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7 Benefits of using stoplosses
v
Obecné
Aug 29, 2020 at 05:13
Yes you are right. For short term traders stop loss is very important. It helps a trader to reduce his risk. But it needs good experience to place a well calculated stop loss. Otherwise you will hit stop loss if you don't know how to where to place a stop loss.
Luck is important
v
Obecné
Aug 28, 2020 at 04:35
When we talk about opening a trade, luck is not important. You can be lucky 1 time, 2 times or 3 times, but not all the time. To be successful in trading you have to skilled in analisis and mind set. Otherwise you will lose money continuesly.
What do forex brokers rely on to make money?
v
Obecné
Aug 28, 2020 at 04:32
Usually a broker make money by commission and spreads. If your account is commission free, the broker make money by the spreads gap in a pair. It could be from 1 pips to 8 or more depending on different currency pairs.
Forex your second source of income
v
Obecné
Aug 26, 2020 at 09:23
When you are skilled enough you can make forex trading as a primary source of income. Before that you have to depend on something else for your income so that you can pay your bills while you are learning the art of trading.
How much Important of Leverage for Trading
v
Obecné
Aug 26, 2020 at 09:20
For small traders like us, leverage is very important. Without leverage it's not possible to trade with small amount of money. As forex moves very little in terns of percentage. It's the leverage that makes the trading interesting with low capital.
What indicators do you use the most? and why?
v
Obecné
Aug 25, 2020 at 08:03
Personally I do not use any indicators. I trade based on price action. I follow candles, candlestick and price behavior in terms of support and resistance. You have to find out which indicators work for you or you understand the most.
Loss
v
Obecné
Aug 25, 2020 at 07:58
Loss is a part of forex trading. You can not avoid loss trade fully. That's why you need to manage your risk. You need a good risk reward rario strategy with decent winning percentage. Most people don't bother about risk management. As a result lose a lot of money.
Very tough business.
v
Obecné
Aug 24, 2020 at 13:47
Yes trading is the most difficult business in the world, whether it's forex, stocks or commodities. That's why 95% people ultimately fail in trading. To be successful in trading you have to be skilled enough.
Slippage
v
Obecné
Aug 24, 2020 at 13:42
Slippage usually happens during big economic events. Due to sudden spike price jumped and your take profit or Stop loss got slipped. In good broker you get less slippage as they have good liquidity providers. You better find a good broker.
Classic books about forex
v
Obecné
Aug 21, 2020 at 14:36
There are books about forex trading. No books will give any ready made strategy that will give you constant profit. You have to learn how to customize different strategies according to the changing markets.
Are there secret forex strategies in the forex market?
v
Obecné
Aug 21, 2020 at 14:32
The secret of trading is within you. Any strategy is useless if you do not customize it according to your trading personality. You have to gather that much knowledge so that you can make your own strategy.
Trading Target
v
Obecné
Aug 20, 2020 at 08:16
Your trading skills and abilities define your style. Yeah it's true most traders like short term trading. But scalping can be dangerous for newbie as it makes them restless. They sit before charts all the time to find an entry. As a result out of desperation they open wrong trades.
Trading Lessons!
v
Obecné
Aug 20, 2020 at 08:08
I have learned that do not share your opinion about market with others if you are a day trader.It makes you biased about about that day. If I stay away from others I do good in trading. I need to be influenced free to keep my mind relaxed.
Raw Spread or standard account?
v
Obecné
Aug 19, 2020 at 11:05
I personally like raw spreads, to me it seems the lowest. Most of the time it's zero pips. Standard account has fixed spreads . And it varies broker to broker. It's about what you personally feel comfortable. If you like raw spreads go for it or vice versa.
1400 percent gains in 8 days trading us30 manually
v
Obecné
Aug 19, 2020 at 10:55
If you did this by following any systematic approach, it's impressive. But if you did this by doing random trading without any systematic way, nothing to be happy. Let us know how you did this.
Really? Long term is worth the wait?
v
Obecné
Aug 18, 2020 at 12:07
If the market is in trend, holding the position pays off. But for slideways market holding a trade can be dangerous if breakout happens and you are against the trend. To hold a trade you need to confirm about the trend.
How Far Will It Fall?
v
Zkušení obchodníci
Aug 18, 2020 at 12:03
This pair is in downtrend. In trend market you can hold a position against the trend. First you should consider the trend of pair. This pair still has room to fall, though nothing is certain.
Newcomers and demo trading
v
Obecné
Aug 17, 2020 at 10:51
Demo is important for everyone. The use of demo is to test your strategy. To. Find out the winning odds of a strategy you have to test it on demo first. Another use of demo is to get ideas about a broker's platform. Make your strategy perfect on demo then apply that strategy on live account.
Stop Loss Importance
v
Obecné
Aug 17, 2020 at 10:36
Some traders use stop loss some don't. It depends on what strategy and system you are using. For scalping and short term trading stop loss is important. Otherwise you may get margin call if you don't use srop loss.
how many pips a year do you need to make ?
v
Obecné
Aug 14, 2020 at 11:26
You just need to be consistent with profit. Your risk and reward could be anything. You are here to doing business not gambling. What about spread, margin, lot size. You need to be realistic with your target according your strategy and skills.
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