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How to start forex trading? Read These Best Tips!
in
General
Mar 03, 2022 at 06:06
Forex is a bright profession for a trader who knows actually the exact way of trading. But it is not for those who are ignorant of trading. Proper risk and money management is essential for trading indeed otherwise the trader is destined to be failure in the long run.
Most people become unrealistic
in
General
Mar 03, 2022 at 05:57
Unrealistic trading makes a person unrealistic. There should be some valid reasons behind opening a trade. But we see that a major percent of traders open trades without any analysis and valid reason that generally ends in smoke. So, this makes them dejected and frustrated about trading.
Emotion in Forex trading
in
General
Mar 02, 2022 at 05:34
Controlling emotion is the major concern for a trader. Because when a trader sees there is money splattering like water in the sea, he cannot control his emotion in terms of anything. But, those who have been here for a very long time can only control emotion as they are familiar with the environment.
Risky business
in
General
Mar 02, 2022 at 05:31
Every business comes with certain amount of risk because it is the nature of a business. But, Forex is such a business that is even riskier than other business. But, you risk level will remain low providing that you trade with low leverage. Leverage plays an important role in increasing and decreasing risk level.
Basic mistake we make
in
General
Feb 28, 2022 at 08:18
You are absolutely right, even I see a number of traders try make money by using others signal or trading system! It’s not a proper way to make money in this volatile arena! New traders need to focus on only learning, instead of earning!
Emotion in Forex trading
in
General
Feb 28, 2022 at 08:15
If you are not sincere enough on your existing trading plan then you will be affected by your bad emotions during your trading time! I don’t think, you emotions can really help you during your trading time; so try to follow your trading rule as much as you can!
Emotion in Forex trading
in
General
Feb 25, 2022 at 09:09
Well, you should open your new trade position only based on your current market analysis, don’t follow your emotions when you are trading! Because, more than 95% traders loss their money because of following their emotions & greed!
5 Things I have learned in 5 years of trading!
in
General
Feb 25, 2022 at 09:07
That’s true, I see a number of new traders try to gather huge amount of capital to trade in live account! Although, their trading skill isn’t up to the mark! Forex is a risky business where more than 90% traders are losers! So, don’t try to make quick money here!
Money Management Systems.
in
General
Feb 18, 2022 at 13:17
Well, I basically follow a fixed risk reward ratio here, for me it’s about 0.75% risk percentage in all individual trade position! Because my trading strategy provides me around 75% success ratio!
You need sound mind
in
General
Feb 18, 2022 at 13:14
I agree with you! This is why, when I have a clear picture on my trading chart; only then I open my new trade position! On the other hand, when I’m focused on the chart, I just avoid that trading pair, because with a confused mind, its really hard to sustain here!
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