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marcusobrien
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The beauty of forex trading
in
General
Oct 11, 2021 at 06:25
The beauty of forex trading is in its wide scope of opportunities. You can get to enjoy high liquidity, flexible trading hours and if you know how to consider macroeconomics of the country, you can make some really profitable trade decisions. On the top of that, you can be your own master and work for yourself.
Forex Tips
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New Traders
Sep 23, 2021 at 06:20
Absolutely, and I would like to add one more point to it , avoid revenge trading at all costs, instead adopt sound strategies and trading plans.
Swing Trading vs Day Trading
in
New Traders
Sep 22, 2021 at 11:10
@Williamfreed but that one strategy doesn't work in all market conditions. My plan stays very simple. When the market is fluctuating a lot i adopt scalping strategy as it allows me to gain enough pips with regular ins and outs, ...
Dogecoin
in
Crypto
Sep 22, 2021 at 07:48
An era of shitcoins coming to the market for just pump and dump by the rich and influential people.
Crypto death
in
Crypto
Sep 22, 2021 at 06:19
I have been trading in crypto for a while now and I think its volatility is what makes it special . But with such regular crashes it also brings a lot of doubts in the minds of the people , whether it is really a good deal to risk their money.
Making money is a habit
in
General
Sep 21, 2021 at 05:43
Making money in the market requires a lot of patience and dedication. Without optimum knowledge, one can’t even survive 3 months in the market.
Scalping is good
in
General
Sep 20, 2021 at 10:19
@SteveHanks indeed, without discipline and commitment traders can never execute successful trades. Many young traders lose their path in forex trading because they are in a rush to make quick bucks all the time.
Common mistakes
in
General
Sep 20, 2021 at 10:08
@pathsofglory it's high time people should start taking forex trading as a serious business. Especially the new ones , they should follow the principles of trading and be very disciplined in every course of action.
Common mistakes
in
General
Sep 20, 2021 at 10:03
@BrokerChoice Thank you and i feel every trader should understand the complexity of the market, and not treat it as a childs play
Scalping is good
in
General
Sep 20, 2021 at 10:00
I am with you on this , I have always felt that scalping should be left with experienced traders (who can make better predictions) and new traders should always begin with a swing trading strategy , which would teach them patience.
Over-trading is a very harmful
in
General
Sep 20, 2021 at 09:56
@Akasuki What i think is that overtrading is caused when the traders have no control over their emotions . Especially when their trade goes wrong and they suffer a loss . A trader should know how to control their emotions in such situations and not let it take control over their decisions
Many traders think stop loss
in
General
Sep 20, 2021 at 08:18
@Karlos Fandango Stop loss is used to minimize your losses , there is no way a trader cannot like stop loss as it saves their money, especially during a market crash.
Best Platform
in
New Traders
Sep 20, 2021 at 06:41
As a personal point of view I think MT5 is a much better platform than MT4. Although I am not saying MT4 is no good, but it has got outdated , the added features like the fund transfers between accounts and multithread strategy tester offered by MT5 are very helpful.
Profit target?
in
General
Sep 18, 2021 at 08:27
@BookZerp people with smaller deposits can always go for leverage and make a good money out of it.I have come across many traders who had limited money but through leverage they were able to increase their portfolio’s value . Yes there is doubt that using high leverage in forex is very risky but the rewards are also huge.
For trading discipline is a must
in
General
Sep 18, 2021 at 05:26
Discipline is must for every trader to follow trading plans efficiently, without which there are less chances of making profits.
Scalping is good
in
General
Sep 17, 2021 at 12:18
Every trading strategy has its own weakness and strength. When it comes to scalping, it is good only if you are quick at your feet in terms of making trading decisions.
Over-trading is a very harmful
in
General
Sep 17, 2021 at 11:03
Overtrading can be very problematic. It’s mostly because as you overtrade, you would stress more and this would only lead to wrong trading decisions.
There is no way to take revenge
in
General
Sep 17, 2021 at 07:32
Revenge trading is the worst thing a trader can do to himself. Trying to overcome the losses through aggressive trading can only lead to further losses.
Common mistakes
in
General
Sep 13, 2021 at 06:20
@Unellene Finally someone said it and you are absolutely right . Many newbies step into forex thinking it's a money making machine and every trade is going to make them a millionaire which is a solid dream that never comes true. I know how tough it is to make even a dollar in forex. Forex isn't a one day job, it requires a lot of dedication and commitment, which many fail to understand.
Consistency is the brick
in
General
Sep 10, 2021 at 07:12
I think more than consistency discipline is important for a trader and trust me when I say without discipline there is no consistency. A trader needs to be very thorough with his market knowledge and should know how to change his strategies as per market condition.
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