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New and undisciplined traders

Od UweMoench Jan 10, 2021 at 16:52

There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fa...

32 Replies 1,677 Pozreté

Posledný príspevok od Bobolyis Jan 07, 2022 at 19:02

Really? Long term is worth the wait?

Od SophieB Jul 07, 2017 at 06:17

Whether it’s trading or investing, financial markets are always very uncertain and you can never truly predict whether holding on a trade will be worth it or not. However, if you plan to employ long term strategy in your trading then it’s a good idea to fundamentally analyse the pairs and the underlying economies thoroughly.

73 Replies 3,213 Pozreté

Posledný príspevok od kroxobor Jan 06, 2022 at 05:17

Strategy Survey

Od Osikemhekhai Oct 16, 2021 at 11:19

No strategy is ever 100% accurate or perfect. The quicker you can accept this reality of trading, the quicker you will start to see the results.

3 Replies 372 Pozreté

Posledný príspevok od LyudmilLukanov Jan 04, 2022 at 07:04

Most traders are impatient

Od Michihito Dec 27, 2020 at 09:26

Most traders are impatient and want to see results immediately. They get discouraged when they do not see the profits they expect and give up too soon. Successful traders have the patience to wait for the right opportunity and to take advantage of it when it arises.

28 Replies 1,667 Pozreté

Posledný príspevok od shortant Dec 31, 2021 at 05:17

Spreads

Od tradingjules Mar 03, 2021 at 02:42

I always choose a broker according to its spread. Too high spreads, as well as too low are suspicious for me. Trading principles are not so important.

19 Replies 1,222 Pozreté

Posledný príspevok od Akasuki Dec 31, 2021 at 02:16

To be a gainer

Od UweMoench Dec 21, 2020 at 12:12

Only those people who have learned and practice well in forex would be able to make good profit in forex. Others would just try to earn by luck and would usually have more losses than profit.

17 Replies 880 Pozreté

Posledný príspevok od Akasuki Dec 30, 2021 at 08:21

Over trading is a bad habit

Od UweMoench Jan 03, 2021 at 07:19

Among all the bad habits, over-trading can be very costly for a trader. There’s this general assumption that the more you trade, the more chances you have to make profits. Sadly, it is often ignored that winning is never guaranteed and it’s possible that the majority of your trades can go wrong. The best is to not take unnecessary trade...

24 Replies 1,496 Pozreté

Posledný príspevok od pipham Dec 30, 2021 at 04:39

People come into trading

Od UweMoench Jan 17, 2021 at 11:40

People come into trading with all kinds of false hopes. They think that one day they will make one big trade which can earn them such a huge profit allowing them to comfortably live their life later on without any need to earn money. There is a special role of marketers in reinforcing this unrealistic belief. Traders believe they can directly jump ...

12 Replies 647 Pozreté

Posledný príspevok od pipham Dec 30, 2021 at 04:34

Becoming a Forex Expert requires

Od Michihito Mar 02, 2021 at 11:37

I see maximum novice traders try to make money without learning! That’s the main reason of having the 95% statistic! Without knowledge, I mean trading knowledge- Forex is impossible!

38 Replies 1,976 Pozreté

Posledný príspevok od UweMoench Dec 30, 2021 at 04:29

zero spread brokers needed

Od woolkan Feb 22, 2021 at 16:06

i am convinced that zero spread is a myth even if there are some brokers who offer to claim 0 spread but people should understand that their commission is already peaked up. So better go with low spread brokers like fxview, icm or pepperstone may be. Do look out for swaps as well.

58 Replies 2,883 Pozreté

Posledný príspevok od Gabriel99 Dec 29, 2021 at 10:45

Your Gain

Od siya1989 Oct 02, 2020 at 08:06

Making consistent profit is not so easy. you need to have proper knowledge and experience.

19 Replies 1,081 Pozreté

Posledný príspevok od SteveHanks Dec 29, 2021 at 06:00

There are three things

Od Michihito Dec 08, 2020 at 13:28

Proper knowledge is very necessary to survive in this market.

18 Replies 1,164 Pozreté

Posledný príspevok od SteveHanks Dec 29, 2021 at 05:23

myfxbook is doing a great job

Od manager Aug 23, 2010 at 08:42

The account tracking tools are very useful and insightful for sure. Enjoy coming into the forum too.

31 Replies 1,780 Pozreté

Posledný príspevok od sebking1986 Dec 28, 2021 at 11:12

What type of trader you are?

Od Dictiony Apr 29, 2020 at 07:44

Scalping in money management gives traders the freedom with a small target, but dropped out when a few pips profit only, and this can make convenient and secure capital

47 Replies 2,060 Pozreté

Posledný príspevok od UweMoench Dec 28, 2021 at 03:12

Many traders think stop loss

Od UweMoench Mar 10, 2021 at 14:58

I don’t see trading without a stop loss a problem. The purpose of a stop loss is to minimise risk. It’s part of risk management. All beginners shouldn’t trade without a stop loss.

25 Replies 1,321 Pozreté

Posledný príspevok od Nakedize Dec 27, 2021 at 05:52

Is math important for trading?

Od UweMoench Dec 13, 2020 at 11:33

Math is important. You won’t be able to understand anything if you don’t know basic math. But you won’t enter trading if you don’t know what profit means. If you know what profit is, you definitely know addition, subtraction, multiplication and division. If you know this much it should be enough. You also don’t need to...

40 Replies 2,334 Pozreté

Posledný príspevok od davemack Dec 24, 2021 at 03:52

Hedging

Od Mohammadi Sep 25, 2017 at 06:29

Hedging is a very complicated thing. I mean that you can learn trading from that kind of resources where everything is explained to the non-professionals, but hedging requires some serious background and knowledge. You cannot get the information about how to hedge your deals in a step-by-step instruction. You should also be able to make some sort o...

28 Replies 1,754 Pozreté

Posledný príspevok od Bullta Dec 23, 2021 at 19:57

Long term trading

Od UweMoench Feb 21, 2021 at 12:32

I don't think it will lead to long term losses instead it will help protect your account from further loss.

11 Replies 827 Pozreté

Posledný príspevok od Akasuki Dec 22, 2021 at 05:39

Defination of a Good Trader?

Od forex_trader_48574 Oct 09, 2011 at 08:11

A good trader knows how to manage risk and thinks both about risks and profits associated with a trade. He knows how to take control of his emotions and act decisively.

48 Replies 3,602 Pozreté

Posledný príspevok od whitneytyler Dec 22, 2021 at 04:54

Customize your strategy

Od UweMoench Nov 06, 2020 at 13:08

This is so on the money and something a lot of new traders don't grasp as they are looking for the shortcuts to able to get into the markets and justr start pulling money out. Truth is there are no shortcuts and the process of creating your own bespoke strategy takes time whether you submit to that or not.

16 Replies 962 Pozreté

Posledný príspevok od sebking1986 Dec 17, 2021 at 13:40

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