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Joz8
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Regulated broker vs. Unregulated broker
in
New Traders
Feb 05, 2021 at 11:56
Trading conditions are one thing, but what about security of funds? Don't you think regulated brokers are much better and safer option?
Brokers and true ECN brokers
in
New Traders
Feb 05, 2021 at 11:54
Indeed it is. Since how long are you into trading mate?
There are lot of traders who
in
General
Feb 04, 2021 at 07:23
If someone is solely replying on forex, he must be properly learned and skilled, coz without that gaining good money out of forex, can be a tricky task. Focus should be on mastering the working of the field first and then rely on it.
New Trader
in
General
Feb 04, 2021 at 07:21
That's a really important suggestion, I agree. The more lightly we take money management, the closer we take our account to being empty. Traders should understand the importance of managing money, managing risk and trade efficiently.
Unnecessary trade
in
General
Feb 04, 2021 at 07:18
Agreed, practice teaches a lot while we trade. It takes time and patience to become better here.
Books or Videos - Which one is better for learning?
in
New Traders
Feb 02, 2021 at 11:41
Well, you yourself have its answer mate. Nobody can tell you if you've learnt enough or not. If you think watching videos has given you sufficient knowledge, that you're now ready to trade and give a shot in this market, the go ahead. If not, you can go for reading and other learning ways. You got to decide that.
NEW TO TRADING
in
New Traders
Feb 02, 2021 at 11:39
The first step is to gain all possible knowledge, scroll through the research material relevant to your trading needs. Gaining here is almost impossible if a newbie has no theoretical knowledge or practical skill about platforms or markets, so gaining that is very important.
newcomers trading habit
in
New Traders
Feb 02, 2021 at 11:37
Any specific time for which one should demo trade? I think it varies from trader to trader, isn't it?
Patience is best tool to get success
in
New Traders
Feb 02, 2021 at 11:35
Yes! Both have equal weightage here. Somewhere, the right kind of balance between all the factors responsible for a trader's success, is the key.
Successful Trading Rules
in
New Traders
Feb 02, 2021 at 11:34
Agreed! Knowledge and skills go in vain, if not applied at the right time for the right purpose. Practice not only helps us to grow, but also develops our skills somewhere.
Anyone who trades more than 15 currency pairs at a time?
in
New Traders
Feb 02, 2021 at 11:32
Bro, 15+ is like way too much according to me. It better to stick to lower number of pairs, and give better attention to those rather than segregate it over so many pairs and fail. But yes, if you think you can manage it well, go ahead.
Beginner in forex
in
New Traders
Feb 02, 2021 at 11:31
What suggestions do you give to such traders? I mean how did you manage to pass that stage?
FX Trading Tips
in
New Traders
Feb 02, 2021 at 11:29
Totally! Staking your funds with brokers, who aren't even backed up with a good regulation, nothing worse than it
For trading you do not need
in
General
Feb 02, 2021 at 06:46
Agreed! IN forex, it is not about only the amount of time you give to this market, but the quality of work that you do in that time. Traders sit in front of screens for 7-8 hours daily, still their earnings are next to zero, because they don't do anything fruitful in that time. So instead of focusing on sitting for longer hours, it is better that one pays attention to what he's exactly doing, planning the tasks and taking care of the risk factor.
To shine in forex
in
General
Feb 02, 2021 at 06:44
To shine in forex, one must keep planning and practising. Those are two things which can take a trader long way here, obviously along with good risk management and a suitable broker to trade.
Purpose of demo trading
in
General
Feb 02, 2021 at 06:42
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
There is no easy way of learning
in
General
Feb 02, 2021 at 06:41
I agree on that, consistency part is the most difficult.
For trading discipline is a must
in
General
Feb 02, 2021 at 06:40
Trading done without a disciplined approach, would hardly bring any good profits to a trader. Its a must that we plan our trades well and trade with utmost discipline and organised way as much as possible.
Over trading is a bad habit
in
General
Feb 02, 2021 at 06:38
It definitely is. When I had just begun with trading, over- trading was one of the major issues that I had faced at that time, but yea with good regular practice and planning, one can fight it.
How long should I start to trade after studying?
in
New Traders
Jan 27, 2021 at 08:13
Agreed, the exact time always varies from trader to trader, as per their skills and knowledge.
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