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Placing stop loss
v
Obecné
Dec 22, 2021 at 05:54
Placing a stop loss requires experience. There are different strategies to place a stop loss. But I recommend focusing on the basics first. Always consider the support and resistance levels as prices would bounce up or fall down at certain levels. Place the stop loss at some points above or below(according to support and resistance) from where price could change direction.
Is math important for trading?
v
Obecné
Dec 22, 2021 at 05:44
Trading does include maths but in this maths a person does not need to be the top of class in the subject. You just need to have enough knowledge to use a calculator. Some trading platforms do most of the calculations for you but still sometimes you need to calculate how much you would like to invest or what risk you can bear.
Tips To Being A Successful Trader
v
Noví obchodníci
Dec 21, 2021 at 05:38
I think it is more important to be prudent about the risk that you are taking. You should not focus on winning the trade but instead focus on saving the trade by not allowing the risk to be more than the money you deposited to open a position.
Greed is when your expectation
v
Obecné
Dec 20, 2021 at 06:46
Greed leads us to risk more than what we could actually afford, and can sometimes lead to blowing up the account.
Luck or Hard Work?
v
Noví obchodníci
Dec 20, 2021 at 06:38
Trading has nothing to do with luck. A successful trade is purely the result of hard work and the understanding of the forex market.
Importance of demo trading
v
Noví obchodníci
Dec 17, 2021 at 05:53
Demo Account is the most practical way of learning the basics of trading without real money included. Demo accounts may not give you the real trading experience but it does make a base for you that helps you when you trade on a live account.
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