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willtradr
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willtradr
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Thoughts on FinproTrading
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Experienced Traders
Sep 18, 2021 at 07:07
Tried making any withdrawal with them?
Trade Around the Clock
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New Traders
Feb 18, 2020 at 06:43
Yeah. They are not talking about crypto markets.
Risk and Forex
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New Traders
Oct 28, 2019 at 12:05
There is a risk in the forex market as you can lose money if the markets go against you, but also because of this thing you can make profitable trades.
1:200 leverage
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New Traders
Oct 28, 2019 at 12:02
Exactly. Earlier i was using 1:100 with some broker and then i switched to Coinexx. Though they offer higher leverage of up to 500x but i am using 1:300.
Best currency pair for trading
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New Traders
Sep 26, 2019 at 06:55
I prefer to trade on majors.
How long should I start to trade after studying?
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New Traders
Sep 24, 2019 at 07:36
Yes. There is no fixed criteria as such. You can practice for a month, 2months or even 6 months, that’s up to you. Demo account is really helpful.
What does matter
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General
Sep 11, 2019 at 05:18
That’s true. Finding someone to copy from the impressive profiles is a kind of risk only. From thousands of profiles you are sure to find some risky traders in them.
What leverage do you all use?
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New Traders
Aug 21, 2019 at 06:55
Don’t prefer to use high leverage so 1:100.
What do you wish to achieve through forex?
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New Traders
Aug 05, 2019 at 07:15
Everyone comes to the Forex market for a reason, either to become professional trader or solely for entertainment. I wish to become expert of Forex trading and know all the technicalities,risk management and to cope with emotions come while trading.
trading basic
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New Traders
Aug 03, 2019 at 06:26
Technical Analysis identifies trading opportunities in price trends and patterns which we see on the charts and analyst observe the past trading activity and price changes(movements) of a security.
Time Management
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New Traders
Aug 01, 2019 at 07:45
Time Management is necessary if one wants to be successful in trading and for that use Forex signals because then you can easily manage your trade timing .Scan the news to understand the relevance. Also small things like to prioritize,sound plan,money management plan should be considered.
Getting so much confused with the terms. Please, help.
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New Traders
Jul 31, 2019 at 07:45
Yeah it happens in the beginning but that’s okay. There are a lot of trading terms to memorize but the best thing would be to understand one term at a time thoroughly and keep on reading about that until your concept is clear otherwise Babypips provides an online course which will clear all your confusions. Understand,learn,then write it down in your own words and create your Forex dictionary.
Intraday Trading is gambling
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New Traders
Jul 29, 2019 at 11:02
Trading and Gambling are similar,they both try to create capital gain over a short period of time without creating wealth. Trading and Gambling involves capital transfer without capital creation that is why they are viewed skeptically especially when their outcomes are unpredictable.
Manage Money
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New Traders
Jul 29, 2019 at 11:01
Money Management is a strategy that may decide the trader’s longevity. Even if somebody is a good trader but poor management will result chaos in his trading. Money management is all about risk management and leverage. A person with 70% win rate,poor money management on the 20% can wipe out whereas 60% win rate is still better with sound money management plan. You can avoid revenge trading and high risk trades. Although risk is inevitable but don’t risk more than you can’t afford.
Revenge trading
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General
Jul 25, 2019 at 12:20
In Revenge trading instead of applying logic you trade according to your emotions. There is an urge within to win back all the money from the same market where you lost it.It just makes you blind to other trading opportunities. In order to avoid losses you can re frame or may be apply the strategies in a different manner. Write down the reasons(on spreadsheet or any doc) to analyze the things.If you feel stressed just simply walk out of that room maybe or talk to somebody so that you don't think about the disaster that has just happened.
Psychology of Forex Trading
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General
Jul 24, 2019 at 09:47
The first thing one can do is make a list of trading rules which will guide you how to trade,when you should enter or exit and how much you should risk. Just having rules isn’t enough write them down on a trading journal. Now visualize yourself following your rules. For instance,imagine that you have an open position,now think of all the different price action scenarios you may encounter and imagine how you would adjust your position in these situations. At the end of the day,review your trading. Grade yourself and make it a point to work on your weaknesses. By reviewing your trading,yo...
scalping is risky ?
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General
Jul 22, 2019 at 05:08
Scalping is like any other trading and risky too just like any other so without proper knowledge it is difficult. For scalping,,one needs good calculation of risk ,Stop loss as market prices and spreads fluctuates within seconds. Scalping can go wrong because it doesn’t typically use Risk-Reward ratio. Scalping seems fun when you’re winning but as soon as you start losing its not fun anymore. Most of the traders will eat up most of their capital before they call the experiment a failure. Overall,it is not a viable trading method.
Is demo trading enough before real account?
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New Traders
Jul 19, 2019 at 09:38
Demo Trading is an invaluable tool for both newbies and experienced traders as it is good to test strategies or methods. If you feel that demo trading is not enough so may be you can try to read some books and seek some adviser's help who will train and teach you about the market trends and movement.
Are there any trading platforms designed to trade multiple accounts ?
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Experienced Traders
Jul 18, 2019 at 08:15
The TTFX Multi-Account Terminal for MT4/MT5 software enables investors to trade multiple accounts on the same computer. This is an ideal solution for regulated qualified institutions or money managers.This software maintains all the working on MT4/MT5 like limiting orders set up, closing positions and placing or editing orders.
How to select the Best Currency Pair for Investment?
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New Traders
Jul 17, 2019 at 05:41
It differs from person to person based on their needs or expectations as traders such as long or short term aspect,spreads or you can choose the pairing of your interest because pairs tend to trending so choose which will suit you. You can keep yourself updated by latest market news or trying pair up strong currencies against weaker ones.
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