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Risk and Forex
Yeni Traderlar
içinde
Jul 22, 2018 at 05:55
Risk and forex are part and parcel of the same game. But it is true that unless you are willing to take risk you won't have much chance of big profits. The thing is that you should know what risk you can afford to take i.e. take well calculated risks. Use effective risk management techniques.
Why Forex Traders are losing ?
Genel
içinde
Jul 22, 2018 at 05:52
Right! The purpose of having a trading plan/strategy is not just for the sake of it. It needs to be followed with discipline and dedication.
Forex is profitable ?
Genel
içinde
Jul 22, 2018 at 05:52
The truth is that you should know how to make it profitable. If you don't know that then I don't really think it's going to be of any help.
Is demo trading enough before real account?
Yeni Traderlar
içinde
Jun 21, 2018 at 11:10
I agree. Even when you switch from demo to live trading you should start with small investment and eventually increase it depending on how you are performing. If you initially invest a huge amount there's a good chance of losing it since you'll be fresh out of the demo trading experience. As we all know live trading is totally different.
Is demo trading enough before real account?
Yeni Traderlar
içinde
Jun 15, 2018 at 10:07
If you are confident enough that you have been trading well with consistent profits and an effective strategy then I guess it is enough. But take your time as demo trading can be very helpful in learning about the trading essentials.However if you are still a little apprehensive about live trading start with very small amounts. It will gradually increase your confidence as you start earning profits.
Emotion in Forex trading
Genel
içinde
Jun 15, 2018 at 10:06
You have put this very well. Emotions are an inherent part of us. We should learn to balance them. And while it may not be feasible to escape from them, we should not let them override our better judgement and logic, especially in forex trading otherwise like you said our trading performance will suffer.
Who can help me to trade?
Genel
içinde
Jun 14, 2018 at 10:26
Find a trustworthy and reputed broker but before that do some essential homework and gain some trading knowledge and firsthand experience. This will be more useful for you. Demo account trading for some time can also help you.
Need help for be a good trader
Yeni Traderlar
içinde
Jun 04, 2018 at 13:36
Since you have very little idea about forex trading I would suggest that you take small steps. Don’t rush into it. Start by reading news daily and keeping track of what is happening in the forex market, particularly the currency that you are interested in. There are countless websites you can find online that could provide you with daily/hourly analysis of various currency pairs. You can also open a demo trading account to get some practical experience.
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