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When loss occurs
في
عام
Apr 22, 2021 at 11:02
To deal with emotions practice meditation and yoga, this really helps.
Purpose of demo trading
في
عام
Apr 22, 2021 at 11:00
Generally, demo account must be with the broker with whom you will be start your live trades as this will help you to understand their platform. But now a days even experienced traders practice on demo account just to tune themselves with current trends.
Over-trading is a very harmful
في
عام
Apr 22, 2021 at 10:55
Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.
Fundamental analysis will always
في
عام
Mar 24, 2021 at 08:54
Yes you're right. That's why I always stick to the economic calendar for the major events.
When loss occurs
في
عام
Mar 24, 2021 at 08:51
This is the biggest enemy of a trader. I always try to keep my emotions away from the forex trading by back-testing the strategies for desired time frames which gives me confidence while trading.
It is a very wrong idea
في
عام
Mar 24, 2021 at 08:45
Agreed and even some of the experienced forex traders prefer to trade with trend. I think we should adjust the sails according to the direction of wind not against it.
Over-trading is a very harmful
في
عام
Mar 24, 2021 at 08:40
To get rid of over trading, trade with stop losses it help to reduce the downside risk.
Profit target?
في
عام
Mar 09, 2021 at 10:43
Trading for 20 pips is sufficient for me with a few hours of brainstorming sessions on forex trading. I keep in mind that my greed must not eat my earnings. I close the trades and rest.
New and undisciplined traders
في
عام
Mar 09, 2021 at 10:43
Absolutely right! New traders always remain in a hurry in making profits rather than focusing on learning. Getting green signals and making profits on forex demo accounts doesn’t mean that you are now pro, even experienced traders always try to explore new techniques to manage their risks. Focus on learning with skills. Rest experience will help you in the long run.
When a trader is a newbie
في
عام
Mar 04, 2021 at 11:22
I think a trader is still a newbie if he has no knowledge of the forex market although he is trading on call and trade. The real trader is the one who is trading on forex with his skills. The tag of newbie can only be removed with experience.
Demo is a big opportunity
في
عام
Mar 04, 2021 at 11:21
Demo trading can’t be ignored if you want to reduce the risk on your trades. It is not necessary that you are new to trading then only you should practise on demo trades. I still tune up my trading skills on demo accounts to enhance the forex trading skills.
Basic mistake we make
في
عام
Mar 02, 2021 at 16:01
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Scalping is good
في
عام
Mar 02, 2021 at 16:01
New to trading and you are thinking of scalping? I would suggest you to think twice before doing that, because scalping is very difficult to the point where even some experienced forex brokers do not recommend them. You can try scalping in demo trading and see if you are confident to try that out in real account.
Luck or Hard Work?
في
المتداولون الجدد
Feb 24, 2021 at 11:09
I think both, but the ratio may vary, luck only will be in your favour if you have done some amount of work in that direction. There is no substitute for hardwork, you have to do that.
In trading everyone should have some rules
في
عام
Feb 24, 2021 at 11:08
Ofcourse! The financial goals and risk taking capacity of each trader is different and so are the rules. For example, for the risk management part, every trader should work on analysing the amount of risk he can take and then try to trade in that limit.
THIS THREAD WILL SAVE YOU 3 YEARS AT LEAST OF YOUR LIFE IN THE MARKET
في
عام
Feb 19, 2021 at 12:12
Thanks for sharing this information and will look for more updates from your side.
Forex your second source of income
في
عام
Feb 19, 2021 at 12:12
Yes, for me it is! This gives me financial freedom.
Need to know the truth
في
المتداولون الجدد
Feb 18, 2021 at 12:06
Yes there are some compliance that have to be followed by forex brokers. But choosing one of the brokers is a very important task. I would recommend that shortlist some of the brokers and make comparisons between them.
Leverage is important
في
عام
Feb 18, 2021 at 12:05
Yes it is, you can’t open big positions with actual balance unless you are a big billionaire like Bezzos! I found this as a fantastic tool but if used with proper knowledge as this can wipe off your account balance too in times of unfavourable trade conditions.
We should not think
في
عام
Feb 17, 2021 at 10:42
As a trader we should not think much of prices going up, this can lead to generate a greed factor in us. We should know when to timely open/close the position.
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