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When a trader is a newbie
v
Obecné
Oct 01, 2022 at 10:54
Forex is a 24-hour open market and you can trade here anytime you want. Besides that, brokers allow traders with a multitude of trading facilities.
Most people fail because
v
Obecné
Oct 01, 2022 at 10:53
There are different ranges and angles where the market remains stuck and those who have sufficient market knowledge can utilize these opportunities to make profit.
Consistency is the brick
v
Obecné
Oct 01, 2022 at 10:52
Don’t get mentally upset even if you lose more and more. Forex trading puts pressure on your mentality and sometimes traders become unable to reach a conclusion of their analysis. However
New traders love scalping
v
Obecné
Sep 29, 2022 at 14:44
When you can earn more profit, you will feel satisfied, which is badly needed for traders. Every broker allows traders with a demo account to practice.
When a trader is a newbie
v
Obecné
Sep 29, 2022 at 14:43
In my personal opinion, fibonacchi is a great tool for market analysis. It shows traders with different trading angles and points.
What is the importance of knowledge?
v
Obecné
Sep 29, 2022 at 14:41
When traders are in consistent losses, Forex becomes a burden to them. But, if traders trade in Forex using less risk, things are not like this to traders.
DO you get scared over drawdowns?
v
Obecné
Sep 19, 2022 at 06:24
Practicing more and more and earning knowledge have no substitute to self-development. There is necessity for learning as much as possible and internet has made the learning process easier.
Can forex trading make you rich ?
v
Obecné
Sep 19, 2022 at 06:22
Long term trading is a kind of trading hardly favored by traders because it takes much time and comes with high trading risk.
Book to read
v
Obecné
Sep 19, 2022 at 06:21
You have to wait for a long time alongside continuing your study. So, if you feel that you don’t own these qualities, the try to develop.
Free sources of professional Forex education
v
Obecné
Aug 28, 2022 at 14:45
It depends on traders but as a part time trader, I prefer scalping the most. Scalping refers to a trade that is closed within a few pips for a small profit
What is the trading psychology for you?
v
Obecné
Aug 28, 2022 at 14:44
Forex taught how to be patient and keep thyself motivated in adverse situation all the time. These are not the only takeaways rather there are many other takeways too to learn.
Basic mistake we make
v
Obecné
Aug 28, 2022 at 14:43
Forex trading has become a fear among traders because of its ferocious nature and traders can’t retain their motivation for long.
Why are some traders successful?
v
Obecné
Aug 28, 2022 at 14:43
Risk management and money management should be the part of one’s trading. The target of every risk management strategy is to save traders from sudden market crashes along with offering them profit on average.
Dollar Holds Firm As Powell Speech Day Dawns!
v
Obecné
Aug 28, 2022 at 14:42
Greed and emotion are the worst human qualities that inspire a trader take high risk in trading and go bust. Successful traders never serve their emotion.
Different approaches of trading
v
Obecné
Jun 29, 2022 at 15:35
Traders are many traders who prefer news trading much because it gives them quick profit. But, we rarely see deriving 100 pips of profit from news. Even though market becomes volatile during news, but it doesn’t so much that can give you that much profit at a time.
You need sound mind
v
Obecné
Jun 29, 2022 at 15:34
Borrowing money from banks for trading Forex is never a recommendable option. Forex is an uncertain market where anything can happen anytime. So, traders should not take such a risk that throws his lesser guarantee to payback his loan.
The fear of losing opportunity
v
Obecné
Jun 29, 2022 at 15:26
Proper time management is needed for trading, for example, scalpers always follow short time frames and long term traders always follow long time frames. So follow time frames according to your trading style.
Can you borrow money from the bank to trade forex?
v
Obecné
Jun 14, 2022 at 06:58
No, I will never borrow money from bank for Forex trading because it is risky and life-threatening. There is no guarantee that you can generate profit from Forex trading and can repay the loan. So, it’s never recommendable to take loan from bank to trade Forex.
Does forex strategies usually work>
v
Obecné
Jun 14, 2022 at 06:52
It depends on how effective your strategy is. Almost all traders have a strategy but all those strategies are not well-proven and testified and so testifying of strategies is needed. Personally I prefer moving average strategy and always have a better result.
Grow consciousness in trading
v
Obecné
May 27, 2022 at 06:24
You can grow cautiousness in trading by gathering experience trading with the market. Cautiousness in trading is highly essential and lacking of it will drive you towards failure. But lack of knowledge will bring no benefit even if a trader is cautious enough. So, focus on learning and practicing.
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