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traderjakelong
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Posts by
traderjakelong
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Forex Trading Psychology: Levels of FEAR
in
Experienced Traders
Jan 10, 2022 at 04:25
It’s common to be afraid of losing. But it shouldn’t keep you from taking risks that could be profitable for you. You need to take calculated risks that don’t involve emotions and that can be done only when you have some market experience.
Those who can't learn will be eliminated by the market
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Experienced Traders
Jan 07, 2022 at 04:10
Learning is not important because it tells what to do in the market, but also lets you know what you should stay away from. Because it’s not just about making money but also protecting your money for a longer trading career.
Loss
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General
Jan 05, 2022 at 03:53
Traders should learn from their losses in order to become successful in the future. This experience allows them to learn from their mistakes and improve their strategy.
The fear of losing opportunity
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General
Jan 04, 2022 at 04:42
With caution and research, Forex trading can be a lucrative pursuit. Traders must be aware of the many risks associated with trading currencies, including the potential to lose large sums of money.
Tips To Being A Successful Trader
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New Traders
Jan 03, 2022 at 11:56
Learning is the best tip to being a successful trader. Newly developed strategies and theories come out every second, so staying up to date with market news is essential. A great way to improve skills and gain experience is by trading on a demo account. Demo accounts offer the same features as a live account but with virtual money. This way, traders can experiment with new strategies without risking any real money.
By trading we can make
in
General
Jan 03, 2022 at 05:51
Education is a must for Forex trading. If you want to succeed in this field, you must have some basic knowledge about Forex. You can get education from Forex courses or from some other books also. You can increase your knowledge by reading these books and exploring some educational resources. Time spent on education is never wasted. So, every professional must have knowledge about Forex.
how to become a forex market conqueror
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General
Dec 23, 2021 at 04:22
It's important to understand the basics of Forex trading before you start to invest your money. To become a conqueror of the Forex market, you must learn how to read charts and understand the trends. You should also familiarize yourself with the different types of orders. It will give you a better insight into the forex trading process.
MT4 or MT5
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General
Dec 21, 2021 at 07:36
I have always had a good experience with mt4 brokers so I would rate mt4 over mt5 any day.
Basic mistake we make
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General
Dec 20, 2021 at 05:55
Plan and strategy are two very important factors when it comes to forex trading. These are simple words, but they require a lot of knowledge and thought before action can be taken. Many people jump right into the market without a plan or a strategy, hoping to "strike it rich." This almost always leads to failure.
Spreads
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General
Dec 17, 2021 at 04:25
Beginners find spreads to be one of the most confusing concepts when learning about forex trading. A spread is a difference between the buy and sell prices of a currency pair. For example, on a buy order of EUR/USD at 1.1050, the asking price is 1.1052, and the bid price is 1.1048. The difference between the two prices is the spread - in this case, 4 pips (or .04).
Most people fail because
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General
Dec 13, 2021 at 05:22
Traders should learn from their mistakes and failures. As long as you have a positive attitude and are constantly learning, you will be successful in the long run.
Luck or Hard Work?
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New Traders
Dec 13, 2021 at 05:14
Luck and hard work are both necessary in order to be successful in forex trading. While some people may believe that luck is the only thing needed, this is not the case. Trading forex successfully requires a great deal of hard work in order to learn the ropes and understand the market.
Importance of demo trading
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New Traders
Dec 10, 2021 at 05:54
Trading with a demo account is a smart way to learn the Forex market. A demo account is a great way to get started without having to risk money. A demo account does not require you to deposit any funds, and this allows you to get a feel for how the forex market works.
Part time trading
in
General
Dec 09, 2021 at 06:22
You can trade forex part-time. It will take some time to learn how to trade forex profitably, but it is well worth the effort. You can use a demo account to practice trading with virtual money until you are comfortable with the process. This will help you to avoid costly mistakes when you start trading with your own money.
When a trader is a newbie
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General
Dec 09, 2021 at 06:15
Beginners should start by demo trading. This is where you trade with virtual money to get a feel for the market without risking any of your own funds. You can find demo trading accounts at your broker's website.
GOLD!!!
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New Traders
Dec 08, 2021 at 07:44
XAUUSD is a very volatile pair and moves a lot on global news and events. Always use proper money management and try to stay in the trend.
In trading everyone should have some rules
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General
Dec 07, 2021 at 05:46
Rules can be the difference between being successful at forex trading or not. Without rules, traders can quickly find themselves making poor decisions, which can lead to losses.
How long it takes to learn
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General
Dec 06, 2021 at 06:51
You cannot measure time for learning. It depends on the trader and his personality.
having a losses
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General
Dec 06, 2021 at 06:43
A good trading plan can recover some of the losses from bad trades, but if you keep making bad trading decisions, then you will eventually lose all your money. A good Forex trader does not have many losing trades, and when they do lose, they just accept it as a cost of doing business. A trading plan can help you avoid having too many losing trades.
Is forex trading really worth it?
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General
Dec 03, 2021 at 06:11
If you do forex trading in the right way, it can be a very profitable activity. However, like with any other form of trading, there is always some element of risk involved. So, it's good to have a sound knowledge of the forex market before you start trading with real money.
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