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Demo can not make you well experienced
v
Obecné
Jun 09, 2022 at 00:34
Indeed choosing the broker is a matter in forex trading because out there are so many brokers work as dealing desks broker, Choosing an ECN broker will prevent from requote problems compare the broker work as a dealing desk they can monopolize the price because they have their own liquidity, ECN broker forward order directly to interbank market
Most people fail because
v
Obecné
Jun 08, 2022 at 00:08
Yes indeed, there are so many reasons for the loss, we can learn and try to recognize the mistake as the cause of loss, in general mistakes or error may occur from internal resources and external resources, and internal resources can occur from our own mistakes like greedy, over trading, insufficient trading capital, fear of missing out, etc, while external resources included disconnecting trading server, dynamic market in the high volatility market
Forex market offers great opportunity
v
Obecné
Jun 06, 2022 at 23:54
Yes, forex giving good opportunity to make money, of course, trader need to choose a reliable broker to support trading conditions and secure transparency
Mind or Machine? What’s Better For Forex Trading?
v
Obecné
Jun 05, 2022 at 23:45
The machine created by humans is typically human better than a machine, however, each human has various intelligence and capacity, the machine is just like advisors in trading, profitable machine trading is created by the good trader, and programmers maybe collaborate to result in software.
The fear of losing opportunity
v
Obecné
Jun 01, 2022 at 23:47
Fear of missing out is a common problem emotions many trader, they tempted by price movement and want to catch the price when knife flying, this is not good idea and often proven will fail eventually, but how to overcome these mistake trader need to keep discipline trading, rules and apply risk management
Small investment
v
Obecné
May 29, 2022 at 23:51
CFD trading based leverage enables a retail trader to start with a small investment, however, to make a serious trading investment, their a difference between a small investment vs big investment, where a small investment has a low opportunity to open trades although uses the smallest risk, however in big investment possible increase opportunity with tight risk management.
When a trader is a newbie
v
Obecné
May 26, 2022 at 22:50
There is no shortcut to success in the forex trading business, all need passion to learn forex, spent more time in the learning process, how to manage account-based money management, how to choose trading instruments, how to determine buy and sell, when to determine exit, risk management use stop loss or trailing stop, etc.
Can you borrow money from the bank to trade forex?
v
Obecné
May 25, 2022 at 02:33
This is not a good idea to borrow money to invest in forex, although possible this is not recommended because the result today is not guaranteed will get the same result for tomorrow, while you need to pay loan installment monthly or daily basis, while possible risk the fund in account trading not growing even worse margin call account make bad life
What is a good business to get into?
v
Obecné
May 23, 2022 at 20:28
There are so many businesses that can become jobs, however, all need knowledge to start, at least know what they doing, besides mentioned above, forex indeed become one popular business based online where trade can work from home, however, this is a high-risk business, not all people success here.
Social trading apps and sites...?
v
Obecné
May 22, 2022 at 23:09
Maybe Zulutrade is included as one popular social trading app, but I am not yet used to or tried it out.
Can forex trading make you rich ?
v
Obecné
May 18, 2022 at 22:30
All businesses can make people become rich, become retailer goods, buying and selling properties, selling ice cream, chicken fried, etc, all depending on how to manage the business, in the forex world, there are a million traders around the world, but not all of them get success, even more, many of them get in failure, each trader has own success story and fail story in their experience.
cTrader vs MT4
v
Obecné
May 17, 2022 at 23:09
I know good reviews about cTrader, but my broker uses the MT4 trading platform and does not offer cTraderso I only use MT4 and never use cTrader.
Money Management Tips
v
Obecné
May 16, 2022 at 23:47
Expert trader usually suggested to limit risk only 1% from initial investment, however this is not apply on small or low budget trading, trader need to calculate position size that will be used and stop loss as the way to manage the risk, when trader start with low budget trading, first trade better get profit so it will make more strongest e
Small investment
v
Obecné
May 15, 2022 at 23:43
Yes agree, as baby grow up from the ground, when lack in experience and dont really understand how to trade, start free demo account, when little knows and curious, start with small investment, choose micro account as beginning stage, and keep in minds trading forex now, later and forever will remain risky, just spent money that afford to lose.
FXOpen Markets Limited
v
Brokeři
May 15, 2022 at 23:36
I have good experience with FXOpen, so I am proud with FXOpen logo. withdraw money processed smoothly, maybe the problem is my skills trading, I see trading condition also good, I like trade on gold,EURUSD, EURJPY, spread is competitive.
Good broker is needed
v
Obecné
May 12, 2022 at 23:05
When traders already found a suitable broker and are comfortable using their service, they will stick and become loyal traders in the broker, sometimes they are awarded by the broker as a loyalty program,
Can forex trading make you rich ?
v
Obecné
May 10, 2022 at 23:00
Eventually depending on each trader or manager fund skill and experience, forex trading can make many people become rich, but forex also can make any people become poor, there are hidden story certain trader want to suicide because get bankruptcy
Does forex strategies usually work>
v
Obecné
May 09, 2022 at 23:49
Should understand if forex trading included investment products in high risk, the market is dynamic and the strategy is static, on certain time strategy doesn't work, and trader needs to realize to protect account on these time.
Basic mistake we make
v
Obecné
May 08, 2022 at 22:38
Maybe not all trader likes to work in a demo account because less emotional pressure, but when trading in a real account lack discipline, how to develop good mindset as trader need to understand their own selves, the mistake is not something that must to scary, but mistake may give us a valuable lesson if we take care with this mistake, next will be a concern and trying to avoid the same mistake repeated again.
Indicators are useful but
v
Obecné
May 05, 2022 at 23:44
Almost technical traders usually use indicators as a helpful tool. but there is no perfect indicator, where each indicator has its own advantage and disadvantage, and not all traders like to use indicators, sometimes they prefer to learn how to use list-objects like Gann grid, trendline, etc.
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