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I'm new to Forex trading and looking for some advice
på
Nya Handlare
Sep 20, 2022 at 12:52
True that! Apart from leverage and spreads, margin level also plays an important role in trading. Before choosing any broker you need to check and understand all their trading conditions and their offerings.
The only rules you need to start being a profitable trader
på
Nya Handlare
Sep 15, 2022 at 12:14
Practice on a demo account, and trade wisely with proper study of the fundamental, technical, and chart analysis. Always remain calm and avoid impulse trading when making losses.
Books or Videos - Which one is better for learning?
på
Nya Handlare
Sep 15, 2022 at 12:13
From my personal experience, demo account is far better than anything to learn to trade if you are not ready to go live.
How often does the market change?
på
Nya Handlare
Sep 15, 2022 at 12:12
Market changes daily. It does not remain consistent. For traders to trade, they need to study their market performance daily.
How does experience come?
på
Erfaren Traders
Sep 13, 2022 at 12:15
Experience comes with time and practice. Experience is not something that comes overnight. For that, you need to understand the functionality and technicality of the market thoroughly. Also, demo trading plays an important role for new traders to improve their trading skills.
Very tough business.
på
Allmänt
Sep 13, 2022 at 12:11
Trading is not an easy task. You need to study and understand the market daily, due to the fluctuation. For trading, you need experience and that comes with time and practice. So, the more often you practice the more you are able to understand the market well.
Impulse Trading and How to Avoid It
på
Nya Handlare
Sep 08, 2022 at 12:19
To avoid impulse trading you should always,1 Have a Plan2 Stick to a one-time frame - Daily Time Frame is a good start3 Over trading
Is a demo account really neccassary?
på
Nya Handlare
Sep 08, 2022 at 12:17
If you are new to trading then definitely it is important for you to first trade on the demo account and then shift to a real trading account. It is for the benefit of you only, to understand the trading deeply before trading real funds.
scalping easy ?
på
Nya Handlare
Sep 08, 2022 at 12:16
As per my personal experience scalping is not easy. It requires a timely decision on trading. But this strategy is profitable to some people who are experienced traders and prefer short-term trading within some minutes and seconds.
Demo trading
på
Nya Handlare
Sep 08, 2022 at 12:15
A demo account is where new traders practice their trade without using their real money. It is basically a good way to understand Forex and allows you to handle the loss without having to send a single dime.
How long does it take one to be consistently profitable with forex trading
på
Nya Handlare
Sep 07, 2022 at 11:54
It depends on the person to person, and how much time are you willing to give to learn Forex trading. It took me 7 months to learn and practice and I'm still practicing. Because a demo is the only way where you can constantly improve your trading skill without having to spend a dime!
How much do you earn on forex investments? (Investors only)
på
Nya Handlare
Sep 07, 2022 at 11:53
It usually depends on your experience, daily research and analysis before trading, and a thorough understanding of the market. If you make a profit one day, there is a chance you will not be able to make a profit the next day.
Which exotic pairs are good to use for trading?
på
Nya Handlare
Sep 07, 2022 at 11:53
I usually go for EUR/USD currency pairs as they are the most valuable because they provide the highest liquidity among other pairs.
Time and pracrtice.
på
Nya Handlare
Sep 07, 2022 at 11:52
In my opinion both are valuable. You should spend some time on practice trading before going live. Time and Practice go hand in hand when talking about trading.
Diffrence between real & demo trading
på
Nya Handlare
Sep 05, 2022 at 11:56
Whatever strategy you use on a demo account, according to my personal experience, will not apply to a real account. If you make a mistake in the demo account, it will have no further consequences. A real account, on the other hand, means no mistakes or you could lose a large sum in a matter of seconds.
Have a plan and stick to it
på
Nya Handlare
Sep 05, 2022 at 11:55
When it comes to trading, it is important to stick to your plan. Before trading, always study and plan. Sticking to a plan can assist a trader in developing discipline.
DO you get scared over drawdowns?
på
Allmänt
Sep 02, 2022 at 12:39
To handle, and reduce inevitable drawdowns, I personally recommend trading small, trading multiple markets and time frames, and, most importantly, trading within a wide risk tolerance margin.
When a trader is a newbie
på
Allmänt
Sep 02, 2022 at 12:37
In my opinion, as a newbie, you should begin trading on a demo account first and then from there, you will be able to gain some experience while trading.
Is investing in the forex market risky?
på
Allmänt
Aug 31, 2022 at 11:28
There is risk everywhere. It is obvious that if you trade, risk will follow you. It all depends on how thoroughly you analyze and study the Forex market.
Is it better to invest or save money?
på
Allmänt
Aug 31, 2022 at 11:27
It all depends on the individual. That is how much risk you are willing to take with your money. If you are not a risk taker, saving money is your only option; however, if you are willing to risk your money, the possibility of growing your savings money increases. But only if you have properly analyzed the market.
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