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Emotion in Forex trading
Genel
içinde
Mar 23, 2022 at 10:02
Emotionless trading would be great, I guess that's why a lot of people end up using EA's, but then majority lose money.
Loss
Genel
içinde
Mar 23, 2022 at 10:01
Risk management is vital in order to be successful.
Demo Trading Advantages
Genel
içinde
Mar 23, 2022 at 09:54
Demo trading is good and all, but there is no fear of losing money compared to live.
How much should you invest in trading
Genel
içinde
Mar 23, 2022 at 09:53
It depends really.With the option of prop firms these days, traders don't have to start with low capital (assuming they can pass challenges)
Very tough business.
Genel
içinde
Mar 23, 2022 at 09:53
I agree, it is very tough. And there are lots of scams and people posing as great traders, but in reality they aren't.
Can forex trading make you rich ?
Genel
içinde
Mar 23, 2022 at 09:52
Yes it can, of course. But a lot of people come into trading thinking that they will become rich fast.
Forex is not like gambling
Genel
içinde
Mar 23, 2022 at 09:51
But you can stick to a system the same as you do with gambling and you either win or lose. Same with trading.
Four Tape Reading Tips for Newbies
Genel
içinde
Mar 23, 2022 at 09:51
For sure - best to have a strategy before getting involved on the markets.
Greed, the destruction
Genel
içinde
Mar 23, 2022 at 09:37
Yep for sure.Holding a trade for too long (and it coming back to a loss or breakeven), or over leveraging. A lot of people fall for it.
Is trading hard?
Genel
içinde
Mar 23, 2022 at 09:36
For sure it is.The actual aspect of it seems simple, but the psychology part is the hardest.
There is a proverb that practice
Genel
içinde
Mar 23, 2022 at 09:35
To an extent yes, but sometimes no. Forex isn't for everybody. You can put in days, hours, weeks, months or years and still be unsuccessful.
Be productive
Genel
içinde
Mar 23, 2022 at 09:35
Exactly, you can study and back test all you want - but ultimately it's the psychology part that messes with your head.
How much money can I expect to make from trading?
Genel
içinde
Mar 23, 2022 at 09:34
How much money do you have that you can afford to lose?
The fear of losing opportunity
Genel
içinde
Mar 23, 2022 at 09:34
Yep, a lot of people suffer with this - especially when you are on a losing run. Best to be patient and wait for a solid opportunity.
Forex trading offers high leverage
Genel
içinde
Mar 23, 2022 at 09:33
I use 1:500 leverage, but don't often use it to it's full potential.
Fear is the greatest reason
Genel
içinde
Mar 23, 2022 at 09:32
Exactly, this is why most people fail with trading. Psychology is definitely the hardest part.
What do you learned while trading?
Genel
içinde
Mar 23, 2022 at 09:32
Patience is one of the most important aspects. I still sometimes get screwed over by FOMO.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
Genel
içinde
Mar 23, 2022 at 09:31
It doesn't really matter in my opinion, but MT4 is widely used (whereas a lot of brokers don't offer MT5 yet)
How to start forex trading? Read These Best Tips!
Genel
içinde
Mar 23, 2022 at 09:30
Thanks for sharing these points, they are spot on.
Does forex strategies usually work>
Genel
içinde
Mar 23, 2022 at 09:30
You need a strategy in order to be successful and you need to stick to it. But yes, they do work.
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