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What Geopolitical Risk Really Means to Your Trading
v
Obecné
Jul 05, 2022 at 07:49
Oh geopolitacal situation is changing too fast now. Conflicts, wars, etc. Now many traders do not feel safe. Since the threat can now come from anywhere.And what about trade? Now many traders should reconsider their strategy. As for me, the geopolitical situation greatly affects the market as a whole. And the situation is changing so quickly that it is difficult to predict the movement of the market for more than a couple of days.So right now I would prefer only intraday trading. And don't forget to set SL and TP.
The secret behind Trade, lies in the meaning of the word
v
Obecné
Jul 05, 2022 at 07:38
Oh you make so deep analysis of the word 'trade'. Is it really enough to be profitable?For me trade is about trading. In general, you must have deep knowledges of forex. Know the history of forex trading. Know at least technical analysis. And of course, you should know how to open order and what leverage to choose.
Leverage is useful or not ?
v
Obecné
Aug 19, 2021 at 14:23
Oh surely leverage is important. Because of leverage you can trade with lower money, if you need to. But the higher lewerage means the higher risks. So think about it.
Trading in lower timeframes
v
Obecné
Aug 19, 2021 at 14:21
Oh lower timeframes can be used if you're scalper. But for fulltime traders it's difficult. On the lower timeframes market more volatility and shows wrong picture of the situation. It can be used for 15-30 min, but not much more time. So dont' listen to that men who say you to trade on 1m-30m timeframes.
What works?
v
Obecné
Aug 19, 2021 at 14:17
Oh yeah everyone is unique. But most of all traders do the same mistakes each time. Maybe that's why most of all profitable period may end. Or I can be wrong. And many people have a lot of profit because of forex. Who knows...
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