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My Forex experience
em
Geral
Sep 03, 2020 at 14:39
High leverage is essential for small investment. Otherwise your trade will be close out due to margin call. If you have big investment, I think 1:200 leverage is sufficient.
Trend Trading.
em
Geral
Aug 31, 2020 at 16:19
Good explanation. However, to find a good entry and exit point trader also have to determine the trend strength. Otherwise, while you are waiting for one, you are missing out on a highly profitable trend right in front of you.
Range Trading.
em
Geral
Aug 31, 2020 at 16:14
Asset or currency price sometimes fluctuate within specific limits, which are created by support and resistance level. It is called range market. Range traders use this opportunity to make profit.
Quit from trading ?
em
Geral
Aug 30, 2020 at 15:28
Right. Traders are joining and quitting the market every day. But few are come back. I think loss is the reality in every business. We have to accept the fact and continue trading.
Stop Loss
em
Geral
Aug 30, 2020 at 15:24
I usually set my SL according the support and resistance and TP according the risk reward ratio. However, I never take more than 2% risk in a single trade.
Is the rising Swap cost eating your trades for breakfast?
em
Geral
Aug 29, 2020 at 15:29
Thanks for the information. But I don’t like swap. So I use swap free account.
1% risk
em
Geral
Aug 29, 2020 at 15:26
I always 1-2% risk per trade depend on market condition. I set mt SL according to that. I set my TP based on 1:2 risk reward ratio.
What do forex brokers rely on to make money?
em
Geral
Aug 28, 2020 at 00:38
Broker’s authentic way to make money from spread and commission. However, scam broker steal traders fund.
Facebook currency libra
em
Geral
Aug 28, 2020 at 00:34
I think it will a major update of current payment system. However, most of regulator around the world are really concern about libra release.
How to recognize a Forex Scammer ?
em
Geral
Aug 25, 2020 at 22:49
Trader with regulated broker. Always check regulator website. Regulator regularly update scam broker list.
HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP
em
Geral
Aug 25, 2020 at 22:46
I have not given up trading although I blew my demo account couple of time and real account one time. However, I am still trading.
Loss
em
Geral
Aug 24, 2020 at 21:32
Thats true. Trader should always use minimum 1:2 risk reward ratio. If your wining trade less that losing, it still bring you the profit.
Emotional Trading
em
Geral
Aug 24, 2020 at 21:29
All human is emotional. But trader should not trade with emotion. However, when real money on the stack, trader cannot help but to trade with emotion. Emotional trading only brings disaster. Trader should trade with emotion as little as possible.
profit calculation?
em
Geral
Aug 22, 2020 at 16:20
I use 1:2 risk reward ratio. if my SL is 30 pips then my TP will be 60 pips. Some time I also use 1:3 risk reward ratio, it depend on market condition.
Very tough business.
em
Geral
Aug 21, 2020 at 17:28
You are right. Forex trading for the first time is always difficult, but with constant study and training, it will be easy. It can be difficult to understand FX, but once you understand FX, you can easily earn money by trading.
What type of trader you are?
em
Geral
Aug 21, 2020 at 17:22
I am a scalper. I usually target small profit with 10-30 pips using 5 minutes to 15 minutes time frames.
Trading Target
em
Geral
Aug 19, 2020 at 17:18
It depends on the strategy adopted and the unique goals set by the individual. In one strategy, some trades often target smaller profits like in scalping, while others seek larger profits in a longer time frame like in position trading.
Trading Lessons!
em
Geral
Aug 19, 2020 at 17:14
Forex trading is especially fast-paced and risky, so it is especially important to have a solid basic knowledge before trading with the money you earn. Understanding risk and FX risk management strategies, including Stop Loss, are also essential to long-term FX success.
Advices and Tips on Commodity Trading
em
Geral
Aug 18, 2020 at 16:35
Stay ahead of the market with news and economic calendar for dates of important data releases. Before entering the trade, determine the risk/return ratio. Traders need to constantly update their knowledge and skills.
Forex Mentor
em
Geral
Aug 18, 2020 at 16:31
Anyone can learn FX for themselves without an FX mentor. But it might be a good idea to learn from someone who has experience in the field. The mentor acts as guide and helps one to learn forex trading.
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