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Need an advice
em
Novos Negociantes
Dec 16, 2022 at 09:38
Yes, that is so. Major currency pairs represent the world’s most stable and most liquid economies. They are reliable, with high trading volume and smaller spreads. EUR/USD is the best pair for beginners.
Importance of demo trading
em
Novos Negociantes
Dec 16, 2022 at 09:30
Before trading on a live account, trading on a demo account makes a trader learn how to interpret charts and analyse the market. It also helps traders with learning trading psychology and risk management and refining their trading strategy.
Feeling recently
em
Novos Negociantes
Dec 16, 2022 at 09:23
With time, you will naturally gain knowledge and experience, which will make you realise new things. You have to be patient, consistent, and disciplined for that, though.
Is Forex an Addiction ?
em
Novos Negociantes
Dec 16, 2022 at 09:18
You have to figure out what's troubling you and what's making you overtrade. Beginners do overtrade, so focus on developing discipline first before trading. Mindfulness activities help in that case too.
Keep your innovation running
em
Geral
Dec 15, 2022 at 07:22
By gaining experience, you become creative. You can use that creativity to plan your goals and strategies. If you do so, you will start moving in the right direction, thus keeping your innovation running.
Most people fail because
em
Geral
Dec 15, 2022 at 07:12
Traders need to invest in themselves and learn the market. Money and risk management work. Learn how the market works and the tools that will fit your needs. Focus on consistent growth rather than rushing the process.
What is the importance of knowledge?
em
Geral
Dec 15, 2022 at 07:07
Gaining theoretical knowledge is crucial to apply it practically. Practical knowledge is what leads to gaining experience. Plus, there are many things that move the market, with a new set of challenges that make you gain more knowledge. By learning that way, you will understand in detail what you need to do to be a successful trader.
What do you learned while trading?
em
Geral
Dec 15, 2022 at 07:01
You have to learn everything related to the forex market. Spend time learning skills and applying them. With every trade I place, I learn something, whether it's learning from something negative or positive.
New traders love scalping
em
Geral
Sep 06, 2022 at 06:48
The idea of making profits from numerous short trades taking advantage of the volatility is quite enticing! But, sadly, most newbies fail in this process. Scalping is actually carried out within a matter of a few seconds. It requires quick analysis and decision making which most beginners can’t do because of the lack of experience. This is why I think traders should never start with scalping.
Most people fail because
em
Geral
Sep 05, 2022 at 06:15
In my opinion, it is a lack of knowledge. The more someone knows a market, the more are the chances of their success.
Indicators are useful but
em
Geral
Jul 07, 2022 at 04:22
The indicators are useful in trading but not the overall game in forex trading. In the end, the market is what it is. The indicators are just tools to help you understand what is going on in the market and make better decisions.
Demo Trading Advantages
em
Geral
Jul 07, 2022 at 04:21
I agree, with demo trading, a beginner trader gets endless chances to experiment with different trading options without risking his real money, and see which strategy fits him best.
Gold broker recommendations
em
Geral
Jul 05, 2022 at 08:01
I’m trading xauusd with aaafx and xtb, both have good trading conditions.
How much should you invest in trading
em
Geral
Jun 27, 2022 at 04:10
There is no limit as to how much you should invest in trading forex. Many people start with affordable capital for example $100, whereas big and experienced traders trade with capitals as huge as $100,000 or more. Remember that higher the trading capital, higher is the profit (if you win), because as an average trader makes 2% to 3% per trade. On the other hand, you might also be tempted to use leverage, but if you do so, remember to use Stop Loss in your trade, because if the market turns against your predictions, the negative side of leverage can blow your bank account.
Basic mistake we make
em
Geral
May 09, 2022 at 03:47
True, new traders do focus solely on earning profits as fast as they can and forget about acquiring proper knowledge of the market and just enter it blindly.
Signa providers
em
Novos Negociantes
May 06, 2022 at 03:57
I wouldn’t recommend signal providers as a lot of them can be scams however I do suggest analysing the market and then reaching your own conclusions.
The fear of losing opportunity
em
Geral
May 05, 2022 at 04:03
That's true! As a new trader the strongest emotion that you feel is fear that grips you tight as you trade.
There is a proverb that practice
em
Geral
May 04, 2022 at 05:46
It’s true, and it applies to all fields of life including forex. When a trader practices on a demo account, he gets used to the working of the real market and can form better strategies. On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses. So please don’t try new strategies that you have formed in a live accoun...
When a trader is a newbie
em
Geral
May 04, 2022 at 05:33
I will suggest that the first thing a beginner trader must do is - to learn, and to practise what he has learnt in a demo account. Unless and until the person gets a simulation of how the trade happens, they will not come to know about certain terms, strategies, or processes. When practising in a demo account, none of their real money is at stake too.
You need sound mind
em
Geral
May 02, 2022 at 04:15
The ability to control your actions and know the right time frame to make a move is essential in forex trading as you must analyse which strategy may work and which won’t and be able to identify the right opportunity that will lead you to your goal without getting carried away by distractions. Traders must be confident and quick thinkers to slide through loss and earn profit efficiently.
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