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UweMoench
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Forex trading is for expert people
in
General
Oct 25, 2020 at 12:59
Forex trading is for expert people. It requires specific knowledge and skills. Without learning that you can not have consistent profit in forex trading. An expert trader knows when to open or close a position and how to manage risk. He also chooses his broker wisely.
Stop loss is a part of risk management
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General
Oct 25, 2020 at 12:52
Stop loss is a part of risk management. To protect your account from great loss, you need to use stop loss. But to use stop loss effectively is the key. Many traders don't know how to use it. I suggest them to study more.
When to stop.
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General
Oct 24, 2020 at 11:39
Money management is the key for trading success. Stop loss is also important if you do not able to predict the for long term. But the placement of stop loss is very crucial. You need to have good idea about support and resistance level to place an effective SL.
Trend Trading.
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General
Oct 24, 2020 at 11:35
Trading in the trending market is very profitable. Once you pick the trend you are good to go. But the problem is any pair doesn't trend all the time. A good amount of time price remains in range bound. That's why we need to be expert in both kind of markets.
Is stock trading and forex trading different?
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General
Oct 23, 2020 at 11:26
@JessicaBaker there is difference between forex trading and stock market trading. Forex pairs price movement happen due to those countries economic factors, on the other hand price of a company's share depends on that company performance.
No alternative to learning
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General
Oct 21, 2020 at 13:03
Knowledge and skills is required to get success in trading. And to get knowledge and skills we need to study and research. There is no alternative to it. In the beginning everyone should focus on learning rather than earning.
Money Management Tips
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General
Oct 21, 2020 at 13:01
Money management is the most vital thing after analysis. If we do not manage our money properly we are going to lose everything soon . Most people do not bother about risk management and money management. They play blind.
using leverage
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General
Oct 20, 2020 at 05:55
Money management is an integral part of forex trading. If anyone is not having any money management policy, he/she is never gonna be a good trader ever. You need to follow some good and realistic money management system.
Fact or Fiction?
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General
Oct 20, 2020 at 05:51
You need to check if it is fully verified. I don't know whether it can be fake or not. But there must be some reasons for long verification process. To be sure before you take any decisions.
Help me learn technical analysis
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General
Oct 20, 2020 at 05:50
@78678676 Before doing CMT course learn the basics of technical analysis. You can study different books on technical analysis. Buy you can read Japanese Candlestick Charting Techniques" by Steve Nison.
Newcomers and demo trading
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General
Oct 20, 2020 at 04:21
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
What are good stats in Forex
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General
Oct 19, 2020 at 06:26
As long as you are making consistent profit, nothing wrong in your trading system. What works for you may not work for and vice versa. Just try to discipline in your trading. And keep a realistic profit goals.
Choosing a new broker
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General
Oct 19, 2020 at 06:22
First your broker needs to be regulated and licensed. Instant execution of trades is very important as well. If your broker requotes a lot you need to switch it. Also you should looks spreads and deposit and withdrawal facilities.
Money Management Systems.
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General
Oct 18, 2020 at 13:41
Money management is very important for trading. Don't risk more than 2% in a trade. Also I prefer not to open multiple trades at a time. If you open two trades at a time it would be 4% which is not good. Survival in the market is the first skill we should achieve.
Learning is a nonstop procedure
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General
Oct 18, 2020 at 13:36
Yes you are absolutely right. Learning never stops. If we stop learning, our progress will stop. It's a never ending process. Learning could be by studying or by experience but it should continue.
Most traders don't get success
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General
Oct 16, 2020 at 12:57
Truly most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.
Trading time is very important
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General
Oct 16, 2020 at 12:55
Trading time is very important. Though the market remains open for 24 hours, all the time it doesn't behave the same. Sometimes it remains calm and sometimes it becomes volatile like in New York session. Your strategy will tell you which time best for you. For me I trade mostly in New York session.
Demo can not make you well experienced
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General
Oct 14, 2020 at 13:29
@ethan_65 It only gives you the scope to test your strategy. In demo we can find how our strategy is work. We can find risk reward ratio and winning percentage. But the real mental battle starts in live trading.
Investing in Forex
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General
Oct 14, 2020 at 13:23
@AliaDare we know knowledge and skills of our own to get profitable. A good broker can provide support but making profit is our own job. We need to have knowledge and skills of trading and a good control of our mind.
Stop loss is a killer if
in
General
Oct 11, 2020 at 14:24
Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.
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