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Salsitude
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Learning and earning
in
General
Dec 29, 2022 at 09:13
As a trader, you must remember that you cannot earn well if you do not learn well. Good learning is the key to good earnings. So, if you want to earn well, first devote time to learning it thoroughly.
The fear of losing opportunity
in
General
Dec 29, 2022 at 09:10
The fear of losing an opportunity is a common emotion that has a negative impact on trading and the trader. This is why every trader should keep their emotions out of their trading and trade in the live market with a clear mind and logical approach.
Demo can not make you well experienced
in
General
Dec 29, 2022 at 08:27
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
Does forex strategies usually work>
in
General
Dec 29, 2022 at 08:20
Trading strategies are methods of profiting in the current market conditions. Every trader who is looking for a profitable trading strategy should devise his or her own trading strategy based on his or her trading goals and objectives. Effective trading strategies are required for profitable trading.
How much should you invest in trading
in
General
Dec 23, 2022 at 13:08
It is determined by the trader's risk tolerance and the trading strategy employed. To avoid losing your shirt as a novice trader, it's smart to take things slowly and with a low initial investment.
Can Traders still make profits both in a bull and bear market?
in
General
Dec 23, 2022 at 12:48
Both bull and bear markets present ample opportunities for profit. The secret to financial success is learning which investment strategies work best in which markets, and then putting those strategies to work. Some investments that can be used to reap benefits from a falling market are short sales, put options, and short or inverse exchange-traded funds.
Feeling recently
in
New Traders
Dec 22, 2022 at 07:16
Your entire argument is sound. In the foreign exchange market, there are no hard and fast guidelines. Every trader must go with the flow and evolve in response to the challenges they face.
Is investing in the forex market risky?
in
General
Dec 22, 2022 at 06:22
Foreign exchange (Forex) market investing carries a high level of risk. Trading is inherently risky, but there are strategies available to mitigate this. Traders who are consistently successful are those who master risk management.
How to increase trading skills ?
in
New Traders
Dec 22, 2022 at 06:14
There is only one way to increase your trading skills and that is to practice more and more in the market. there is no substitute for practicing and improving yourself.
What is your best tip to set STOP-LOSS in Trading?
in
New Traders
Dec 22, 2022 at 06:11
When determining a stop-loss order's dollar amount, the majority of traders rely on the percentage rule. Stop-loss orders are typically set at 10% of the purchase price by trader who wants to protect themselves from significant losses.
Which according to you raises your trading cost the most?
in
General
Dec 20, 2022 at 09:18
In the majority of the cases, I believe that increased spread and commission are the primary contributors to the increase in trading costs. However, the sum of these causes is what drives up trading costs.
Keep your innovation running
in
General
Dec 20, 2022 at 08:30
Traders must devise unique strategies and modify them on a regular basis. Because profiting in the market is nearly impossible without a good and proven strategy. So keep researching different strategies, developing new ones, and implementing them for your own benefit.
Successful Traders Mindsets
in
General
Dec 20, 2022 at 08:29
Successful traders understand how to manage market risk and use it to their advantage. They are disciplined and patient in their business. This set them apart from other traders and propelled them to the top of the market.
Is a demo account really neccassary?
in
New Traders
Dec 19, 2022 at 11:37
Demo trading is beneficial in some ways. When a newcomer enters the forex market, demo trading assists them in learning and honing their skills. Demo trading allows even seasoned investors to test the viability of their trading strategies before committing real money.
Is demo trading enough before real account?
in
New Traders
Dec 19, 2022 at 11:29
Demo trading is an excellent way to hone your trading knowledge and skills. You can also try out different trading strategies to see which ones work best for you. Definitely, this will prepare you for live trading. However, keep in mind that results on a demo and live trading accounts rarely match. So when entering into live trading, start small.
NEW TO TRADING
in
New Traders
Dec 19, 2022 at 11:25
Your first step should be to gain sufficient knowledge and trading skills. Find some trustworthy sources to learn and comprehend trading. After that, you can sign up with a reliable broker, and open a demo trading account to get some experience under your belt. It will help you to sharpen your skills and learn more about trading and the market.
Greed is poison
in
New Traders
Dec 19, 2022 at 11:18
Greed is a human emotion that can cause you to overtrade and make other mistakes in your trading. It is always advised for traders to control their emotions because even a single one can ruin everything and result in severe losses.
Is Forex an Addiction ?
in
New Traders
Dec 16, 2022 at 06:52
Forex trading is not an addiction. But when newbie traders start making money, they run the risk of becoming addicted to trading. However, this problem can be solved by gaining an understanding of trading psychology.
Strategy-based trading
in
General
Dec 16, 2022 at 06:49
if you are not doing trading based on a profitable strategy then it is not called trading. Then you can say it is another form of gambling. every trader must indulge in strategy-based trading.
Consistency is the brick
in
General
Dec 16, 2022 at 06:42
It is true that consistency is required for success. However, a considerable amount of time is required in order to achieve consistent profitability in the market. One must have patience while working consistently in the market.
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