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There are many risk factors
v
Obecné
Nov 29, 2020 at 08:16
There are many risk factors in forex trading. You can lose all your cash in the blink of an eye. High leverage will bring about considerable losses. There are more factors like interest rates, political events, economic risk and many more. To know all the risk factors you have to consider a great deal.
Trading is all about your comfort
v
Obecné
Nov 27, 2020 at 06:18
Trading is all about your comfort. If you are doing great with intra day, you can continue with that. For weely trading I think you can do some demo trading with your strategy. M15 strategy and D1 strategy are not same. You have to be compatible with it. After then you can switch.
Pros and Challenges of Trading Forex
v
Obecné
Nov 26, 2020 at 14:39
People come into forex to make money easily. Forex may seem easy but to earn money you need knowledge and skills. Most people are unwilling to study. They run for ready-made strategy and never settle down. They don't know what they are doing.
Ideal place for trading
v
Obecné
Nov 25, 2020 at 12:18
We need a place where we can think properly. It could be any place. But the condition is the place should not disturb your sound thinking. A noisy place can disturb your thinking.
Without skills trading
v
Obecné
Nov 25, 2020 at 12:18
Without skills trading is the easiest way to lose money quickly. But if you have necessary knowledge and skills the opposite is also true. For that one needs to give time in learning.
The less complicated trading system
v
Obecné
Nov 23, 2020 at 14:34
The less complicated trading system is the best methodology. There are heap of people who like confounded trading system. I think everything depends on individuals. Find what you are good at, use that. No matter whether it is simple or complicated strategy.
Acquiring knowledge is basic
v
Obecné
Nov 23, 2020 at 14:33
Acquiring knowledge is basic for being a successful a trader. You need to study and research a tremendous mark in case you want be a gainful trader. You need to learn specific edge and mental perspective of trading. You have to comprehend how to control your feelings. By then start with demo record to understand how as far as possible.
It is the psychological aspects
v
Obecné
Nov 22, 2020 at 12:47
It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything.
What works?
v
Obecné
Nov 22, 2020 at 07:04
I think it is relative that what works and what doesn't. What works for one may not work for others. Every trader is unique in psychologically. That's why all successful traders have their own trading style and strategy. It's the common traders who try to exact copy of others style and strategy.
Forex trading requires
v
Obecné
Nov 19, 2020 at 12:00
Forex trading requires specific knowledge and skills. And you can't get that without learning and practicing. Trading is easy but learning process is long. You have to give time to learn the strength of trading.
Psychology plays a big part
v
Obecné
Nov 19, 2020 at 12:00
Psychology plays a big part in forex trading. In trading 90% is psychological and rest are technical and fundamental. So if you want to tune yourself up as a forex trader, I would suggest you to learn trading psychological. What is called psychological analysis. It involved being discipline in trading. It also teach how to control your emotions while trading.
To make profit
v
Obecné
Nov 17, 2020 at 12:21
To make profit you require an expert mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.
There are many advantages
v
Obecné
Nov 15, 2020 at 14:32
There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage gives the trader the capacity to trade with small amount.
Security of the funds
v
Obecné
Nov 15, 2020 at 07:02
Security of the funds is major issue. There are many brokers that defraud their customers. For good security, you require a good secured broker where you can feel safe. There are many brokers out there who hoodwink their customers.
Should anyone give up?
v
Obecné
Nov 15, 2020 at 07:02
Giving up is a personal choice. We can not tell anyone that you should not give up forex trading. People have different capabilities, different choices. It is not that everyone will feel comfortable with trading. Trading is a mind game. Not everyone can handle it. He may be good it anything else. So we should work that suits our psychology. If you think trading is not for you, do not do it. But at least give your full efforts before giving up.
New traders love scalping
v
Obecné
Nov 15, 2020 at 06:39
New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.
Fear of losing
v
Obecné
Nov 11, 2020 at 13:00
The most dangerous emotion in trading is the fear of losing money to. Most traders hold this type of feelings while trading. But You have to be emotionless while trading. No emotional attachment is allowed in trading.
Not that easy
v
Obecné
Nov 11, 2020 at 13:00
By doing forex making money is not easy. We may say access to the market is very easy and with little investment you can start it. To make money you need to learn the art of trading. But the learning process is long. You have to keep patience.
How to get a good strategy
v
Obecné
Nov 10, 2020 at 13:56
To finding a good strategy we need to do a lot of trail and errors. But usually people do not give much time in a strategy. They think there must be something I don't know and they keep searching.
Does forex strategies usually work>
v
Obecné
Nov 10, 2020 at 12:47
Strategies work. But to work a strategy we need to know how to use that strategy. We also need to customize strategy according to our mind set. But for that you need good understanding of market.
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