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teadragon1
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Posts by
teadragon1
a good trading strategy
in
New Traders
Jul 27, 2021 at 11:17
A good strategy is one that works LONG TERM. Any strategy will work in a trending market but only the best strategy will work in all market conditions
Overconfident
in
New Traders
Jul 27, 2021 at 11:16
One needs a trading plan to stop over confidence. Reading that and sticking to it will stop over trading
Why are forex traders interest rates so important?
in
New Traders
Jul 27, 2021 at 11:15
it is important to remember that it is the PREDICTION of interest rate changes that drives FX price changes. This is why all the other economic data moves the markets - it provides an early indication of how interest rates may change. So when rates actually change there may be only be a small change in price because the change is priced in
You don't need to be
in
General
Jul 12, 2021 at 12:23
RR is no everything but it is important. But be careful not to go too extreme. An RR of 1:10 may sound great but will the price ever reach such a large target
Famous Traders and Investors, what to think of them
in
General
Jul 12, 2021 at 12:22
I am more impressed with the self taught home trader making a steady income than the rich kid who works at a bank and then makes a name for himself through a few lucky trades
profits in forex trading
in
General
Jul 12, 2021 at 12:21
With experience and time the profits will eventually come. Too much focus on profit immediately will just result in over trading
Is forex is best source of income?
in
New Traders
Jun 17, 2021 at 10:21
Forex is great way of making money if you can make it work. If not, you will lose everything. So it is very high risk - high reward
Max allowed investment
in
New Traders
Jun 17, 2021 at 10:20
$0 - If you are using Forex Fury. Best to stay away or at least use a demo first
Trade Around the Clock
in
New Traders
Jun 17, 2021 at 10:19
It is open 24 hours but best trading is in European and US sessions so Asian traders still have a rough time
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