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Is Forex risky?
v
Obecné
Jun 17, 2022 at 11:52
No way is an easy way of making money. You have to work towards success. If you don’t work upon finding what went wrong with your trades, you won’t really learn. You may think that you have already spent years on learning but the real experience comes from live trading. It is risky and you have to protect your account.
Most people fail because
v
Obecné
Jun 16, 2022 at 12:42
There are only a few successful traders in this market and the majority of these traders fail when it comes to investing in forex. It’s obvious that trading in forex isn’t the easiest thing in this world and you must be hard working. Traders often have several scary thoughts about losing whatever they have and the overall failure of the trade. It is the basis of reading psychology but is often disregarded. Traders often allow emotions to meddle with their projects. Your trading decisions should not be controlled by emotions else you will face losses. Often traders don’t follo...
Demo Trading Advantages
v
Obecné
Jun 15, 2022 at 09:49
The benefits of using a demo account are listed below:1. It allows you to see how price action develops and understand the risks inherent in leverage.2. It allows you to understand how the platform works and get a feel for the broker's trading conditions.3. It allows you to develop trading strategies.4. You will not lose real money if you make losses due to wrong decisions.5. Demo trading helps in making a number of complex decisions, which are rewarded with a hypothetical profit, and has a big significance for building confidence. This way a beginner starts to feel that he could do t...
Demo can not make you well experienced
v
Obecné
Jun 13, 2022 at 11:45
Demo can make you experienced. All you need is the same dedication you use in live trading.Live trading is the real test. When you trade with real money, you get emotionally attached to it. When we're attached to something, we make mistakes. A demo account can only help you learn the trading and test your strategy.
Most people become unrealistic
v
Obecné
Jun 13, 2022 at 11:45
The most common misconception about forex is that it can make you rich very quickly. But in reality, patience, strategy, and practice are the keys to success. There's no point in expecting too much from the foreign exchange market.Most people want to make money in Forex without putting in any effort or having any prior knowledge, but this is simply not possible.
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