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YellowWitty
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Time Management
新規トレーダー
の中
Nov 01, 2022 at 10:11
When trading, you have to keep track of time and make decisions at the right time. For instance, as a scalper, you need to have a good exit strategy. If you fail at this, you are losing a trade. So, not only is a good strategy an essential, but when you apply it is also equally important to make a successful trade.
Luck is important
一般
の中
Oct 31, 2022 at 11:19
I don’t think so because even luck runs out after 2-3 times. It’s your knowledge that decides the trajectory of your trading journey and success
Best currency pair for trading
新規トレーダー
の中
Oct 28, 2022 at 05:06
A good currency pair should have medium volatile, low spreads, and high liquidity. I trade with major pairs, such as EUR/USD, USD/JPY, or GBP/USD, as they meet this criteria.
When a trader is a newbie
一般
の中
Oct 28, 2022 at 05:05
As a newbie, I focused only on learning. The end goal is to make money, but it is not possible unless you are familiar with how the market functions. So, devote time to understanding the market and develop a trading system.
Does forex strategies usually work>
一般
の中
Oct 27, 2022 at 12:16
Yes. They do, if your trading strategy is good and has an edge. Always test your trading strategies on a demo account before you trade live.
Does emotion harm?
一般
の中
Oct 21, 2022 at 06:28
In trading, yes. You have to be decisive while trading and do not let emotions intervene with your judgement. But many traders get scared or lose confidence while trading. Hence, they lose. A good trader should rely on the data, planning, and analysis to avoid getting caught in making impulsive decisions.
Demo can not make you well experienced
一般
の中
Oct 21, 2022 at 06:27
That’s because live trading is a completely different experience for a trader. And when your real money is at risk, you also include your emotions in decision making, which has negative consequences. Demo trading is purely designed to help you build a tested strategy system.
Books or Videos - Which one is better for learning?
新規トレーダー
の中
Oct 20, 2022 at 09:30
Books take a lot of time to wrap up, and it is not easy to be consistent when you don’t have a good reading habit. So, I rely more on watching videos since they are more precise and accurate with technical implementations.
How much do you earn on forex investments? (Investors only)
新規トレーダー
の中
Oct 19, 2022 at 11:36
It depends on the market situation. Some weeks I make more, while some weeks I make less. My biggest week so far has been $800.
Forex Courses
新規トレーダー
の中
Oct 17, 2022 at 07:21
I don’t think it is worth it to pay for courses. They are only expensive, but nothing is valuable inside them. Better to stick with free content. I started trading with Babypips.com. You can explore that.
Luck or Hard Work?
新規トレーダー
の中
Oct 17, 2022 at 07:20
There is no place for luck in financial markets. Your knowledge is the only thing that will take you ahead. So, always chase for more knowledge.
Have a plan and stick to it
新規トレーダー
の中
Oct 14, 2022 at 10:21
Creating a trading plan is simple, but acting upon it isn't. So, make sure you hold on to your emotions and follow the plan properly to avoid risks.
Can I learn forex trading with a demo account?
新規トレーダー
の中
Oct 13, 2022 at 08:03
It can equip you with a workable trading strategy. But live accounts are different from demo accounts as your trading psychology kicks in when you start trading with real money. So, real trading is something you learn when you risk your actual capital.
Diffrence between real & demo trading
新規トレーダー
の中
Oct 07, 2022 at 05:44
A real account is one where you trade with actual money, while a demo account is a practice account funded with virtual money. It’s a good practice to trade on a demo account before trading live, as the former helps in building a tested trading system without any risk.
Is a demo account really neccassary?
新規トレーダー
の中
Oct 07, 2022 at 05:43
I spent 3-4 month on demo trading. Honestly, I got bored of it. So, I switched to live trading with a tiny capital. I blew up my accounts multiple times but the experience & learning was worth it. Do not cling too much on a demo account. If you have a strategy, you can begin live trading.
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