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Good broker is needed
Genel
içinde
Feb 27, 2023 at 21:39
FXOpen is also a good broker, the company was established in 2005 and the broker is regulated in the UK, AU, and EU, the spread starts from 0.0 pips because this is a true ECN broker, and so far not faced any problems since using their services.
Copy trading
Genel
içinde
Feb 26, 2023 at 21:40
I don't have experience trading using social trading and prefer to do manual trading based own of knowledge and skills. So I don't have the exact answer to solve its problem, maybe the expert below this post will give an answer.
Forex game is not business
Genel
içinde
Feb 23, 2023 at 23:25
Forex is a business, not a game, maybe you only see successful people from one edge, every business can make people succeed but there are other people maybe still struggle to achieve success and there are so many failures in business. If you get fail in a certain business don't blame the business but the problem is you.
Is Copy Trading profitable?
Genel
içinde
Feb 20, 2023 at 23:00
Eventually, all result depend to the leader of copy trading itself and our setting, because copy trading is only copy and follower they are free to adjust position size, so depends on the strategy also, long-term strategy without stop loss or stop loss wide may impact to the strength of margin and could different result between leader and follower because different amount of capital
Why are some traders successful?
Genel
içinde
Feb 19, 2023 at 21:57
It is a common thing there is different result in each other in many businesses, the profession could be the same, but, the result will be different, in forex trading, although two traders use the same trading strategy the end result could be different, there is another factor the cause like psychology, time to enter, slippage, etc.
7 Benefits of using stoplosses
Genel
içinde
Feb 16, 2023 at 22:24
Trading without a stop loss is dangerous because the market is very dynamic and unpredictable, in every second the price always changes and does not always move in our favor of direction, stop loss is a feature to manage the risk although there are advantages and disadvantages.
Looking for the best broker
Genel
içinde
Feb 15, 2023 at 22:20
Yes choosing the broker is difficult to find the best one, we only read from reviews traders, and reading blog reviews, sometimes could be tricky because finding trusted reviews is not easy, however using Trustpilot reviews is still the best place to reading reviews of a broker, I alone use FXOpen because low spread as one point of my view.
Luck is important
Genel
içinde
Feb 14, 2023 at 22:13
Traders need luck, yes traders need luck to get a profit from trading because they can't control the price will move up or down, trading is about probability by looking for the best time and price to enter the market. Luck is matter in trading but is accompanied by knowledge and skills, not relying upon luck alone.
Forex market offers great opportunity
Genel
içinde
Feb 13, 2023 at 21:20
No doubt in forex trading, traders possible to make thousands of percent profit or unlimited profits when they already have good skills and knowledge in making a profit from currency trading. This is a great opportunity with involved the risk, which not all people suitable with forex.
Forex News
Genel
içinde
Feb 12, 2023 at 22:32
There are various resources for reading news forex, I like to reading news on investing and sometimes Reuters and FXOpen blogs. The news only helps if we can understand the impaction
Does forex strategies usually work>
Genel
içinde
Feb 09, 2023 at 22:37
I think not always strategy work in all market conditions, here needs an understanding to the market, and what kinds of a trend currently occurs, on the trading range market it is impossible looking a higher target, so learning the market is key accompanied by patience.
Psychology of trading
Genel
içinde
Feb 08, 2023 at 22:40
Human nature actually they don't want to lose, however trading forex involved the risk, want or not when loss occur we must accept the loss and although hide the pain, but still feeling in heart, thinking target and risk need to balance.
What is a good business to get into?
Genel
içinde
Feb 06, 2023 at 22:03
This is a good point when looking for a business to start out if we have a passion to do something and hence will be more motivated to work out, and the demand of the market determines selling results, there are some people who succeed and start from a hobby only.
Luck is important
Genel
içinde
Feb 05, 2023 at 22:35
Luck is needed but not the case, trading is based on knowledge and skill, and luck has a small portion to get consistent results. It will differ from trading blindly compared to trading-based system trading. Blind trading often loss but not if we can discipline
Learning and earning
Genel
içinde
Feb 02, 2023 at 22:45
All traders actually expect to become successful traders, and every successful trader they have own story to achieve the goal, and most traders ever faced loss in trading, then learning from their mistake during practice then gives improvement skills to get earning, motivation is needed to achieve the goal, whoever seriously they will get
Forex News
Genel
içinde
Feb 01, 2023 at 22:16
Personally, I like to visit investing.com, then fxtreet, then dailyfx, sometimes read forexfactory economic calendar. However the good source I think is Bloomberg and Reuters, unfortunately, Bloomberg is not free.
How do you handle different cycles with opposite trends?
Genel
içinde
Jan 26, 2023 at 21:53
It depends on your analysis if use a daily chart as the main chart to determine a major trend, hence in a lower timeframe needs to look in the same signal direction, the market often repeats history, and in the major trend, the price never moves only one trend without retrace. In the daily timeframe also need to figure out possible support and resistance as the possible major trend will end and reversal time is begin, whatever decision you made, the risk remains there and need to prepare.
Traders will do well to keep in mind
Genel
içinde
Jan 25, 2023 at 23:26
Stop loss is indeed important to keep trade based on the risk management plan, always in my trades with FXOpen using stop loss to manage the risk, often I use a pending orders to manage the risk based on analysis.
Psychology of trading
Genel
içinde
Jan 25, 2023 at 00:19
Psychology trading has high role during trading, weak psychology trading will make traders easily to break discipline and often making mistake, strong psychology will bring trader more discipline with all trading rules both trading system and money management. Good trading system need supported by good money management, and good money management need supported by good psychology.
Emotion in Forex trading
Genel
içinde
Jan 24, 2023 at 01:00
Emotions always become an enemy that appears from our own selves, indeed as human nature we have emotions, however without good control over emotions, hence will mess up an overall trading plan, we need discipline in trading and avoid emotions like as greed, anxiety, fear, etc.
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