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kroxobor
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kroxobor
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Many traders think stop loss
in
General
Dec 10, 2021 at 07:20
Placing a stop loss at the right position is very important. I usually prefer to set a stop loss at the support levels and if the markets are moving aggressively, I set a reasonably tight stop loss. And if there isn't much movement then my stop loss is a few more pips wider.
Some of the traders who fail
in
General
Dec 10, 2021 at 07:11
@skihav yes I agree that traders make mistakes while trading and I find it completely ok, but not learning from the mistakes. The traders who fail generally do not learn from their mistakes.
When a trader is a newbie
in
General
Dec 09, 2021 at 06:12
It is very important for a newcomer to at least know the basic aspects of trading. So that when he trades he does not not make random guesses, but has a logical reasoning about everything.
The beauty of forex trading
in
General
Dec 08, 2021 at 08:10
Not working under anyone and still being able to earn more than other professions is the real beauty. However, this freedom comes after years of labour.
Becoming a Forex Expert requires
in
General
Dec 08, 2021 at 08:05
To reach the excellence of an expert, one needs to completely immerse in learning and practicing. It requires traders to remain abreast with the latest news and technology. A trader should be willing to continuously improve and expose himself to constant learning.
Reasons why you should NOT trade cryptocurrencies
in
Crypto
Dec 06, 2021 at 07:11
The only reason people shouldn’t trade cryptocurrencies is if they don’t understand the market or are not willing to learn about it. Crypto trading is profitable and it’s a worthy addition to your portfolio if you are looking to diversify it.
Crypto death
in
Crypto
Dec 03, 2021 at 06:57
I don’t think crypto will ever die. Although we can expect some changes in the whole process of how it operates. Given its volatile nature, it’s natural for the crypto market to fall sometimes but as quickly as it drops, it climbs back just as rapidly.
naked trading
in
Experienced Traders
Dec 03, 2021 at 06:46
Indicators are a useful tool and can aid your decision making if you are a beginner, but as you move forward and gain experience you’ll eventually realise that depending on too many indicators can actually make your trading complex. I’ve started keeping my charts clean and I do install only 3 or 4 indicators at max on my charts.
When to stop.
in
General
Dec 03, 2021 at 06:29
Many traders set a wide stop loss. They don’t realise that it doesn’t matter how much profit you want to take from a trade. Market doesn’t work according to anyone. A stop loss should be placed at a position after carefully analysing past trends and if there is any news that can push the price higher, then you should consider that too before making a final decision.
Stop Loss Importance
in
General
Dec 02, 2021 at 06:35
A stop loss limits a trader from suffering undesirable loss, everytime market moves against him. An additional benefit of using a stop loss is that it frees a trader from any emotional influence. Market can take a quick turn before you could make any decision about whether you want to hold the position or sell.
Profit targeting
in
General
Dec 01, 2021 at 06:51
Setting a profit target is important to restrict yourself from over trading. It psychologically sets a limit. Everytime I reach my profit target it reminds me that I’ve reached my goal and I should now focus on protecting my profits instead of losing it by opening unnecessary positions.
Most traders don't get success
in
General
Dec 01, 2021 at 06:44
Most traders don’t get success because they refuse to accept their mistakes.For many traders, admitting that they were wrong and had taken dangerous decisions is a big thing. They often put out tens of excuses that markets have faked them out or the signal was wrong or the speed was lagging and keep losing money. To move forward one needs to own their mistakes and take responsibility. It is neither good to avoid your mistakes nor to cling to them.
New traders should be content
in
General
Nov 30, 2021 at 07:08
I don’t understand how OP’s advice of creating two accounts and using one account as gambling account is useful for new traders. Even if you are doing your best on the first account, it still doesn’t guarantee profits. By opening a second account at the same time to satisfy your urges, you are doubling your potential to lose money. Even if the accounts are different, money is coming from the same source: your bank account.
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