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Start Trading as newbie
in
Galvenais
Jul 15 at 07:23
YouTube is fantastic, free resource for all. While starting out can be tough, good brokers like IG and Fxview offer great educational content, including webinars, blogs, and videos to help beginners. I used Fxview when I was a newbie, and it was helpful.
Free MQL5 Programming for Your Trading Strategies!
in
Programmēšana
Jul 15 at 07:06
Hi, One strategy I frequently use is two moving averages (one fast, one slow). Buy when the fast MA crosses above the slow MA, and sell when it crosses below. This helps spot trends and make good trades. What do you think?
I am new to Forex and I am about to start my first trades.
in
Pieredzējuši treideri
Jul 15 at 06:40
Hey! Welcome to Forex Trading! A couple of quick tips:1.Start small to get a feel for things without risking too much.2.Keep learning and adapting; mistakes are your best teachers.Happy trading, and if you need any help, just ask!
Demo can not make you well experienced
in
Galvenais
Oct 21, 2022 at 11:11
In my view demo account make you well experience wot your own strategies.
What market is more chaotic: forex or stocks?
in
Galvenais
Sep 19, 2022 at 11:04
Yes, even I strongly agree to this fact! Due to the volatility the forex market is more chaotic.
I'm new to Forex trading and looking for some advice
in
Jauni treideri
Sep 19, 2022 at 10:59
Well, talking about leverage I would say that a newbie must always go for a lower leverage as high leverage involves high risk.
Expert Advisor...good for beginners?
in
Jauni treideri
Sep 19, 2022 at 10:54
Yes, I agree over this even though high risks means high profits,but in forex one should have solid knowledge regarding the strategies he is going to follow as the market is volatile and can lead to huge losses if not implemented properly.
How much should you invest in trading
in
Galvenais
Sep 03, 2022 at 09:12
IMO, one should always start with small amount. Many people believe that if they had a large amount of capital, they would be able to attain huge profits. But he reality is that you will lose every penny if you lack the necessary knowledge and expertise regardless of the amount of money you invest.
The worst trading advice you can get
in
Galvenais
Sep 03, 2022 at 08:58
I was advised to switch to live account from demo after a month, which I think is a very less time to understand the forex market.
DO you get scared over drawdowns?
in
Galvenais
Sep 03, 2022 at 08:54
Agreed! Demo trading is very important to know the forex market well in order to sustain in the market for a longer period.
What makes one a Professional Trader?
in
Galvenais
Sep 02, 2022 at 05:09
IMO, professional trader is one who knows how to keep their emotions under control and knows which strategy suits best for them to succeed in forex.
Can you borrow money from the bank to trade forex?
in
Galvenais
Sep 02, 2022 at 05:06
It's preferable to utilise only your money to trade because there are many risks involved and no assurance that you will make money from it any time soon. Wait till you have your own money to trade. Trading involves twice as much stress when using borrowed money.
Is it better to invest or save money?
in
Galvenais
Sep 02, 2022 at 05:01
It depends on person to person, I personally prefer investing money!
Psychology
in
Galvenais
Aug 04, 2022 at 07:43
True and to add on I would say that keeping a check on your mental health is very important if you want to survive in forex market.
The fear of losing opportunity
in
Galvenais
Aug 04, 2022 at 07:38
Agreed and with this your trading journey will be affected badly so one should keep a check on his emotions before trading in forex market.
There is no short cut
in
Galvenais
May 07, 2022 at 05:44
Success in trading takes time and a lot of effort. It is unrealistic to expect to become successful in forex trading overnight. You must dedicate time to learning more about trading and must practise frequently.
What do you learned while trading?
in
Galvenais
May 07, 2022 at 05:43
Trading is a continuing learning experience in which you never stop learning. Every day brings a new challenge, and you must be prepared. The key to trading success is consistency. Only by remaining constant in the market,can you learn about the different aspects of forex trading. So, if you're trading in the forex market, keep practising and learning.
You need sound mind
in
Galvenais
May 02, 2022 at 11:55
Of course, in order to trade forex successfully, you must have a clear mind. I believe that while trading in forex, you must be focused, because if you lose your calm, you may incur losses.
Small investment
in
Galvenais
May 02, 2022 at 11:27
If you're a newbie, I would recommend starting your trading with small investments. As small investments can help you make money, the risk associated will be relatively low. It is difficult for a newcomer to understand the market, and the risk of losing money is very significant due to the market's volatility.
Most people become unrealistic
in
Galvenais
May 02, 2022 at 11:25
Some people trade forex in the hopes of becoming wealthy overnight. However, this is not the case. Because trading forex isn't easy, you must have a strong understanding of the market and should initially practise on a demo account to acquire useful skills.
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