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MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
في
عام
Aug 01, 2022 at 13:47
Oh I would say use both MT4 and MT5 platforms and then choes what do you like. 😀😀
What is the importance of knowledge?
في
عام
Aug 01, 2022 at 13:43
Oh in general, you say the right things. But I do not agree with everything. As for me now the knowledge about forex obtained from books is too old-fashioned. Time goes by, stock markets change, CFD's changes. Now there is a different trading methods and other methods of earning. Therefore now it is more correct to receive new knowledge directly on Forex forums, lmao.
Fundamental works 100%
في
عام
Aug 01, 2022 at 13:37
Oh if it works for you ok. I have prefered intraday trading. And techncal analysis is excelent for me. But for long-term trading I do not have enogh knowledges I think. I need to spend more time studying fundamental analysis. And I need to do a more in-depth technical analysis than I do now.
Demo can not make you well experienced
في
عام
Jul 28, 2022 at 12:21
Oh can a live trading account can make you experienced?? Unless it makes you experienced in losses. No matter how someone shows off, but you cannot do without a demo account. 😉
Fundamental works 100%
في
عام
Jul 28, 2022 at 12:16
Oh fundamental analysis is works. As the technical ones. But fundamental analysis is so confusing and requires very vast and deep knowledge. Technical wins in this regard. It is easier for traders and therefore it is used more often. Oh even I prefer technical analysis. But technical analysis is more suitable for short-term trading. If you really like long-term trading, then yes, fundamental analysis will help. Go ahead.
Different approaches of trading
في
عام
Jul 28, 2022 at 12:11
Oh how can you combine scalping and long-term trading?? These are absolutely two opposite ways of trading. And for them you need to select different trading strategies. And maybe even different trading indicators. How do you manage to connect them? As for me scalpers are not able to trade for a long period at all. Not enough nerves to withstand at least one minus pip.
Can forex trading make you rich ?
في
عام
Jul 28, 2022 at 12:05
Oh of course each trader may be rich. The whole secret is that you have good capital from the very beginning. And also the brain, so as not to lose this capital. 😄😄😄Do not forget that it is important to have a well-practiced trading strategy. Moreover, it is even necessary to constantly improve it. And also quickly react if the strategy starts to fail and you lose.
Selling of profitable EA make sense!?
في
عام
Jul 19, 2022 at 18:14
Oh selling EA make sence if you want the fast money and know those who want to buy one. In other cases I do not really believe guys who are selling EAs. Cheers.
How much should you invest in trading
في
عام
Jul 19, 2022 at 18:09
Oh I would like to say the best invested amount to start is $1000. Because if your amount much less you need the leverage about 1:200. And as I know not every broker can provide you with this. And of course do not forget about your trading strategy. That also includes a certain amount of investment.
Why are some traders successful?
في
عام
Jul 19, 2022 at 18:01
Oh of course. Only thanks to the constant pumping of one's skills does that trading experience appear, which then bears fruit in the form of profit. You're right.
Does forex strategies usually work>
في
عام
Jul 14, 2022 at 12:10
Oh forex strategies work of course. It can work on profit or loss. So do not believe those who says it does not work.
Why are some traders successful?
في
عام
Jul 14, 2022 at 12:03
Oh I recently read a great book. And it said that if you want to become a professional in your field, it is important to do it successfully for 10,000 hours.Yes Yes exactly.And here are all your words @NewCityTrader about this.About a long time of learning, about the first profit, about the first tangible losses. It's all about it.So I can give any newbies trader one piece of advice, trade and devote time to trading for at least 10,000 hours.
Psychology
في
عام
Jul 14, 2022 at 11:45
Oh trading is not based only on psychology. First of all you must understand how forex markets works. How can you trde. How to make analytics. And do not forget about trading system. Yes psychology is important. Most of all it depends on your psychotype. How much your psyche is resistant to any stress. But it is on the second place.
Small investment
في
عام
Jul 14, 2022 at 11:34
Oh what is small investments??? I know something like MAM or PAMM.
The secret behind Trade, lies in the meaning of the word
في
عام
Jul 14, 2022 at 11:21
You live in some kind of utopia. Anyone who trades may call themselves a trader. Even if this trader is trading loosing and he cannot stop in time. He is still a trader.It is impossible to always trade only profitably. Impossible.
Is Forex risky?
في
عام
Jul 05, 2022 at 08:09
Oh there are risks everywhere. Including forex. But at the same time, starting to trade in any broker, you must accept the risks that may arise. Nobody is immune from loss. But we are all adults. If you are unable to accept this, then you should not start trading forex.
Forex is not scam
في
عام
Jul 05, 2022 at 08:02
Oh one says forex is gambling, others say no, it's marketplace. I think forex is really marketplace for trading. Somebody has profit there, someone not. Moreover, forex provides various opportunities for earning. Even if you don't know how to trade, you can always invest. This can be especially good for newbies.
What Geopolitical Risk Really Means to Your Trading
في
عام
Jul 05, 2022 at 07:49
Oh geopolitacal situation is changing too fast now. Conflicts, wars, etc. Now many traders do not feel safe. Since the threat can now come from anywhere.And what about trade? Now many traders should reconsider their strategy. As for me, the geopolitical situation greatly affects the market as a whole. And the situation is changing so quickly that it is difficult to predict the movement of the market for more than a couple of days.So right now I would prefer only intraday trading. And don't forget to set SL and TP.
The secret behind Trade, lies in the meaning of the word
في
عام
Jul 05, 2022 at 07:38
Oh you make so deep analysis of the word 'trade'. Is it really enough to be profitable?For me trade is about trading. In general, you must have deep knowledges of forex. Know the history of forex trading. Know at least technical analysis. And of course, you should know how to open order and what leverage to choose.
Leverage is useful or not ?
في
عام
Aug 19, 2021 at 14:23
Oh surely leverage is important. Because of leverage you can trade with lower money, if you need to. But the higher lewerage means the higher risks. So think about it.
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