To use chat, please login.
Back to contacts

Forex Tips

May 06, 2019 at 07:53
4,838 Views
109 Replies
Member Since Jun 09, 2021   44 posts
Sep 23, 2021 at 06:20
SteveHanks posted:
LyudmilLukanov posted:
Start with a demo and practice until you satisfy.
A demo is the best place to learn all the basics of forex.
Absolutely, and I would like to add one more point to it , avoid revenge trading at all costs, instead adopt sound strategies and trading plans.
Member Since Jul 19, 2020   751 posts
Sep 28, 2021 at 10:36
@marcusobrien Yes you are right. Revenge trading is a killer. We can't take trading decision out of emotions. Loss is a part of trading. If you lose a trade, wait for the right opportunity to open next trading.
Member Since Aug 10, 2021   178 posts
Sep 30, 2021 at 01:15
It's really crucial in currency exchange to use a continuous program or simply follow the protocols set up for this program to get the maximum profit. Let's assume that goes on to get the maximum profit available and all at once encourage their results.
Member Since Dec 20, 2014   45 posts
Sep 30, 2021 at 08:49
skihav posted:
There are so many different tips now that there shouldn't be any reasons for a trader to make mistakes.
Traders fail not because of lack of tips but because they can't follow them due to Indiscipline, greed and fear
Proverbs 22 vs 29
Member Since May 11, 2020   74 posts
Sep 30, 2021 at 10:44
Keeping your Risk to Reward Ratio to 1:2 is an ideal whenever you are trading. Will be useful for your trading in long time.
Member Since Mar 17, 2021   536 posts
Oct 03, 2021 at 05:36
skihav posted:
There are so many different tips now that there shouldn't be any reasons for a trader to make mistakes.
Making mistakes in this market is a common thing. Every trader has to make their mistakes as their learning things to become successful in this market.
Member Since May 04, 2019   26 posts
Nov 25, 2021 at 10:17
There are plenty of forex tups, Actually, every trader points tips by himself according to his trading style and strategy. Some strategies can imply rushing and it's okay, however i's not preferable for novices of course. Beginners should comply with several major and important tips, such as never open a position against the trend, always try to determine the price movement direction, never rush and never play with revenge trading. All of these tips in my opinion are pretty significant and can help new traders to save their money on their initial stages in trading activity.
Member Since Mar 17, 2021   536 posts
Nov 26, 2021 at 18:30
GraceGilm posted:
the main thing is to work according to a normal strategy and with a reliable broker, then everything will depend only on your skills and knowledge
Besides knowledge and skills, you need a regulated broker to make money from this market.
Member Since Jul 15, 2022   2 posts
Jul 15, 2022 at 04:02
AhmadAli89 posted:
Gracewilson1995 posted:
yes, there is no shortcut to be successful. One has to gain knowledge and practice
So true, it takes such a long time to learn Forex business! There is no shortcut way in there, in addition which traders try to make quick money here without learning, end of the day they are the losers!
have you tried copy trading?
Member Since Mar 28, 2021   617 posts
Jul 15, 2022 at 17:03
Forex is risky depending on what account you are using and how much leverage you usually take for every trade.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.