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Why You Should Be A Day Trader
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Obecné
Aug 25, 2022 at 05:09
Day trading can make daily plan trading, they will open and close orders only one-day trading and never hold a position overnight if they choose a swap account, day trading is not charged by swap fee because already closed order before overnight time.
Why are some traders successful?
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Obecné
Aug 23, 2022 at 23:46
If want to become successful trader, we should learn to follow successful people, and learn from them to be motivated, maybe the way to become successful is different for each other, there are successful trader who works in PAMM trading, there are a successful trader who works in a bank commercial, we just find the way to success based passion.
Basic mistake we make
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Obecné
Aug 23, 2022 at 01:16
Basic mistakie in trading like as fear of missing out, greedy in trading, overconfidence and feeling we make perfect analysis, trading forex need to follow the market and not follow emotion
Money Management Tips
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Obecné
Aug 22, 2022 at 00:19
How to minimize the risk in trading is important, we need to works using money management plan, included risk management, how to put stop loss we can using pending order in accordance to manage our risk in percentage, we can make sharp trading skills to get best price.
Demo Trading Advantages
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Obecné
Aug 19, 2022 at 01:07
In the Demo account, we can explore trading instruments that are available on the platform broker, we can try to choose the best instrument to make a profit, in the long term or short term, we can be free from the risk when trading using virtual money, user expert advisor also possible to test EA using a demo account first before applied into real account.
Can forex trading make you rich ?
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Obecné
Aug 17, 2022 at 23:52
Just works like another business, there are people get success and become rich, there are people get fail and maybe losing money, included forex business, some people maybe get rich from forex industry, but some other people maybe get fail and losing money in trading, it will depends on our capability and destiny
Scalping
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Obecné
Aug 16, 2022 at 23:28
Scalping as short-term trading needs good psychological trading and full discipline to implement the trading system, maybe this is not suitable for beginners because will full tension, however, when traders already mastering the trading system and understand the kinds of trend market, scalping can be worth profit good. implement
Emotion in Forex trading
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Obecné
Aug 15, 2022 at 00:42
Emotion is like an enemy that appears from ourselves, most traders proven when trading based emotion the result eventually facing to failure, trading need clear and calm minds, it will make us to become more comfortable and will able to create plan trading based on minds and not based emotions.
Profit streak or loss streak. What's worse?
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Obecné
Aug 11, 2022 at 00:57
It will depend on our mindset, as human nature is greedy, want more and more, although already having a car then want to buy airplane, but actually don't want losing, in trading profit and loss is part and sometimes inevitable, but how to accept both as normal thing depending our mindset I think.
Scalping
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Obecné
Aug 10, 2022 at 00:17
Maybe not all traders suit to scalping, this is short-term trading, and included an aggressive trading strategy, if traders can't control emotions properly, could lead them to be reckless and trading, scalping trading need plan trading and discipline to implement.
Demo can not make you well experienced
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Obecné
Aug 08, 2022 at 22:57
It will depending pers[ective of each traders to view about demo account. Demo trading is important to learn and get experience trading. Sometimes demo accounts are used among traders to show trading performance when they test ea and want to show if they can make a good income using a demo account. But investor I think they will look and proof of trading and type account before investing.
Guys, What do you think about Central Bank Digital Currency - Dollar/others?
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Obecné
Aug 07, 2022 at 23:37
In my view CBDC appears because cryptocurrency mushrooming brings blockchain technology in fintech. CBDC ideas come from world institution central bank to issue digital currency regulated by the government through CBDC. Because it is legal by the government, the next question is infrastructure support is or not.
Does emotion harm?
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Obecné
Jul 27, 2022 at 21:01
Depending on the type of emotion, in human beings, there are emotions like anger, sadness, happiness, good, etc. Emotion could affect to trading depending upon traders will handle it, emotion become bad when traders make decision out from rational thought.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
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Obecné
Jul 26, 2022 at 23:36
MT5 now already many brokers offer a trading platform, but MT4 is still the most popular and used by many traders.I am still like to use MT4 as long as this still can be used.
High Leverage
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Obecné
Jul 25, 2022 at 22:18
Retail traders with small-budget trading can take advantage of high leverage, but reckless using position size when choosing high leverage can be disastrous for account trading and maybe lead to quick margin calls, and trading is not gambling.
Gold broker recommendations
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Obecné
Jul 24, 2022 at 22:53
Yes, I think this is time to buy Gold as the price is already at low prices, however trading gold needs strong capital, and choosing a broker low spread, I am entrusting to choose FXOpen when trading gold because they have a low spread for XAUUSD.
Emotion in Forex trading
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Obecné
Jul 20, 2022 at 23:44
I think all traders agree emotion will mess up an overall trading plan, this is a bad habit in trading, when traders still hard to control emotions, may be better to leave the chart because losing trades can make them angry and make a bad decisions recklessly, trading need calm minds to managed account, not use emotion.
Selling of profitable EA make sense!?
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Obecné
Jul 19, 2022 at 23:25
Retail trader, I think they never think to buy robot, in addition, the price is more than 1000 USD, it is too much expensive, and not sure whether trading performance good or bad, manual trading we can manage the risk-based own preference, using robot will good if understand how it work so not shocks when trader face failure
Good broker is needed
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Obecné
Jul 18, 2022 at 23:25
of course good and trusted broker is important for long term investment, no anyone trader they get scammed by the company because after in long term hard work but when they withdraw profit then faced any problem such as account blocked without any clear reason.
Psychology
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Obecné
Jul 17, 2022 at 23:23
I think each trader they have own comfort zone to trade based on the timeframe, scalping needs more energy to spend the time monitoring the chart, except using EA scalping, traders just wait and let EA work for them, human nature, psychology trading is matter, weak psychology will often make mistake and cant discipline to working.
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