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NEW TO TRADING
v
Noví obchodníci
Dec 06, 2022 at 06:15
Start with a demo trading account and you’ll be glad you did. It will help you understand the trading platform and about the broker.
Is a demo account really neccassary?
v
Noví obchodníci
Oct 12, 2022 at 10:30
It is the lifeblood of a trader’s life. Demo trading is really helpful to boost your knowledge and give you a practical outlook about the market.
What is the trading psychology for you?
v
Obecné
Aug 24, 2022 at 05:43
Trading psychology is to have a right state of mind without any emotions involved. Having the right balance of emotions is very important to make rational and logical trading decisions.
There is no short cut
v
Obecné
Aug 23, 2022 at 07:08
Forex is a pure hard work. You have to put in long hours of study and analysis to be successful in this business. But there is no shortcut to success. You have to work hard and be patient to achieve your goals in forex trading.
Can forex trading make you rich ?
v
Obecné
Aug 23, 2022 at 07:07
Forex has tremendous potential to make anyone rich. But it is only one's knowledge and experience that makes one so. It is useless to trade without knowledge because then, trading will just be a damp squib.
Demo Trading Advantages
v
Obecné
Aug 22, 2022 at 10:30
A live account differs from a demo account because of the money involved in both. As a beginner, it becomes a little more difficult to control emotions on a live account than on a demo account. Having a demo account can help a trader prepare for live trading, but it isn't complete on its own; on the other hand, a live account challenges a trader's emotions and finances, which they can't control. Controlling emotions on a live account is not as easy as is the case with the demo account. But a demo account is not useless, nevertheless.
Time Management
v
Noví obchodníci
Aug 16, 2022 at 09:19
It’s essential for a trader to know that trading is not just about finding the right trades to execute but also about finding the right time to make the right decisions. So, analyse the market well and see when you must enter and exit your trades.
Newbie wannabe Trader
v
Noví obchodníci
Aug 16, 2022 at 09:18
Hey newbie, I must tell you that you have chosen the right thing for your career. Just don’t take it lightly and do all that it requires to learn and understand the market. Your success depends quite a lot on what you know about the market. Feel free to ask anything you need help with.
Demo can not make you well experienced
v
Obecné
Aug 11, 2022 at 10:01
It's true! It can only provide you with a taste of what the market could be like. To be well experienced, you need to put in the time and effort to learn the ropes and master the skills required for the job. A demo can give you a head start, but it cannot give you the surety of becoming a successful trader.
Keep your innovation running
v
Obecné
Aug 09, 2022 at 11:30
An open mindset and ability to learn and tweak strategies help traders keep their innovation running in trading.
Psychology
v
Obecné
Aug 09, 2022 at 11:29
As a trader, focusing on trading psychology is a must. Without considering trading psychology, a trader fails miserably in the financial markets. Maintaining emotions, patience, and using the right emotions at the right time is crucial.
Dogecoin
v
Krypto
Aug 08, 2022 at 10:24
All the cryptos are down at the moment. So, it’s surely a good time to make some buys. But make sure that you buy only those coins that you understand.
Are there any new coins that you consider promising and worthy of attention?
v
Krypto
Aug 05, 2022 at 09:56
Cardano seems to be a promising option at the moment. But analyse its performance on your own before you make the decision.
Bitcoin (BTC) analysis thread
v
Krypto
Aug 05, 2022 at 09:56
For the last 1 week, the BTC value has been fluctuating around 23k usd price level. We can expect it to rise in the coming week as the price level is gradually increasing. Although a recent news article by cloud wisdom suggested that nearly 36% crypto traders expect bitcoin to reach $30k mark by the end of this august, most economic analysts have kept the $36k mark as a target by the end of this year. Since the US Fed rates are increasing, and an economic recession is likely to happen, we cannot expect a high recovery of bitcoin too soon. However, bitcoin is sure to rise within 2-3 years timef...
Should I invest in cryptocurrencies?
v
Krypto
Aug 03, 2022 at 09:26
Yes, cryptocurrencies being highly potential can be really profitable. But, I’d suggest that you should consider your risk tolerance before choosing to invest in cryptocurrencies as they are highly volatile in nature.
Bitcoin future?
v
Krypto
Aug 03, 2022 at 09:26
It is true that the future of Bitcoin looks bright. However, we cannot say for certain that it is completely bright. Bitcoin being the first currency has the largest market cap among other cryptocurrency and is quite popular which makes it potential in the future.
Consistency is the brick
v
Obecné
Aug 03, 2022 at 09:25
Though consistency is the most important level of forex trading, it is not easy to reach in any way. It takes a lot of time for someone to find ways that work for them. So, be ready for all the hard work that you will have to do to become consistent at making money in the forex market.
Ready made strategy doesn't
v
Obecné
Aug 02, 2022 at 10:39
I guess it’s quite obvious to believe that a readymade strategy won’t ever work the way a customised one will. So, instead of wasting your time and money on something that you don’t understand, you better build a new one after gaining some experience with the readymade one.
Advice about BTC trading?
v
Krypto
Aug 01, 2022 at 07:11
The best I can tell you to do is to analyse the market before you make any trades and when you wish to go online, use a small amount.
Ethereum is the new Bitcoin
v
Krypto
Aug 01, 2022 at 07:10
I can’t deny that ethereum is doing pretty well these days but I don’t think it would be right to compare it to bitcoin. Bitcoin is the dollar of the cryptocurrencies.
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