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How to trade effectively in forex?
Membro Desde Jul 20, 2020
172 posts
Membro Desde Jul 20, 2020
286 posts
Membro Desde Sep 18, 2020
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Membro Desde Sep 30, 2020
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Membro Desde Jul 20, 2020
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Membro Desde Sep 27, 2018
2 posts
Nov 12, 2020 at 09:01
Membro Desde Sep 27, 2018
2 posts
Start by subscribing to the youtube channel,
The information provided here is very detailed.
https://www.youtube.com/channel/UCiTFIPLu6dg1JiCBzTk1U_A/playlists?view_as=subscriber
There is no indicator, or robot that will make you consistently or sustainably profit over many years. The only way to be a true investor in Forex is to teach yourself with the right material. All those marketing, their 10 houses, Ferraris, Lambo's, Holiday in paradise. Are selling you something unrealistic as a new trader.
You can also join our Telegram group for more advice:
https://t.me/chat_4xsolutions
The information provided here is very detailed.
https://www.youtube.com/channel/UCiTFIPLu6dg1JiCBzTk1U_A/playlists?view_as=subscriber
There is no indicator, or robot that will make you consistently or sustainably profit over many years. The only way to be a true investor in Forex is to teach yourself with the right material. All those marketing, their 10 houses, Ferraris, Lambo's, Holiday in paradise. Are selling you something unrealistic as a new trader.
You can also join our Telegram group for more advice:
https://t.me/chat_4xsolutions
Be your own best investment.
Membro Desde Oct 13, 2020
27 posts
Nov 12, 2020 at 10:13
Membro Desde Oct 13, 2020
27 posts
Backtesting is crucial. Whenever you create a new strategy or using an automated one, test it once on the currency pair you want to trade. I have been doing it for USDCAD with Axitrader. I suggest to use less volatile pairs at first and then step to exotic pairs. I didn’t trade with AUDUSD as I wasn’t much convinced with the historical data I downloaded. You can do it on either of the platforms - mt4 or mt5.
Membro Desde Aug 17, 2020
121 posts
Nov 12, 2020 at 15:55
Membro Desde Aug 17, 2020
121 posts
I also think that no newbie should quit their job and try trading full-time rightaway. There is a lot to learn and practice before you can get consistently profitable, and it also takes capital to be able to start to make a living. As a long-term plan, though, trading instead of working a job you don't love sounds great, good luck with it!
Membro Desde Jul 19, 2020
283 posts
Membro Desde May 24, 2019
10 posts
Nov 16, 2020 at 11:50
Membro Desde May 24, 2019
10 posts
As has been said above to be effective at trading (or anything) you need knowledge. Without that you are just gambling. I am trying to learn (and take my time about it), rather than just jump in and loss all my money on high risk trades
Dec 03, 2020 at 11:11
Membro Desde Mar 23, 2020
63 posts
Gareylinn509 posted:
When you are knowledgeable, you are already prepared for the typical situations. And when you are overconfident, you miss even the most obvious steps.
Agreed. That line between confidence and over confidence just makes all the difference.
Membro Desde Jul 19, 2020
283 posts
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286 posts
Membro Desde Feb 07, 2020
2 posts
Dec 08, 2020 at 09:55
Membro Desde Feb 07, 2020
2 posts
I, too, are on a similar path like all newcomers to trading. But I've already spent a lot of time to figure out what's what. Everything is both simple and complex at the same time. I realized that I need to study a lot and if I want to earn decent money, I need to become an experienced trader.
Dec 10, 2020 at 06:11
Membro Desde Apr 18, 2020
55 posts
LeviSievwright5 posted:
Yes, you are right, emotion and greed are the same. It is not possible to make a profit in trading if there is emotion. Similarly, greed completes similar activities.
Agreed, both emotions and greed can pull back a trader equally. Working on these is too important in forex.
Membro Desde Nov 16, 2020
4 posts

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