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whitneytyler
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Posts by
whitneytyler
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Market fluctuations are an artificial phenomenon.
in
General
Jun 02, 2022 at 06:28
I don't believe they can be manipulated, yet market changes do occur. They are really lifelike and should not be mistaken for artificial. The market is always changing, and volatility is inevitable.
Ready made strategy doesn't
in
General
Jun 02, 2022 at 06:28
A ready-made strategy is another way of saying that you are too lazy to create your own strategy and would rather adopt someone else's, which is not a desirable attitude to have if you want to earn money trading. It is not definite that the strategy that worked for others will work for you. And also the strategy needs to be amended according to the change in the market as it might lose edge. Traders should develop their own trading strategy depending on their trading style.
0 spread low commission broker.
in
Experienced Traders
May 31, 2022 at 13:26
I’m fine as long as the spreads are narrow. As far as the commission goes, the lowest I’ve come across so far is on coinexx, $2/lot rt.
5 Things I have learned in 5 years of trading!
in
General
May 23, 2022 at 06:01
Very important and realistic information for every type of trader. Along with these, traders should believe in forex analysis and practise with patience.
Mind or Machine? What’s Better For Forex Trading?
in
General
May 17, 2022 at 05:54
Forex is a highly volatile market so we have to take instant decisions on some occasions. Hence, in this term, experienced minds are one step ahead of the machine.
Does forex strategies usually work>
in
General
May 16, 2022 at 05:08
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
Demo Trading Advantages
in
General
May 13, 2022 at 05:39
Demo account is the only place where you can test your strategy and you know about your weakness and plus points.Also, it helps to learn and understand how to use stop losses in unpredictable movements of the market.Demo practice is work as your mentor where you know about your mistakes and improve them for future profits.
What do you learned while trading?
in
General
May 13, 2022 at 05:37
I learned that forex trading is not for everyone. We all may expect to make money from it but not all of us are able to actually make money through it. It takes a lot of practice, patience, and skills to become successful.
Newcomers and demo trading
in
General
May 12, 2022 at 05:19
Demo trading is an important stepping stone in your forex trading career. It makes you well-versed with the market and the software that you will use. It helps you practice your strategies without worrying about losing your money. But it should not become a reason for your unrealistic expectations in the market. You have to take care of that.
Can forex trading make you rich ?
in
General
Apr 25, 2022 at 10:42
Yes, there is a possibility. But there are a lot of factors to consider, starting with your trading skills.
Forex is not scam
in
General
Apr 25, 2022 at 10:42
I would call forex trading a challenging task. It requires skills and years of practice to do it properly.
Broker
in
General
Apr 21, 2022 at 07:10
You’re right, one should choose a broker according to his/her trading style and requirements. Since you’ve mentioned scalping, I’ve shortlisted a few brokers (coinexx, eaglefx, justforex & lqdfx). Can you help me choose the best one from these?
Is trading hard?
in
General
Apr 11, 2022 at 06:09
Yes, forex trading is a challenging place to survive because it can be highly volatile and unpredictable. Here, both risk and reward walk together. If you are consistent and have a learning attitude, forex trading can be a very fulfilling career for you.
Emotion in Forex trading
in
General
Feb 28, 2022 at 04:22
Emotions are an important part of trading because they influence trading decisions. That’s why uncontrolled emotions are a big NO in trading. Traders can never eliminate emotions from trading, but they can learn to control them. To keep your emotions in check, develop a trading plan based on your needs and market knowledge.
How to start forex trading? Read These Best Tips!
in
General
Feb 23, 2022 at 03:58
All the points mentioned are worth considering when beginning to trade. However these points are just an overview of the underlying knowledge that needs to be with you for successful forex trading. Keep on learning more and more to have enough skills to be profitable while trading.
Very tough business.
in
General
Feb 21, 2022 at 05:16
Forex isn’t easy and traders only realise it when they enter the market. It looks easy when someone else does it and shows the profits to you. However, there goes lots of hardwork and losses behind those profits
money manage and leverage
in
New Traders
Feb 17, 2022 at 03:58
Leverage is one of the few things that attracts a number of traders to forex but it also holds the tendency to offer a bitter-sweet experience to traders. If not used carefully, leverage can deplete all your trading capital and leads to liquidation of trades. Therefore, it is important to follow solid money management rules while using leverage.
GOLDEN Rules of Profitable Trader's
in
Experienced Traders
Feb 16, 2022 at 05:34
Golden rules for traders to bear profits in trading are: treating trading like any other business, using technology and financial instruments to your advantage, developing methodology based on facts and trying to preserve the trading capital by using stop-loss or other risk management tools.
What makes one a Professional Trader?
in
General
Feb 04, 2022 at 05:44
Qualities like the following make a professional trader:Patience - Waiting for the right moment to enter or exit a tradeEmotion control - Controlling anger, fear and other emotions while making decisionsKnowledge - Being up to date with the latest available information and newsPractice - Trying every piece of knowledge in demo trading
Most people become unrealistic
in
General
Feb 04, 2022 at 05:34
It is human nature to expect big things from something they see a lot of people are getting a lot. People talk about the huge profits a trader makes without knowing the efforts put in by them in the past. The new traders need to understand that they cannot expect huge profits right from the start. It will take a lot of dedication and consistency to reach that level.
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