider limiting your leverage to a maximum of 10:1. Or to be really safe, 1:1. Trading with too high a leverage ratio is one of the most common errors made by new forex traders.
Patience is best tool to get success
在
新手交易員
中
Jun 14, 2022 at 12:32
Most traders are too eager to jump in and trade whenever any opportunity arises. This is probably due to our human nature and the eagerness to make a “quick move”. But if there is one thing that ensures a high probability of winning, it is having the patience to grasp all the necessary information before you trade. This apparently will take time as there are many factors involved in it, such as the forming of trends, trend corrections, highs and lows. Impatience to look at these matters could result in loss of money. It could be helpful sometimes to take a break, allow oneself to h...
The fear of losing opportunity
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一般
中
Jun 10, 2022 at 06:35
For most new traders, it is a difficult task to filter out trades. They fail at understanding all the market fluctuations and expect to make money from each one of them. And when they don’t open a trading position, they get a feeling that they have missed an important trade.
Demo can not make you well experienced
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一般
中
Jun 10, 2022 at 06:33
I am not against demo accounts but somehow I feel that they fill you with overconfidence and make you believe that you are ready for live trading. But when you go into the live market, nothing such happens. You have to make up your mind that demo trading is just meant to give you an idea of the live market.
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