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Money Management Tips
in
General
Apr 07, 2022 at 04:58
Money management is a badly needed policy to be maintained. Without proper money management, traders can derive profit from the market on average. Traders should lower their trading lot size because it reduces their risk level. The higher the lot size is, the higher the risk level is. So, traders should trade so cautiously.
Be productive
in
General
Apr 07, 2022 at 04:53
In the language of marketing, every trader is a product as long as he has productivity. Until he is a product, he cannot be successful from trading. So, traders should turn them to products by learning more and more about trading.
Trading success
in
General
Mar 30, 2022 at 09:49
Trading success is like a mirage to many traders and success is a sweat of hard work to others who have already become successful. Behind success, there are many factors that work like a person should have all the accepted qualities as well as trading efficiency and market analysis.
How to start forex trading? Read These Best Tips!
in
General
Mar 30, 2022 at 09:43
A trader should start trading with basic development. Firstly, he should earn knowledge and get introduced to all market aspects. He should earn knowledge over how to use indicators to produce signals over the market. He should learn how to catch the market trend because it helps him forecast the market.
Newcomers and demo trading
in
General
Mar 29, 2022 at 04:56
Newcomers are unknown of the trading platform and and tooling. So, if they use demo trading account, they can get introduced to all the tooling and the operations of the platform. They don’t know how to analyze the market and how to derive signals from it. They can learn so by trading in demo account.
Is trading hard?
in
General
Mar 29, 2022 at 04:47
Trading is hard for those who are not familiar with the nature of the market. They don’t have the right approach of trading, a better strategy. For those who are suffering this issue should not frustrate rather they should keep practicing to develop themselves. Talk to professional traders, if possible, to develop trading.
Very tough business.
in
General
Mar 26, 2022 at 05:36
Forex is an uncertain market but is not tough to the skilled person. That’s why it is always recommended to increase trading skill where traders are found very much averse. On the other hand, extended return inspires traders to trade more and more. I can surely say skill won’t cause you frustrate.
What do you learned while trading?
in
General
Mar 26, 2022 at 05:29
Every mistake provides a lesson to learn. But we see among traders the tendency of overtrading and revenge trading, which destroy traders. One should try to recover from losses but it should not be done by retaliation. So, say NO to retaliation and say YES to earning knowledge.
There is a proverb that practice
in
General
Mar 23, 2022 at 04:28
There is no alternative to practicing because this is the only way a trader can develop through. But, unfortunately we see traders out of the tendency to practicing. This is the reason that lags them behind. They should not depend on indicators’ signals because these signals go wrong maximum of the time.
Is trading hard?
in
General
Mar 23, 2022 at 04:16
Trading is hard when the market remains out of its general behavior. This is how the market frequently behaves. Under this circumstance, a trader should trade very carefully to avoid losses. Controlling greed is the toughest job in trading that maximum traders can control in the end of the day.
Is trading hard?
in
General
Mar 22, 2022 at 11:26
That’s true, there is nothing like easy way of money making in Forex! More than 95% traders are unable to earn consistent money here! So, new traders need to focus on their learning process so keenly! Even, pro traders are unable to make more 80% success ratio!
Forex is not like gambling
in
General
Mar 22, 2022 at 11:21
To be honest, Money Management is very much important! There is no way to make quick money in Forex! On the other hand, which traders try make quick money here, end of the day they lose their full capital!
Does forex strategies usually work>
in
General
Mar 22, 2022 at 11:19
True, there is no way to copy/paste others trading strategy or system! We need to build our own trading style manually! On the other hand, only indicator based strategies are meaningless according to my own experience!
There is a proverb that practice
in
General
Mar 19, 2022 at 04:44
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
How much should you invest in trading
in
General
Mar 19, 2022 at 04:35
If a trader doesn’t have sufficient trading skill, then 100 dollars is even dangerous for him. For experienced traders, large amount of capital helps in earning more but he should know how to handle risk and money management. He should develop his own techniques of trading for his sake.
Loss
in
General
Mar 06, 2022 at 04:39
You have think loss to be your companion if you are a Forex trader. However, loss will help you learn and make you a perfect trader in the end. You have to make sure loss doesn’t divert your concentration from trading. You should try to get out of loss as much as possible. But you can’t fully avoid losses because it is a part of trading.
There is a proverb that practice
in
General
Mar 06, 2022 at 04:30
Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
There is a proverb that practice
in
General
Mar 05, 2022 at 04:52
Forex doesn’t only require human effort; it also requires some human qualities, including patience. As long as you don’t have patience, you can’t be a good trader. So, develop your patience even before igniting your trading skill. The reason is that your skill will be of no use until you have patience.
Indicators are useful but
in
General
Mar 05, 2022 at 04:43
Indicators are those software tools that help a trader by indicating or providing a market forecast. They are used in technical analysis and used as a backup in fundamental analysis. Personally, I prefer using indicators like RSI, moving average, bolinger bands, stockistics. These indicators perform well on average.
Strategy-based trading
in
General
Mar 04, 2022 at 05:01
Generally a strategy is a set of indicators that provide traders with a cogent market forecast according to which a trader opens trade. If traders want to make profit consistently, they have to run strategy-based trading where they are high averse. Strategy varies from trader to trader.
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