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Broker and regulations
v
Obecné
Apr 14, 2021 at 23:01
Regulation is an important factor when choosing a broker, but as I know not all brokers that regulated outside the US do not accept clients from US residents, maybe because of different rules in regulation, I don't know. now I use FXOpen as I know regulated in ASIC, FCA, and Cysec, already 15 years in the market.
When a trader is a newbie
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Obecné
Apr 12, 2021 at 21:30
All trader came from newbie stage, although any trader they start to learn forex in the same time, but the achievement of trading result will different, there is a trader that has better speed in the learning process, but there is a trader with low speed in the learning process. as newbie use micro account is safer than standard account
Spreads
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Obecné
Apr 11, 2021 at 22:19
Trader forex usually will like if the broker has low spread because giving an opportunity to making profit quicker, but besides spread also quality instant execution also affected to the result in trading, if a trader wants to open and close order, fast execution more preferable than delaying execution.
Is trading for living possible?
v
Obecné
Apr 08, 2021 at 23:41
I think there are so many traders that look on positive views regarding forex business, trading for living becomes the dreams of all trader, but because each trader has own capability to make money in the forex industry, the result may vary for each trader, and in every business, they have own success story and fail story inside the business, its general thing, but success in forex, not only for the trader but the investor also have opportunity to succeed if they can follow profitable funds manager to investing their money.
Need to know the truth
v
Noví obchodníci
Apr 07, 2021 at 22:54
I think we can use leverage based on the needs, a retail trader that starts with small capital choosing high leverage might boosting opportunitiesbut should to use proper position size due to high leverage allow trader use small margin to get a higher contract
Forex trading
v
Noví obchodníci
Apr 06, 2021 at 23:30
There are so many sources to learn about forex trading, maybe babypips is one popular site where so many traders around the world learn from the site with fun sentences, there are start from basic education then practice in demo account trading, if we want to learn forex, first I think we need to love with this business-like as you love to your girlfriend, sometimes you make a sacrifice, and its because love
Fear is the greatest reason
v
Obecné
Apr 05, 2021 at 23:49
I think not only fear that endangers account, but also greediness in trading, high expectation with the higher risk taker, but fear if placed on right time can protect the account, it's mean if position already moves away from early prediction then fear losing more and decided to cut loss rather than hold position in uncertainty condition. but if fear without the right reason indeed will mess up the overall trading plan, and it's not good for trading performance.
When loss occurs
v
Obecné
Apr 04, 2021 at 23:24
Loss is something that not expected, but sometimes inevitable, before losing big in single trades, prepare for the risk with a risk management plan, maybe can use stop loss, or trailing stop or cut loss manually, forex trading like as managing money to make money, if already finding profitable method, hence when money make money will achieve wealth
Choosing a pair
v
Obecné
Apr 03, 2021 at 02:22
Since in beginner trader, most experienced trader suggested to choose pair with a low spread like as EURUSD, USDJPY, and till now I like with those pair too, but in my daily trading usually open multiple pairs, like as EURUSD, EURJPY. GBPJPY, GBPUSD, sometimes I work correlation between pair
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