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Is trading hard?
v
Obecné
Jan 30, 2021 at 09:45
Nothing is easy in forex trading. You have to trade consistently and learn from these trades so that you can get the clear ideas and have better strategies to trade further. Try to remain updated with the news about forex. I found that keeping us updated with the news helps us to make better decisions.
What is the best strategy used as a new trader?
v
Noví obchodníci
Jan 29, 2021 at 17:05
I think you are pretty well versed with the analytical tools so i would suggest that you should test your new strategies with indicators on a demo account. This helps you to retrace accurate findings that help you to trade.
Best time frame to trade
v
Obecné
Jan 29, 2021 at 17:04
Time frames are a very important aspect for forex trading as the market is very volatile. I use smaller time frames as it helps me in scalping out the prices though smaller time frames require more time to sit and analyse.
How much money can I expect to make from trading?
v
Obecné
Jan 28, 2021 at 16:06
It all depends upon how skilled you are at forex trading. Skills and learning is the major key to get through forex trading. You can earn 100% returns on a trade with a proper trading plan. Focus on your learning and not imitate the trading strategies of someone else, make your own always.
a good trading strategy
v
Noví obchodníci
Jan 28, 2021 at 16:04
I would say mere strategy will not help. I agree with part of the strategy but you must have the knowledge of what is going around the globe as forex is very volatile and reflects upon the market sentiments and news related to it.
Indicators are useful but
v
Obecné
Jan 27, 2021 at 11:41
Well, everything has its own importance. I must say, we should make a strategy by using both indicators and charts. Solely analyzing charts without indicators may fail your plan and you will end up with a big loss. Try to learn how to use indicators in charts and then go ahead with your trade.
To shine in forex
v
Obecné
Jan 27, 2021 at 11:40
I think the key note for investments in forex is to remain patient. And with proper knowledge of the forex market you can grab decent profits. For this you have to remain consistent and should devote 4 to 5 hrs daily to understand the details.
Basics knowledge is not enough
v
Obecné
Jan 25, 2021 at 12:10
Basic knowledge helps you to understand the gateway of the market, with time you need to update yourself which pair is performing better and how the real financial health of the respective economies. I prefer to analyze the pairs before trading. Only your intellect will help you to survive.
Professional trading tips for beginners
v
Obecné
Jan 25, 2021 at 12:09
I will recommend some of the points:1. never copy someone’s trading style2. keep patience while starting, Rome was not built in a day3. keep yourself updated with the current market trends4. gain knowledge by reviewing educational content about forex from the internet5. do your SWOT analysis, where do you stand before the market and then go ahead.
Most people fail because
v
Obecné
Jan 25, 2021 at 12:06
I would say that try to keep your excitement at low levels and invest patiently at the early phase of forex trading. One wrong trade can vanish your all hard earned money. Try to learn from small trades and then gradually move to bigger ones. Learning from mistakes keeps you on a safe path.
No system works all the time
v
Obecné
Jan 25, 2021 at 12:05
Nothing is permanent. Not even strategies that we make for our trades. We must change our strategies with the market volatility. There is no such system that automatically adjusts to your trades. You will have to keep yourself updated every minute to book profits.
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