Vermilion1ovy příspěvky

Why are some traders successful? v Obecné Jan 05 at 07:12

Trading success comes from focus and keeping that focus alive while trading. Many traders do not have the discipline to trade and lose quickly. Unrealistic expectations do not work in the forex market. Success comes from consistency and hard work; it does not come from unrealistic expectations. Education about the market is crucial.

Most people become unrealistic v Obecné Nov 07 2022 at 05:11

Setting realistic expectations is crucial. Beginners having unrealistic expectations can make them lose money quickly. They do not understand the importance of trading psychology and the risks of the market and trade without considering them.

Mind or Machine? What’s Better For Forex Trading? v Obecné Nov 07 2022 at 05:11

Machines are quite helpful in determining the direction of the market. The human mind is no less. But as humans, we have emotions that machines do not possess. So, machines are helpful in that. But machines are not accurate all the time, and they might point us in the wrong direction. So, we have to use our intellect and machines to trade. If we consider only machines to trade, we will suffer heavy losses.

Keep your innovation running v Obecné Oct 28 2022 at 09:45

Innovation will come with experience and learning. As a trader experiences new challenges, they evolve. Learning will help them explore the market; the more they learn, the more they become creative. As a result of this innovative genius that they become by learning, they can become profitable easily.

How often does the market change? v Noví obchodníci Sep 20 2022 at 09:24

We can’t really say the market is changing but the market conditions keep on changing. Experienced experts can predict such major market changes to a certain extent. Still, the best thing to do here is always being prepared to modify or switch up your strategy as and when needed.

90% are loser ..why ? v Noví obchodníci Sep 19 2022 at 09:36

I think failures happen so that we can learn something new and correct our mistakes. They only help us to get better if we are wise enough to learn our lesson. Trading psychology is just as important as the fundamental and technical knowledge in trading. Beginners should also pay attention to managing their emotions along with risk management in order to attain success in the long run.

Psychology v Obecné Sep 16 2022 at 10:22

Many people think trading is all about techniques and strategies. Yes, they are essential but we cannot become successful as a trader unless and until we learn to manage our mind and emotions. Emotional trading will always lead to losses in the long run. And you must break this habit of trading based on your mood and follow a professional approach all the time.

Is a demo account really neccassary? v Noví obchodníci Sep 16 2022 at 10:22

A demo account is necessary for anyone who doesn’t want to risk any real money during the learning process. I see many people suggesting that demo accounts are not enough to gain experience and we should go for micro accounts instead. But I still believe a few months of demo account practice can teach us a lot if we do it properly.

Books or Videos - Which one is better for learning? v Noví obchodníci Sep 15 2022 at 09:15

Both are good sources of information, whichever floats your boat! Learning is a very important aspect of achieving success in this market. Apply your knowledge by practising on a demo account, backtest different strategies and try to pull in profit. The main effort rests in trying. Don’t give up too easily.

Luck is important v Obecné Sep 14 2022 at 11:53

I think putting in hard effort is important, if you make the right choices, luck will be on your side. Many rookies get lucky and set very high expectations forgetting the high risk involved. Only through practice, patience and passion can profit be earned. Maintain focus but also try to get better at approaching the market at different times.

The only rules you need to start being a profitable trader v Noví obchodníci Sep 14 2022 at 11:53

Proper preparation is very much needed to become a successful trader over time. You should always start trading with a well defined plan. It is better to continue with demo account practice until you feel confident enough to trade on a real account.

New to the Forex community v Noví obchodníci Sep 14 2022 at 11:52

Hello and welcome aboard. Good to see that you are going to trade seriously from now on. Take your time to unlearn the gambler style trading that you were doing and then start trading like a professional. Be disciplined and pay attention to risk management this time. All the best!

When a trader is a newbie v Obecné Sep 13 2022 at 08:11

A beginner in the forex market should prioritise learning over anything else. The learning period is crucial since it will decide your success rate as a trader. Those who don’t spend enough time learning will be at a higher risk of loss due to their lack of knowledge and skills.

Intraday Trading is gambling v Noví obchodníci Sep 12 2022 at 11:16

Sorry but I don’t agree with your statement. Everyone has a right to share their opinion but you should not come to a conclusion like this just because day trading is not an ideal thing for you. I think professional day traders are exceptionally skilled and know the market more than anyone else.

Which exotic pairs are good to use for trading? v Noví obchodníci Sep 12 2022 at 11:15

You can try USD/HUF as it is one of the most popular exotic pairs. But a beginner should only trade major pairs until they gain some experience in the market. Exotic pairs are very risky to trade with as they often lack liquidity and are too volatile to begin with.

Time and pracrtice. v Noví obchodníci Sep 12 2022 at 11:14

Knowledge and skills are very much needed for becoming a forex trader. And one has to invest time for gaining knowledge and practice well for developing trading skills. The learning period will be different for everyone based on their grasping power. So, one must learn and grow at their own pace.

Have a plan and stick to it v Noví obchodníci Sep 09 2022 at 10:29

While it’s easy to get distracted, it’s even tougher for newbies who see money in their eyes, to balance their moves and stay on track. They often waver towards quick minting and lose all their capital. It is unfortunate that they still don’t tend to learn from mistakes and repeat the same process again. Creating a plan, sticking to it shows how organised and disciplined you are as a trader towards earning that profit returns you’re working so hard to receive.

New Begining on Forex v Noví obchodníci Sep 08 2022 at 11:29

Hi there, welcome to the forum! Start by reading books like, ‘Forex Trading’ by Jim Brown and ‘The Black book of Forex Trading’ by Paul Langer. These will help you generate a basic foundation so you can start practising on a demo account. Practical knowledge with theoretical knowledge is important to cover all areas of the market. Take time, learn and enhance skills. Good luck!

Successful Traders Mindsets v Obecné Sep 08 2022 at 11:22

Good post. These are some important points traders should keep a note of, especially beginners, and try to incorporate them into their trading. One more important mindset is to “make peace with loss”. This will help you take every step as a growing step towards progress, and this optimistic outlook will help you stay dedicated, consistent, and patient for a long term.

Profit streak or loss streak. What's worse? v Obecné Sep 08 2022 at 11:22

None are worse. Both profit and loss is a part of the journey. Mentally assigning either profit or loss as ‘worse’ than the other is most likely to affect our sentiments when planning a trade, or executing one. The best is to keep a balance, and balance means a state of nothingness. What I mean is, it is better to trade professionally without attaching emotions to the money you are trading. If you win you win, if you lose you lose, there’s no celebration and no mourning in both the cases. This will help you to keep your emotions from interfering.

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Všechny kotace
AUDUSD	0.66746	USDCHF	0.91803
EURJPY	140.479	EURCHF	0.99045
EURGBP	0.8804	GBPJPY	159.552
EURUSD	1.07892	GBPUSD	1.22539
USDJPY	130.206	USDCAD	1.37368

EURUSD	1.07892	GBPUSD	1.22539
USDJPY	130.206	USDCAD	1.37368

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