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Caricology
WHY I HAVE A ''LOSS'' PLAN
in
General
Jan 06, 2023 at 09:31
It is hard to accept losses. So, it is crucial to be prepared for them, and one must take them as learning lessons, so they can improve their future trades.
Forex Courses
in
New Traders
Nov 10, 2022 at 09:41
Imo, trading courses can help in understanding the concept of trading but can not make you a professional trader. So, it is important to practise to trade on your own on the demo account. One can not learn forex unless he/she develops relevant skills.
The dark side of forex markets
in
New Traders
Nov 10, 2022 at 09:41
The highly volatile nature and difficulty in depicting the market movement is the dark side of the forex market. However, with proper understanding and good trading skills traders can take advantage of the volatility to make profits.
Newcomers and their greediness
in
New Traders
Oct 31, 2022 at 06:30
I agree. Greed is likely to be the most difficult obstacle to overcome if you want to be a successful trader. In financial market, becoming greedy is fairly frequent, since all traders go through this stage. The more you prioritise money over protocols and consistency, the faster you will lose your trading account. Over-trading will always lead to failure, therefore never trade in the market for the sake of generating money quickly. Be a beginner or an experienced trader, everyone should keep themselves away from greed while trading.
Greetings to all
in
New Traders
Sep 05, 2022 at 06:52
Hey, how are y'all doing? Happy to join here and meet fellow traders. Would like to hear more from you.
Why are some traders successful?
in
General
Sep 01, 2022 at 10:06
Every trader is different and has their own unique approach that works for them. However, there are some common traits that successful traders tend to share, such as discipline, a willingness to take risks, and a focus on long-term goals. Of course, there's no guarantee that you'll be successful just because you have these traits, but they definitely give you a better chance of success than if you didn't have them!
5 Things I have learned in 5 years of trading!
in
General
Sep 01, 2022 at 10:05
Here are my five lessons!1. The markets are always changing2. You need to keep learning3. A good trading plan is essential4. You need to be disciplined5. You need to manage your risk
Successful Traders Mindsets
in
General
Aug 31, 2022 at 11:10
Successful traders have strong minds that have seen both ups and downs of the market and won’t take a chance just because they want to. They will analyse the market well and build their strategies accordingly. They stick to their plan and don’t let distractions take over their decision-making power.
What makes one a Professional Trader?
in
General
Aug 30, 2022 at 10:48
A professional trader is not a new trader you see in the market getting desperate to make profits. He is someone who has been in the market for years and knows that hard work will get him results and not unrealistic expectations.
What is the trading psychology for you?
in
General
Aug 30, 2022 at 10:48
Learning lessons would be easy only if you are ready to fill your mind with knowledge other than the thoughts of making money. Don’t set unrealistic trading expectations until you know what forex trading is and the risks involved with it.
Demo Trading Advantages
in
General
Aug 29, 2022 at 09:27
Demo trade only until you are learning something new every day. If you feel that you have already learnt a lot about the market and there is nothing that you will learn, you better move to live trading with a small account.
Forex market offers great opportunity
in
General
Aug 29, 2022 at 09:26
Yes, forex offers many great trading opportunities. It is important that the trader is patient enough to identify the right trading opportunity and make the right trade.
Leverage is useful or not ?
in
General
Aug 29, 2022 at 09:26
True! Leverage can be a total disaster if the trader does not know what he is doing.
Money Management Tips
in
General
Aug 26, 2022 at 11:08
Successful traders are good money managers. They know how to manage their funds and invest it wisely in trades. You can start with dividing your funds into trades based on the probability of the trade. Doing this will ensure that even if you lose one trade you can still make profit from the other.
Luck is important
in
General
Aug 26, 2022 at 11:08
I think luck compounds for only 2% success, the rest 98% of success is hard work. Luck can let you win once or twice. But a hard world allows you to win in the long term.
Is trading hard?
in
General
Aug 24, 2022 at 10:48
Truth to be told! Yes, forex trading is hard because it is a dynamic market that is highly unpredictable. There are no shortcuts or fixed strategies to become successful. However, it is not impossible. You need to be consistent with learning and understanding the ways of the market. It is hard, yet with consistent learning, it is possible to become a profitable trader.
Free sources of professional Forex education
in
General
Aug 24, 2022 at 10:48
There is plenty of free information out there. One of the best ways to start trading is joining babypips.com. It’s a forex forum with a free forex trading course and a community of professional traders to interact with. You can refer to Youtube channels as well. No nonsense forex, Rayner Teo, and Karen Foo are some of the great channels for traders who are starting out.
Is it better to invest or save money?
in
General
Aug 24, 2022 at 10:47
Both have their pros and cons and have their importance. If you invest regularly and with the right tactic, you can grow your balance. On the other hand, saving your funds will not grow them. So, everyone should invest. But saving is also important because life is unpredictable. Hence, before investing, save some money for your personal needs.
There is no short cut
in
General
Aug 23, 2022 at 10:02
Correct! When it comes to financial markets, you can’t expect to make money instantly. There is no shortcut. You have to be consistent with investment and learning. If you stop either, you can’t grow.
Basic mistake we make
in
General
Aug 19, 2022 at 12:05
It’s true that every new trader here is to make money by hook or crook. They realise the hardships of a trader only after they spend some time in the market. But that’s absolutely fine because what matters in the end is that you have learnt and got better.
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