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Most people become unrealistic
Em
Geral
Jun 15, 2022 at 04:43
Yes, you're correct. The majority of people that enter the Forex market do so in the hopes of making a quick profit, which doesn’t always work.
Is forex is best source of income?
Em
Traders Iniciantes
Jun 09, 2022 at 04:50
The actual answer relies on the traders who are directly involved in forex trading for a long year. For a wise trader, it's the best source of earning huge money. But for a beginner, it's quite uncertain.
Demo can not make you well experienced
Em
Geral
Jun 08, 2022 at 03:55
That’s quite understandable. A demo account is a mere simulator that prepares you for the live market by giving you an idea of how the live market looks. But in no way, it tells you how the live market is moving so that you can practice your strategies and get the exact results. You have to put your money at risk to be sure about how you wish to move ahead.
Fundamental works 100%
Em
Geral
Jun 07, 2022 at 05:25
When you are a trader, I don’t think you need an in-depth knowledge of the market events happening around. You will be good with just the basic knowledge until the news is specifically about the currency pair or economy you are trading.
Money Management Tips
Em
Geral
Jun 06, 2022 at 04:24
Money management is indeed crucial in forex trading. But many new traders ignore the 2% rule and end up risking a major portion of their capital to make more profits. And this results in many of them losing their entire capital in no time. If a trader is not good with money management then we cannot expect them to be successful in the long run. Minimizing losses and limiting the drawdown is important to survive in the forex market. It is better to grow at your own pace with little profits rather than making huge losses while trying to be a part of the rat race. Never ever risk more than what y...
Learning Forex Trading
Em
Traders Iniciantes
Jun 06, 2022 at 04:24
With the advancement of technology and the internet, knowing and learning about the forex market, trading has become comparatively easier. Yes, one has to put in time and effort to acquire knowledge. But any information that you need is freely accessible. So we all need to take advantage of this opportunity and focus on learning well. But applying the learned knowledge into your trading decisions is the real challenge. And one who is good at this is called a skilled trader. Having knowledge is useless unless you know how to use that knowledge. Theoretical knowledge alone cannot help in forex t...
Gold broker recommendations
Em
Geral
Jun 02, 2022 at 13:08
For gold trading, you can consider fxview, avatrade, xtb and xm.
What do you learned while trading?
Em
Geral
May 23, 2022 at 09:12
As I continued this thrilling journey of forex trading, I learned the importance of being consistent. Without consistency, any trader will give up on the market due to lack of hope. They won’t stay long enough to learn new things about the market and how to master it.
Forex is not scam
Em
Geral
May 20, 2022 at 04:36
Of course not. The forex market is real and legit. The online forex market has been existing for a very long time. The reason why some people have this misconception that the forex market is a scam is because they failed in earning profits. The reason is not whether the market is legit or not but insufficient knowledge of a trader.
Ready made strategy doesn't
Em
Geral
May 20, 2022 at 04:31
Ready made strategy is not beneficial and every trader must develop their own strategy that suits them the best. It is not mandatory that if the same strategy worked for other traders then it will work for you as well. Also, using ready made strategy will never allow you to develop your trading skills proficiently. Every trader must create their own strategy with their psychology, personality, and financial goals.
Trading for the long-term
Em
Geral
May 19, 2022 at 05:47
Before deciding to trade full time or part time you need to know which suits you the best according to your strategy. If your system is built strong and durable and you’re ready for any kind of market behavior then you can definitely trade forex as a full time trader. The market is highly volatile and every trader must have their own strategy that suits them the best for carrying out profitable trades. If you do not have a long-term strategic plan then you can never earn profits.
Is trading hard?
Em
Geral
May 17, 2022 at 05:19
Trading is hard in the beginning, but once you get the hang of it, you can crack it.I personally don't find it hard anymore, and that's because I've been trading for years now, and it's honestly helped me out a lot. Don't be crazy with your money, and don't treat it lightly.
GOLDEN Rules of Profitable Trader's
Em
Traders Experientes
May 17, 2022 at 05:18
When you build a trading plan, make sure that it is in accordance with your trading goals. Anything that you don’t understand may take your trading career in the wrong direction. And don’t forget to incorporate a risk management strategy into your plan so that you are not going beyond your risk appetite.
Various Reasons why ppl use a lot of brokers.
Em
Geral
May 13, 2022 at 13:34
I tend to keep things simple, so I’d say it’s better to use a single broker. For me, it has been fxview from the beginning.
Whats your opinion on the most important aspects of a trading system
Em
Traders Experientes
Apr 12, 2022 at 08:21
It has to be your strategy. Your strategy is not less than the soul of your trading plan. It doesn’t only tell you when to move but also when to stop. It tells how many trades you should execute and when you should close your trading positions. And it also tells you how much you should use per trade and how much you can afford to lose.
Forex Trading Psychology: Levels of FEAR
Em
Traders Experientes
Apr 12, 2022 at 08:17
I think we should really move over the thought that fear is the wrong thing when it comes to forex trading. But what if a trader is so fearless that he keeps taking unnecessary challenges just to lose money later? Don’t you think that being fearful would keep a trader from taking unnecessary risks and trading safely?
lost
Em
Traders Iniciantes
Apr 08, 2022 at 04:22
You have to set trading rules for yourself. Otherwise, you will keep making moves that you shouldn’t be. Consider backtesting and forward testing your trading strategy so that you can build a trading plan and follow it to avoid all types of distractions.
Don’t Let Your Emotions Dictate Your Forex Trading
Em
Traders Iniciantes
Apr 08, 2022 at 04:11
How you are as a person surely has an impact on how you trade! If you learn emotional control in your daily life, you can control them in the live market also. All you have to do is make up your mind to follow the trading plan and not go beyond it.
Forex Courses
Em
Traders Iniciantes
Apr 08, 2022 at 04:09
Forex trading is the same no matter whether you study from a paid course or from free knowledge on the internet. The outcomes depend on the efforts you put into your career-building process.
Any 500 to 1 leverage brokers left?
Em
Geral
Apr 06, 2022 at 10:47
Sure, there are. In fact I am using a regulated broker Fxview. However, they only provide 500X on major pairs, for cross pairs, it is 300X.
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