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Most people fail because
v
Obecné
Feb 22, 2021 at 12:39
Above everything else you require knowledge and appropriate trading outlook. In the event that we need to lead a secured and open to trading environment with positivity we the traders need to pick the solid broker which ensure their customers funds.
Demo is a big opportunity
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Obecné
Feb 21, 2021 at 12:41
Demo is a big opportunity to a trader. They can enhance their knowledge through this practice. A trader can get a good concept through trading with demo account. A trader has a gather more knowledge about Forex trading and then he needs to apply it on market. It’s a big facility for an FX trader can enjoy all the time. I always used to trade with demo account to make my trading fluent.
If you want to get success
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Obecné
Feb 21, 2021 at 12:40
Success is a long-term process! In addition, there is no short-cut way of success! But I see, a number of novice traders want to make huge amount of profit in their every trade position! For being a successful Forex trader you have to ensure your strategy’s quality with a proper trading plan! No one can success here automatically, success is always costly!
To learn the art of trading
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Obecné
Feb 21, 2021 at 12:35
There are some trading strategies on forex business but not all trading strategies is easy and profitable, all required practice to finding suitable trading strategies if we can making good profit on trading hence these strategy is good and will profitable
Long term trading
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Obecné
Feb 21, 2021 at 12:32
Long term trading I think always safe and comfortable but we have to make sure first of all sufficient trading balance for that. My trading career I always like to trade with long term trading, but sometimes I use scalping approach due to getting profit very rapidly.
what kind of spreads do you look in a broker
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Obecné
Feb 21, 2021 at 06:19
Personally I like zero spreads account where spreads starts from zero. I am ready to give commission. But trade execution should be instant without any requote.
Broker and regulations
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Obecné
Feb 21, 2021 at 06:16
Regulation of the broker is very important aspect. Every trader should check this before choosing a broker. Payment method and timing should also be checked. Because By doing this your money will be safe with the broker. Choose your broker wisely.
Forex game is not business
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Obecné
Feb 16, 2021 at 12:21
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
profits in forex trading
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Obecné
Feb 16, 2021 at 12:20
Trading forex is complex and requires a level of patience that is off the charts if you want to be extremely successful. When you first start trading, the amount of patience required is beyond most people's understanding. You can't gain that level of patience unless you have experience. You can have all the trading talent in the world, but w/o experience you are at a disadvantage to a more experienced trader.
The get rich analogy
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Obecné
Feb 16, 2021 at 12:08
That is the greed. Actually most newbies being told that trading is easy and there is lot of money. That introduction changed their psychology. A person should get well skilled to trade forex.
To learn the art of trading
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Obecné
Feb 16, 2021 at 12:05
Yes it is very important to learn the art of trading. Most newbie do not focus on deep learning. They do demo trading for couple of months then they jump into live trading. That's wrong.
Very tough business.
v
Obecné
Feb 15, 2021 at 12:36
Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.
When a trader uses small
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Obecné
Feb 15, 2021 at 12:35
When you have small capital, Just trade for the sake of experience it actually depends how much you wanna earn with such small capital because if you are not hoping a big return just small then I guess it's just good to target at least 20% of your investment a month. Just for some extra bucks.
We make loss
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Obecné
Feb 12, 2021 at 12:04
Loss is an inviable part of trading that cannot avoid after passing a long time , but when we making loss , we lost control and trade over and over as a result we become loser ultimately and blame this market place.
Basic mistake we make
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Obecné
Feb 12, 2021 at 12:03
Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.
Very tough business.
v
Obecné
Feb 12, 2021 at 11:55
Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit.
Forex your second source of income
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Obecné
Feb 12, 2021 at 11:53
You can earn money from Forex trading if you can acquire most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life without having a reliable support form a credible trading platform, because the broker can affects the result of our trading with certainly.
It is a very wrong idea
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Obecné
Feb 07, 2021 at 14:14
It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.
Placing stop loss
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Obecné
Feb 07, 2021 at 14:13
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Basics knowledge is not enough
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Obecné
Feb 02, 2021 at 11:07
If you do some research you will find that there are good and free ebooks that can really help a newbie trader with the basics of forex trading. Website tutorials is what most traders seem to prefer as their source of knowledge but there are alternative available like these forex books if you can afford to get one.
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