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Trading in lower timeframes
v
Obecné
Aug 06, 2021 at 23:43
Trading use lower timeframe mostly used by scalping trader, almost timeframe used is M5, and M15, although some trader maybe uses M1, but very rare because giving higher noise in the analysis, meanwhile not all trader suitable with scalping, it could lead trader to fall in emotion if always fail.
Demo can not make you well experienced
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Obecné
Aug 05, 2021 at 23:36
Yes, of course, a demo account always becomes a good place to start learning for all beginners, practice in the demo account is one way to minimize the risk due unknowledgeable, although not involved emotion in the demo but actually good to learn how to manage money in uncertainty market condition, done backtest any trading system etc
Are you afraid to lose your trade?
v
Obecné
Aug 04, 2021 at 23:41
Experience will bring you in usual feeling when getting loss, different for the beginner trader, they may be still facing fear, anxiety when seeing their trades on loss floating, they hope the price will bounce and get to ride on the track to profit, experience trader usually already prepare the risk included in the plan, so they not too much worried with the loss
Loss
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Obecné
Aug 04, 2021 at 00:05
Yes, loss is sometimes inevitable, in trading, this is fairly happening, but of course, as traders needs to manage the risk, they can try to use various ways to minimize the risk, using stop-loss s common way to manage the risk, besides trader may use the correlation between pair to minimize the risk as hedging position
Not gambling
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Obecné
Aug 02, 2021 at 23:43
Forex trading is not gambling, but forex is a risky business, how to make money in forex trading required special skills to become a profitable trader, they need to improve good trading strategy, good money management, and also0 strong psychology trading, if trader working forex trading like as gambling, they can rely upon luck only.
Money Management Tips
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Obecné
Aug 01, 2021 at 23:42
Yes, in every trader will open entry, the trader need a reason why they open entry, not only because fear of missing out, but based on trading rules their trading system, if trading based indicator before make new entry make sure if indicator really confirmed new signal, if not yet get the signal don't trade, this is way to learn how to keep discipline
Is forex trading really worth it?
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Obecné
Jul 30, 2021 at 00:10
Forex and crypto trading both is risky, where the money will depending on the skill each trader if they can mastering knowledge about trading currency pairs, forex is one business that will provide the money, but if like to trading crypto, they also need to understand for fundamental crypto market beside technical data analysis.
What is your favorite leverage?
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Obecné
Jul 27, 2021 at 21:04
if already use big capital, low leverage is safer than high leverage, usually I am using leverage 1:200.but most trader PAMM likes to use 1:100
scalping anyone??
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Obecné
Jul 26, 2021 at 23:07
I am now use scalping ea to help to trade, its work with taking profit only 15 pips and based martingale hedging trading system
Forex is the biggest financial
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Obecné
Jul 25, 2021 at 23:05
Yes, forex is the biggest financial market, in the daily market occurs in a billion-dollar transaction, but for trader forex included risky business, without good knowledge and experience, will difficult to make a consistent trading profit, choosing low spread broker and regulated is important to minimize scammed by broker.
backtesting
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Obecné
Jul 22, 2021 at 22:54
Backtesting forex robot or new indicator is a good way as early screening to finding good trading software, I think to backtest in demo account we can adjusted deposit amount
News trading is very tempting
v
Obecné
Jul 21, 2021 at 23:08
If traders don't want to take a risk, avoid news trading, because the impact of the news often making the price move high volatility up and down rapidlyif you having bad emotional control, mews trading is dangerous
scalping anyone??
v
Obecné
Jul 21, 2021 at 00:43
Scalping needs a good broker with fast instant execution, I am sometimes trading scalping in my FXOpen broker, usually, I like to close order using the X symbol on the right column. It's a quick way to closed an order instead click right on the ticket order to close.
Are you a full time trader?
v
Obecné
Jul 19, 2021 at 22:50
I think its a good plan business, if we have various sources of income it will like to diversify capital not only in one placeForex trading is cool but risky, but still, possibly get success in forex.
Best forex broker for scalping and zero spread?
v
Obecné
Jul 18, 2021 at 23:37
I use FXOpen broker for scalping robot, the company regulated on ASIC< FCA and Cysec, offer low spread mainly on the USD pairsinstant execution very fast no delay, good for scalping in my experience use robot scalping.
Are you a full time trader?
v
Obecné
Jul 15, 2021 at 23:02
Although now I am relying on earning from forex business, I am not a full-time trader, only working forex has spare time usually amid busiest with children then take time to spend for forex, forex trading is really cool business
Follow the rules and Don't lose your money.
v
Obecné
Jul 14, 2021 at 23:45
Yes I think very important to follow the rules trading, sometimes the most mistake over trader is they lack in discipline, sometimes making a repeated mistake over and over again, trading forex is not short term business but because this for long term business, a a trader must treat trading as real business and not only like a game
Money Management Tips
v
Obecné
Jul 13, 2021 at 23:38
Money management is included in early trading preparation before making a deposit trader need to watching the amount saving money, don't use all saving money in forex but only spent money that affords to lose, money management in trading included how to chose position size, meanwhile, risk management is preparation about the risk, usually trader using stop loss to manage the risk.
profits in forex trading
v
Obecné
Jul 12, 2021 at 22:56
If trader still not yet achieved their goal, the good motivation is don't give up, still many opportunities to make money through forex trading, if not yet ready in real trading account using a demo account, or micro account for low-risk trading
profits in forex trading
v
Obecné
Jul 11, 2021 at 20:38
All traders wants to make profit in every day trading, but not all trader able to making profit, because risk also as part in trading, how to making profit in trading required good trading sill in determine entry and exit point, trader can get the best time to entry and exit
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