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Free sources of professional Forex education
في
عام
May 07, 2021 at 10:11
On the internet you will find plenty of resources and those are free also, personally I refer to babypips, investopedia and some forex books also.
Placing stop loss
في
عام
May 05, 2021 at 10:03
Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.
Those who can't learn will be eliminated by the market
في
التجار ذوي الخبرة
May 04, 2021 at 10:09
Yes, It is not a cup of tea for everyone. You will certainly need to study and learn the skills. Also control your emotions during trading.
It is a very wrong idea
في
عام
May 03, 2021 at 12:21
Agreed, Market trends are the driving factor. If you go against the market you will end up with losing your capital.
Discipline and Forex Trading
في
عام
Apr 30, 2021 at 10:17
Discipline is one of the most important traits, a trader should maintain. Discipline makes you confident and helps to achieve your goals.
Confidence is very important
في
عام
Apr 29, 2021 at 08:40
Agreed, Confidence is very important in trading, And it comes with knowledge and practice only. Practice on demo and when you feel you are making consistent profit on demo then only shift to live trading.
Forex is a decent business
في
عام
Apr 28, 2021 at 11:16
Forex is a decent business only if there is no greed involved, most of the time trader greed for more and more money.
My Favourite pairs
في
التجار ذوي الخبرة
Apr 27, 2021 at 16:36
My favorite pairs are EUR USD and GBP USD because of their ultra tight spreads.
how to become a forex market conqueror
في
عام
Apr 26, 2021 at 08:22
Learn and practice as much as you can. Try to find your own mistake, rectify it and then trade again with a well defined strategy.
Forex Trading
في
المتداولون الجدد
Apr 23, 2021 at 08:24
PIP is the smallest unit of the price movement of a currency pair. For most of the currency pair one pip is equal to 0.0001.Lots is basically the number of currency units we buy or sell. The standard size of the lot is 100,000 units of currency.
Impulse Trading and How to Avoid It
في
المتداولون الجدد
Apr 21, 2021 at 07:58
Make a well defined trading plan and follow it patiently. Never do revenge trading, it will lead you to more losses.
Purpose of demo trading
في
عام
Apr 20, 2021 at 08:00
Demo trading is the best way to learn forex for the newbie and experienced trader use it for strategy testing, With demo trading you get aware of the platform, it helps to learn the chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Forex game is not business
في
عام
Apr 19, 2021 at 09:25
Yes Forex is not a game or gamble. In this time of pandemic where a lot of people are losing jobs, Forex has emerged as a great platform where people are taking it as a good path for income.
Money management is an integral
في
عام
Apr 17, 2021 at 08:49
Yes knowledge of risk management, price action, money management, chart patterns are important to become successful in trading.
There are lot of common mistakes
في
عام
Apr 16, 2021 at 07:51
Yes, choosing a broker is very important, but traders face withdrawal issues with regulated brokers because of their regulations.
profits in forex trading
في
عام
Apr 15, 2021 at 07:56
Yes people do make profits in the forex market, but there is no fixed profit or there is a fixed timeline. You have to be patient and precise to make profits.
Losses are a part of trading
في
عام
Apr 14, 2021 at 09:38
Market is very unpredictable, try to make a good trading plan and control your losses, Losses are unavoidable, learn from your past mistakes and try not to repeat that mistake again.
Some of the traders who fail
في
عام
Apr 13, 2021 at 08:08
Many times traders come here in order to make money easily and instantly, but they forget there isn’t any shortcut to get success. You have to learn a lot in order to get success and become pro traders. Greed is the major weakness in almost every trader, try to avoid it as much as you can.
Is trading for living possible?
في
عام
Apr 08, 2021 at 08:03
Yes I agree, With practice a lot you become a pro trader, it really takes time to earn that much so that living is possible.
When loss occurs
في
عام
Apr 07, 2021 at 08:01
Yes try to remove emotions as much as you can, otherwise it will lead you in more losses. Be positive, rectify your previous mistakes and then trade.
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