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5 Things I have learned in 5 years of trading!
v
Obecné
Apr 25, 2022 at 10:04
1. Patience is the key2. To limit the risk, stop loss is the best tool.3. Developing a strategy and sticking to it.4. Analysing charts to understand price movements.5. Accepting failures gracefully
Basic mistake we make
v
Obecné
Apr 25, 2022 at 10:02
In my opinion, the basic mistakes newbies usually make are-1. Trading without a trading plan.2. Going for live trading without practising on a demo account.
Is a demo account really neccassary?
v
Noví obchodníci
Apr 23, 2022 at 09:35
Yes, it is definitely necessary and beneficial for new traders to get familiar with the platform because it gives a real-life trading experience. Also, it is risk-free, with no real capital involved, and the best tool to develop various skills and strategies.
Newcomers and demo trading
v
Obecné
Apr 23, 2022 at 09:31
Initially, many traders start with demo trading because it is a safer and more convenient way to learn how to trade from the inside. One can learn in a better way because it gives a real-life trading experience and is risk-free.
To shine in forex
v
Obecné
Apr 23, 2022 at 09:30
To shine in the forex market, proper knowledge and skills are required. It is very important to learn the basics and practice on a demo account. Then only we’ll have a better understanding of the market and the platform.
Is trading hard?
v
Obecné
Apr 22, 2022 at 10:19
Trading is hard for those who don’t have a strategic plan so it's advisable for new traders to always begin their learning with a demo account.
Consistency is the brick
v
Obecné
Apr 22, 2022 at 10:17
Yes, I agree consistency is one of the fundamentals of the forex market.
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