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Demo can not make you well experienced
på
Allmänt
Sep 05, 2022 at 07:03
It’s good for a trader to start with demo trading but for real trading experience, they will have to put their money at risk. Demo trading just shows how trading is done. To get familiar with the results, you will have to trade in the market.
Very tough business.
på
Allmänt
Jun 27, 2022 at 05:14
Forex trading requires your patience and consistency to develop your analytical and technical skillset. Many traders want to earn money from forex the easy way, they do not want to work. Hence they buy signal bots, trading bots, etc. The truth is there is no ‘easy way’ nor a ‘fast way’ to forex. People need to work hard to learn about the market. And then make strategies to progress.
Can forex trading make you rich ?
på
Allmänt
May 24, 2022 at 06:15
It’s difficult to say if forex will make anyone rich. If you have a good strategy and use leverage properly, you can significantly increase your profits.
Patience is best tool to get success
på
Nya Handlare
May 20, 2022 at 04:19
Patience is indeed the best tool but unfortunately some new traders are lacking in this aspect. They are used to the instant gratification that they get with just one click. Thanks to the video games and social media culture. They enter the forex market with the motive of making quick and easy money but end up losing because of their impulsiveness. I really wish that new traders would understand that Forex trading is not a shortcut and will focus on putting efforts into getting success in the long run.
How long does it take one to be consistently profitable with forex trading
på
Nya Handlare
May 20, 2022 at 04:16
I wish there was a fixed time period for that but forex does not work like that. When you make an investment or just put your savings in a fixed deposit account, we can say that after a month or year you will be getting this much return/ interest without any major variation. But forex is a market for traders and our earnings are solely based on our trading skills. Within how much time you can equip yourself with the skill set of a trader will decide when you will start being a profitable trader in forex.
When a trader is a newbie
på
Allmänt
May 20, 2022 at 04:15
For a forex newbie, knowledge is the only tool. Your knowledge helps you make use of other available tools in the market. So, never take shortcuts when you are still learning.
What are the popular Techniques for Forex trading?
på
Allmänt
May 18, 2022 at 10:13
I think copy trading is a good technique as well. I often use zulutrade to copy trades from seasoned traders.
5 Things I have learned in 5 years of trading!
på
Allmänt
May 06, 2022 at 05:37
Never be greedy when you are a forex trader. Greed won’t only blur how you see the market but will also ruin your trading account.
Best currency pair for trading
på
Nya Handlare
May 06, 2022 at 05:37
As per my opinion, currently the best currency pair for forex trading is USD/CHF, and USD/EUR.
Diffrence between real & demo trading
på
Nya Handlare
May 05, 2022 at 05:37
A beginner trader is highly recommended to open a demo account before trading from a real account. The difference between the two is that - In a demo account, the trader gets access to a simulation of the real forex market where he can experiment with his strategies without risking the loss of real money, because in a demo account no real money is involved. In a real account that the trader opens through a broker, real money is involved. The trader’s bank account is connected with the live trading account and he has to make strategies carefully and wisefully so that he risks the minimal...
Free sources of professional Forex education
på
Allmänt
May 03, 2022 at 09:56
You learn more when you actually trade with your real money. But before that, get your basics right and practice well on your demo account.
The fear of losing opportunity
på
Allmänt
May 03, 2022 at 09:42
You have to accept that you can’t take advantage of every market movement happening. You won’t understand some while some will end even before you get to know them. But this thought should not make you open positions in every trade you come across. You are not missing any bus. It’s okay to skip some trades.
7 Benefits of using stoplosses
på
Allmänt
May 02, 2022 at 06:03
Very well written! There are a lot of benefits to them, and I'm glad someone is talking about them.
Mind or Machine? What’s Better For Forex Trading?
på
Allmänt
May 02, 2022 at 05:51
Certain situations require different measures. Sometimes, a machine is better, otherwise a mind is. I do think the mind is better.
The future of Alternative Intelligence in trading
på
Allmänt
May 02, 2022 at 05:51
AI is going to play a major role in all fields including trading in future. As it is already seen that AI led robot trading has brought significant changes in the way we do trading. So the future of AI in trading seems to be bright.
What makes one a Professional Trader?
på
Allmänt
Apr 29, 2022 at 09:53
The experience makes one a professional trader. To become a professional trader you need to be consistent as well as a successful trader and all this comes from experience.
Have a plan and stick to it
på
Nya Handlare
Apr 28, 2022 at 07:18
Yes. but it is absolutely necessary in trading to craft a plan and follow it. I follow trend trading strategies and it has worked for me so far.
Consistency is the brick
på
Allmänt
Apr 28, 2022 at 07:17
Very true! Consistency is key in even thinking of making a profit. You simply can't without being consistent with your trades.
Is a demo account really neccassary?
på
Nya Handlare
Apr 27, 2022 at 06:44
In a way, YES! It’s a fact that you may not get live trading experience on your demo account. But it is also true that you can invite huge losses if you don’t practice on a demo account where you can learn how to use trading software, how to execute a trade, how to make settings, etc.
Learning Forex Trading
på
Nya Handlare
Apr 27, 2022 at 06:42
No matter what you see in the advertisements, forex trading is a difficult task to do. You won’t be making profits from the beginning. In fact, the beginning would be the toughest part of your trading career. Give plenty of time to your learning so that you are capable of judging the market and making your moves accordingly.
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