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Importance of demo trading
v
Noví obchodníci
Dec 12, 2022 at 11:02
Demo trading serves as a learning tool, and in the foreign exchange market, one's level of knowledge and expertise cannot be neglected. Therefore, using a demo account for education and training purposes is crucial.
There is no short cut
v
Obecné
Dec 07, 2022 at 09:29
Agreed. Forex trading is a long process, and there is no shortcut to mastering the market. You will have to work hard consistently in order to be better in making trading plans, and only then can you carve your path to success.
Consistency is the brick
v
Obecné
Dec 06, 2022 at 06:06
It is more important to consistently strive to be better in trading, than to trade consistently without a purpose, or analysing the outcome after each trade.
How much should you invest in trading
v
Obecné
Aug 17, 2022 at 05:07
It is better to start small and grow your account gradually as you gain skills and experience as a forex trader. You don’t need to risk a huge amount to get into forex. Just focus on learning and understanding the market in the beginning. You will earn enough profits once you become a good trader.
Learning Forex Trading
v
Noví obchodníci
Aug 17, 2022 at 05:06
I think a beginner should start with a small amount and trade without risking too much. Leverage increases your risk and it is better to use minimum leverage until you get experienced in trading.
What are your preferred broker for crypto CFD's with a tight spread?
v
Krypto
Aug 12, 2022 at 10:33
Can give fxview a try mate, both spreads and commission are on the lower side. Xtb is another good option that you can consider.
How to start forex trading? Read These Best Tips!
v
Obecné
Aug 09, 2022 at 07:33
Learning and demo trading are the first steps in the long journey. And everything comes down to managing risk and emotions while trading. These tips will surely be helpful to beginners and a good reminder to traders like us who often forget the unsaid rules in forex.
The fear of losing opportunity
v
Obecné
Jun 15, 2022 at 06:05
I think it is important to remember that the forex market will always be there and so will be the opportunities. Just stick to your strategy and trading plan. Deviating from your actual strategy just because a trade looks good, don’t guarantee profits. So be patient and take up trades that align with your plan.
Which pairs are your least favorite to trade? And why?
v
Noví obchodníci
Jun 15, 2022 at 06:04
Just like most traders, I would also avoid exotic currency pairs because of the low liquidity and high volatility. These pairs can use a significant portion of trading capital to cover their losses.
Is forex is best source of income?
v
Noví obchodníci
Jun 14, 2022 at 10:09
You can make money from the forex market only if you are well-versed with all its concepts. If you're already familiar with the forex market, you'll be able to make more money. Forex trading comes with a high degree of risk, so only those who have a good deal of experience and skill in trading can achieve success in it. So, if you want to make money trading forex, you'll need to keep up with the latest trends but at the same time have a strong foundation of the basics of forex.
Patience is best tool to get success
v
Noví obchodníci
Jun 10, 2022 at 07:44
Patience is one of the best friends of trading. We often forget to be patient and lose. If you remain patient, you will not experience issues such as overtrading, chasing losses and so on. Moreover, you can ensure long-term trading if you practice patience because trading is a long-term game.
Demo can not make you well experienced
v
Obecné
Jun 10, 2022 at 07:38
Only a live account can make you earn money. A demo account can only show you how to trade, but being dependent on that is not good. Use a demo account to hone your trading skills and use them appropriately while live trading is the right process of achieving success in forex trading.
money manage and leverage
v
Noví obchodníci
Jun 09, 2022 at 06:23
Money management is the key in any financial market. People who ignore this fact lose quickly.
Money Management Tips
v
Obecné
Jun 08, 2022 at 05:08
With the help of a money management strategy, you will be able to minimise your losses so that they are manageable. So, even if your trade gets you a loss, you will be able to manage it and keep trading. Decide your risk appetite before you make a trade and never risk more than your affordability.
Demo Trading Advantages
v
Obecné
Jun 07, 2022 at 12:29
Demo accounts are important for traders at all levels. Beginners need to get well-versed with trading, trading platforms, and the live market that demo trading helps them with. Also, not to forget that experienced traders also need to test their new strategies on a demo account so that they are prepared for the results they can get.
Small investment
v
Obecné
Jun 07, 2022 at 12:28
Starting with a small amount is the best idea for developing the right trading psychology.
Most people become unrealistic
v
Obecné
Jun 07, 2022 at 12:27
True. Trading is not a source of getting rich overnight. Many new traders enter the market with this misconception and eventually fail to make profits.
5 Things I have learned in 5 years of trading!
v
Obecné
Jun 06, 2022 at 11:59
5 things I have learned in 5 years of trading:1. Trading is not a quick money-making scheme. It needs a lot of hard work, patience, and discipline.2. Trading is a lifelong learning process. To be a successful trader, you must keep learning.3. Believe in yourself. Do not take every other person's word for it.4. No one can provide you with a successful strategy. It is something that comes with trials and errors.5. Set achievable goals and work for them with all of your mind and soul.
Mind or Machine? What’s Better For Forex Trading?
v
Obecné
Jun 06, 2022 at 11:57
I believe that the mind is superior in trading. Machines are the creations of brilliant minds. There is no machine in the universe capable of producing a human mind. This beautiful universe's creative source is the mind. Machines, however, are useful. You can use machines to assist you. Even so, you should only make trading decisions with your sound mind.
Fundamental works 100%
v
Obecné
Jun 03, 2022 at 11:25
Fundamental factors affect the movement of the and studying these factors and considering them while making trading decisions is very important.
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