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Posts by
ceceliagreerr
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How to select the Best Currency Pair for Investment?
in
New Traders
Mar 01, 2022 at 06:50
If you are planning to select a currency pair for trading in the forex market, I’d suggest you go for a liquid pair as they are combinations of two large economies and offer stability to a certain extent as well as are liquid and facilitate lower spreads in comparison to the illiquid pairs. Some of the heavily traded currency pairs are USD/EUR, JPY/USD, AUD/USD, GBP/USD etc.
Have a plan and stick to it
in
New Traders
Feb 28, 2022 at 08:00
Yes, it is imperative to have a set trading plan if you aim to survive long in this field. Setting a trading plan helps in offering a vision that helps in maintaining consistency during highs and lows of this journey. Also, it leads to decisions that are backed by rationale and well-researched strategies.
Don’t Let Your Emotions Dictate Your Forex Trading
in
New Traders
Feb 28, 2022 at 07:50
Yes, trading decisions in this highly volatile and liquid market should not be driven by emotions like greed or fear, but should rather be made after carefully analysing the dominant price trends in the market.
Which pairs are your least favorite to trade? And why?
in
New Traders
Feb 25, 2022 at 04:20
My least favourite pair to trade in the forex market is CAD/JPY as it is not liquid at all and offers wider spreads.
Emotion in Forex trading
in
General
Feb 24, 2022 at 06:01
Emotions and trading don’t mix well, so it is better if a trader keeps all kinds of emotions out of his/her mind while trading. Traders don’t need emotions, but smart trading strategies to win trades, which come from knowledge and practice.
Trading in lower timeframes
in
General
Feb 24, 2022 at 05:45
I prefer longer time frames, as they offer more reliable signals. I tried to follow shorter time frames, but I couldn’t find them reliable, as they were polluted with false moves and noise. To define a primary trend of my trade, I think long time frames work the best.
Newbie problem
in
New Traders
Feb 23, 2022 at 04:25
Your trading skills and psychology matter equally when it comes to trading forex. As a newbie, try to learn from your losses and don’t take them to heart. It’s a game where one would win and another would lose.
Is forex is best source of income?
in
New Traders
Feb 22, 2022 at 05:03
Forex trading becomes a good source of income after you gain some experience and expertise in the market. Before that, your career would be full of hits and misses.
scalping easy ?
in
New Traders
Feb 21, 2022 at 05:00
Yes, Scalping can be extremely helpful in generating profits and can put the traders in and out of trading positions easily. A great choice, positions in scalping are held for a very short span which enables lower chances of reversals and aids in accumulating profits from small trades.
money manage and leverage
in
New Traders
Feb 21, 2022 at 04:50
Leverage, often labelled as a double-edged sword, can often turn into a disaster for traders who fail to use it with proper money and risk management strategies. An overused leverage and a mismanaged account often leads to margin calls from forex brokers leading to a disruption in activities as well as liquidation of all trades in extreme situations.
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