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People come into trading

Por UweMoench Jan 17, 2021 at 11:40

People come into trading with all kinds of false hopes. They think that one day they will make one big trade which can earn them such a huge profit allowing them to comfortably live their life later on without any need to earn money. There is a special role of marketers in reinforcing this unrealistic belief. Traders believe they can directly jump ...

12 Replies 877 Visualizações

Última postagem feita por pipham Dec 30, 2021 at 04:34

Becoming a Forex Expert requires

Por Michihito Mar 02, 2021 at 11:37

I see maximum novice traders try to make money without learning! That’s the main reason of having the 95% statistic! Without knowledge, I mean trading knowledge- Forex is impossible!

38 Replies 2,568 Visualizações

Última postagem feita por UweMoench Dec 30, 2021 at 04:29

zero spread brokers needed

Por woolkan Feb 22, 2021 at 16:06

i am convinced that zero spread is a myth even if there are some brokers who offer to claim 0 spread but people should understand that their commission is already peaked up. So better go with low spread brokers like fxview, icm or pepperstone may be. Do look out for swaps as well.

58 Replies 3,781 Visualizações

Última postagem feita por Gabriel99 Dec 29, 2021 at 10:45

Your Gain

Por siya1989 Oct 02, 2020 at 08:06

Making consistent profit is not so easy. you need to have proper knowledge and experience.

19 Replies 1,343 Visualizações

Última postagem feita por SteveHanks Dec 29, 2021 at 06:00

There are three things

Por Michihito Dec 08, 2020 at 13:28

Proper knowledge is very necessary to survive in this market.

18 Replies 1,374 Visualizações

Última postagem feita por SteveHanks Dec 29, 2021 at 05:23

myfxbook is doing a great job

Por manager Aug 23, 2010 at 08:42

The account tracking tools are very useful and insightful for sure. Enjoy coming into the forum too.

31 Replies 2,370 Visualizações

Última postagem feita por sebking1986 Dec 28, 2021 at 11:12

What type of trader you are?

Por Dictiony Apr 29, 2020 at 07:44

Scalping in money management gives traders the freedom with a small target, but dropped out when a few pips profit only, and this can make convenient and secure capital

47 Replies 2,705 Visualizações

Última postagem feita por UweMoench Dec 28, 2021 at 03:12

Many traders think stop loss

Por UweMoench Mar 10, 2021 at 14:58

I don’t see trading without a stop loss a problem. The purpose of a stop loss is to minimise risk. It’s part of risk management. All beginners shouldn’t trade without a stop loss.

25 Replies 1,770 Visualizações

Última postagem feita por Nakedize Dec 27, 2021 at 05:52

Is math important for trading?

Por UweMoench Dec 13, 2020 at 11:33

Math is important. You won’t be able to understand anything if you don’t know basic math. But you won’t enter trading if you don’t know what profit means. If you know what profit is, you definitely know addition, subtraction, multiplication and division. If you know this much it should be enough. You also don’t need to...

40 Replies 3,271 Visualizações

Última postagem feita por davemack Dec 24, 2021 at 03:52

Hedging

Por Mohammadi Sep 25, 2017 at 06:29

Hedging is a very complicated thing. I mean that you can learn trading from that kind of resources where everything is explained to the non-professionals, but hedging requires some serious background and knowledge. You cannot get the information about how to hedge your deals in a step-by-step instruction. You should also be able to make some sort o...

28 Replies 2,219 Visualizações

Última postagem feita por Bullta Dec 23, 2021 at 19:57

Long term trading

Por UweMoench Feb 21, 2021 at 12:32

I don't think it will lead to long term losses instead it will help protect your account from further loss.

11 Replies 996 Visualizações

Última postagem feita por Akasuki Dec 22, 2021 at 05:39

Defination of a Good Trader?

Por forex_trader_48574 Oct 09, 2011 at 08:11

A good trader knows how to manage risk and thinks both about risks and profits associated with a trade. He knows how to take control of his emotions and act decisively.

48 Replies 4,217 Visualizações

Última postagem feita por whitneytyler Dec 22, 2021 at 04:54

Customize your strategy

Por UweMoench Nov 06, 2020 at 13:08

This is so on the money and something a lot of new traders don't grasp as they are looking for the shortcuts to able to get into the markets and justr start pulling money out. Truth is there are no shortcuts and the process of creating your own bespoke strategy takes time whether you submit to that or not.

16 Replies 1,165 Visualizações

Última postagem feita por sebking1986 Dec 17, 2021 at 13:40

Unrealistic expectation causes

Por UweMoench Jan 12, 2021 at 13:42

On the other hand, if you correctly set targets and achieve them, this will greatly affect the trading process, discipline will grow, the trading plan will be more structured, and the results will become more stable. In addition, achieving goals trains the body well through the action of hormones, which are produced as a reward for achievement.

34 Replies 1,975 Visualizações

Última postagem feita por MarcellusLux Dec 17, 2021 at 11:10

What makes a coinexx better than Hugos Way

Por corym2217 Oct 06, 2020 at 16:17

Both are low spread brokers but there’s a big difference in the commission they charge, it is $2 rt with coinexx and $10 rt with hugosway. Plus coinexx offers mt5 and acttrader platforms as well besides mt4. However it’s best to test them out on a small account, both have low min deposit requirements.

13 Replies 1,985 Visualizações

Última postagem feita por jonathandaniel Dec 17, 2021 at 10:21

Broker for Canadians

Por agrijatt10 Jun 05, 2019 at 06:32

Being the most important part of your career, you have to make sure that you choose your broker properly. Consider all that would make your trading easier and hassle-free and make your choice in accordance with that.

24 Replies 1,799 Visualizações

Última postagem feita por blancheklein Dec 14, 2021 at 06:05

Are you a full time trader?

Por forex_trader_2237169 Jun 25, 2021 at 15:09

It is not a good idea to start trading forex full-time before gaining proper knowledge and sufficient knowledge in the forex market.

31 Replies 1,657 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 21:08

Why demo is easy?

Por UweMoench Sep 19, 2020 at 13:49

Demo accounts won't prepare you for losses.

99 Replies 5,311 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 21:01

Top 5 Fundamentals of Forex Risk Management

Por NzeCapitalTrades Jul 31, 2020 at 10:40

In order to be profitable, you need your overall wins to make you more money than your overall losses.

21 Replies 1,659 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 11:00

Investing in Forex

Por HenritteC Apr 30, 2018 at 06:27

Forex is for investment not for gambling. If even you are short term trader, you have to treat it from a business point of view.

177 Replies 8,694 Visualizações

Última postagem feita por UweMoench Dec 09, 2021 at 07:16

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