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Risky business
v
Obecné
Oct 03, 2022 at 04:06
There is no denying the fact that forex is risky. But it is all about finding out how you can manage the way you use your money for trading. Losses will always be there but you can control them by not risking more than your affordability.
Is trading hard?
v
Obecné
Oct 03, 2022 at 04:05
Yes, it is quite hard. But if you know how to trade properly, you will know how to maintain a balance between your wins and losses. Keep in mind that you will never lose more than you can afford to lose. So, keep your risks low until you are sure about your skills.
What's your recommendations on brokers for scalping? Based on experience
v
Zkušení obchodníci
Sep 29, 2022 at 10:57
Spreads are pretty good on turnkey forex and lqdfx as far as my trading goes with scalping. Plus you get leverage of upto 500x, so that’s an extra for me.
Emotion in Forex trading
v
Obecné
Sep 23, 2022 at 09:51
Emotions have no place in trading. There is a chance that some people will succeed while others fail. After you accept that, you can turn into a cold-blooded machine.
What do you learned while trading?
v
Obecné
Jul 26, 2022 at 12:22
Trading is a lifelong learning process. Your prior experiences may aid you in quickly grasping concepts and coming to informed decisions. But each time, the amount of effort required to make a profit must be the same.
Forex trading is a work for professional
v
Noví obchodníci
Jul 25, 2022 at 11:14
Forex trading is a job for professionals. Professionals make more money in the market on a regular basis. However, for a newbie, it is not too hard to be a professional trader. All it takes is a lot of hard work and patience. This way they can maximize their profitability.
The fear of losing opportunity
v
Obecné
Jul 25, 2022 at 11:14
Fear of losing opportunity can force you to haste in trading and it is certainly not good. Controlling your emotions can help you here.
Demo Trading Advantages
v
Obecné
Jul 22, 2022 at 10:35
The advantage of using a demo account is that it is risk-free. You can trade until you are ready to live to trade. It is the best tool for both new and experienced traders to develop skills and approaches.
Money Management Tips
v
Obecné
Jul 21, 2022 at 11:23
Money management is critical in forex trading. Unfortunately, many traders are unconcerned about this. They do not practice proper money management since they are overconfident and greedy.
5 Things I have learned in 5 years of trading!
v
Obecné
Jul 21, 2022 at 11:22
The start you make is essential but what you go through in your trading journey matters even more. Where the profits fill you with confidence, losses may drain you. Learn to find a balance because both the results will keep coming in. Expectations are okay but no need to make them your sole goals.
Psychology
v
Obecné
Jul 20, 2022 at 07:35
Trading psychology is paramount. You can’t take your emotions lightly when you know that they can be dealmakers or dealbreakers for you. Instead of letting them flow in, embrace them and control them whenever required.
Does emotion harm?
v
Obecné
Jul 20, 2022 at 07:34
Trading on emotions is quite harmful. It is better to keep them away from your trading. Trading is best when done on logic and statistics.
Indicators are useful but
v
Obecné
Jul 20, 2022 at 07:34
Indicators are useful but you can not depend on those alone. It is better to study the market in depth and make trades accordingly.
How much should you invest in trading
v
Obecné
Jul 19, 2022 at 10:21
What you use for trading depends on the level you are at and your affordability. Making big gains would need big risks but if you are just starting out, you can keep them low until you know that you are capable of taking bigger risks.
Is Forex risky?
v
Obecné
Jul 19, 2022 at 10:20
I don’t think there is any way of making money that doesn’t have a risk. Many people compare forex trading with a business setup and that is surely a risky venture. It takes time to become capable of facing challenges and come out as a winner in the forex market.
Why are some traders successful?
v
Obecné
Jul 18, 2022 at 08:07
Out of all the huge number of traders who enter into forex trading, only a few become successful by making profits for a long term. But how do they do that? Because they are consistent. They keep trading, and strive hard to improve their trades even when the market is down or when they are losing. Trading for years makes them accumulate and used to all types of probable situations that can arise. This experience helps them win trades and become profitable.
Very tough business.
v
Obecné
Jul 18, 2022 at 08:07
I think it is the tough and challenging nature of the market that keeps us interested. It is human nature to always chase after something that is challenging, because solving that challenge gives us an indescribable boost of serotonin. For me, honestly I am so intrigued and deep into forex trading that I don’t think I will stop trading anytime soon in the coming years.
Consistency is the brick
v
Obecné
Jul 18, 2022 at 08:06
In forex trading, being consistent is crucial as it drives the trader's ability to create a profitable strategy and generate profits. There will be moments when you lose, but to be successful overall, your trades and trading technique should be consistent.
Forex is not like gambling
v
Obecné
Jul 15, 2022 at 07:13
Forex trading requires skills, knowledge, experience, and a research–oriented mind. However, gambling is mostly a game of luck. In the forex trading market we trade international currencies and compete against the market's odds and place trades based on technical and fundamental analysis. Those traders who trade live without any prior preparation are the ones who’re gambling.
There is no short cut
v
Obecné
Jul 13, 2022 at 08:26
You need to have a solid understanding of the market, a disciplined approach to trading, and a willingness to take risks. There are no guarantees in forex trading, but if you can master these three things, you'll have a much better chance of success.
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